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Jun 30, 2020
ePlus Q1 2021 Earnings Report
ePlus's business performed well across key profitability metrics, with gross profit increasing and diluted earnings per share growing.
Key Takeaways
ePlus reported a decrease in net sales by 6.9% to $355.0 million, but experienced growth in profitability metrics. Gross profit increased by 6.4%, and diluted earnings per share grew by 8.3%. The company's performance was driven by a favorable mix of higher margin services revenue.
Net sales decreased 6.9% to $355.0 million.
Consolidated gross profit increased 6.4% to $98.6 million.
Net earnings increased 7.2% to $17.4 million.
Diluted earnings per share increased 8.3% to $1.30.
ePlus
ePlus
ePlus Revenue by Segment
Revenue by Segment
Technology Business Revenue
CapyFin.comFinancing Business Revenue
CapyFin.com Forward Guidance
ePlus believes they are well positioned to manage through near-term pandemic-related disruptions and achieve growth over the long term, focusing on Cloud, Security, and Digital Infrastructure.
Positive Outlook
- Strong balance sheet
- Favorable mix of products and services
- Dedicated team of IT professionals
- Focus on high demand areas of Cloud, Security and Digital Infrastructure
- Diversified customer base with minimal exposure to industries hardest hit by the economic downturn
Challenges Ahead
- Duration and impact of the COVID-19 pandemic
- National and international political instability
- Reduction of vendor incentive programs
- Restrictions on access to capital
- Disruptions or a security breach in IT systems
Revenue & Expenses
Visualization of income flow from segment revenue to net income