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Stock impact report

ePlus Reports Second Quarter and First Half Financial Results

ePlus inc. (PLUS) 
Last eplus inc. earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: eplus.com/investors
Company Research Source: PR Newswire
- Broad-Based Demand Drives 8% Sales Growth -Second Quarter Fiscal Year 2023Net sales increased 7.8% to $493.7 million; technology segment net sales increased 8.1% to $471.5 million; service revenues increased 7.1% to $65.2 million.Adjusted gross billings increased 15.3% to $765.8 million.Consolidated gross profit increased 8.4% to $133.3 million.Consolidated gross margin was 27.0%, up 10 basis points from last year's quarter.Net earnings decreased 9.4% to $28.5 million.Adjusted EBITDA increased 0.2% to $50.3 million.Diluted earnings per share decreased 8.5% to $1.07. Non-GAAP diluted earnings per share decreased 0.8% to $1.29.First Half Fiscal Year 2023Net sales increased 8.8% to $952.1 million; technology segment net sales increased 10.0% to $920.3 million; service revenues increased 10.2% to $128.3 million.Adjusted gross billings increased 13.2% to $1,467.7 million.Consolidated gross profit increased 8.0% to $246.8 million.Consolidated gross margin was 25.9%, compared with 26.1% la Show less Read more
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