ePlus Q2 2023 Earnings Report
Key Takeaways
ePlus inc. reported a 7.8% increase in net sales to $493.7 million and an 8.4% increase in consolidated gross profit to $133.3 million. However, net earnings decreased by 9.4% to $28.5 million, and diluted earnings per share decreased by 8.5% to $1.07. The company's adjusted EBITDA saw a slight increase of 0.2% to $50.3 million.
Net sales increased by 7.8% to $493.7 million.
Consolidated gross profit increased by 8.4% to $133.3 million.
Net earnings decreased by 9.4% to $28.5 million.
Diluted earnings per share decreased 8.5% to $1.07.
ePlus
ePlus
ePlus Revenue by Segment
Forward Guidance
ePlus is confident in its ability to capture IT spend despite economic uncertainties, citing strong open orders and backlog, though supply chain constraints remain a persistent challenge.
Positive Outlook
- Well positioned to capture IT spend.
- Open orders remain strong.
- Backlog remains strong.
- Leveraging extensive vendor network.
- Offering innovative alternative solutions.
Challenges Ahead
- Subject to supply chain constraints.
- Supply chain constraints affect product revenues.
- Supply chain constraints affect services revenues.
- Broader economic uncertainties.
- Persistent supply chain challenges.
Revenue & Expenses
Visualization of income flow from segment revenue to net income