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Jun 30, 2024
ePlus Q1 2025 Earnings Report
ePlus reported a decrease in net sales and net earnings compared to the same quarter last year, while experiencing growth in security and services.
Key Takeaways
ePlus's first quarter fiscal year 2025 saw a decrease in net sales by 5.2% to $544.5 million and a decrease in net earnings by 19.2% to $27.3 million. However, the company experienced strong growth in security and services, with managed services up 28%. The company ended the quarter with a strong cash position of $350 million.
Net sales decreased by 5.2% to $544.5 million compared to the same quarter last year.
Net earnings decreased by 19.2% to $27.3 million.
Managed service revenues increased 28.0% due to ongoing demand.
Cash and cash equivalents were $349.9 million, up from $253.0 million as of March 31, 2024.
Forward Guidance
ePlus is maintaining fiscal year 2025 guidance for net sales growth over the prior fiscal year of between 3% and 6%, and an adjusted EBITDA range of $200.0 million to $215.0 million.
Positive Outlook
- Adding new products and services.
- Benefiting from recent acquisitions.
- Deep customer and channel relationships.
- Investments across the organization to strengthen product and services offerings.
- Customized solutions to meet the evolving needs of customers.
Challenges Ahead
- Cannot predict the ultimate outcome of unusual gains and losses.
- The occurrence of matters creating GAAP tax impacts.
- Fluctuations in interest expense or interest income.
- Share-based compensation.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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