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Dec 31, 2022
ePlus Q3 2023 Earnings Report
Reported strong third quarter with significant revenue and earnings growth.
Key Takeaways
ePlus reported a strong third quarter, with net sales increasing by 26.0% to $623.5 million and net earnings increasing by 35.1% to $35.7 million. The company's performance was driven by robust customer demand in digital transformation, hybrid workforce, cloud solutions, and security.
Net sales increased 26.0% to $623.5 million.
Technology segment net sales increased 28.3% to $611.8 million.
Net earnings increased 35.1% to $35.7 million.
Net earnings per common share-diluted increased 36.7% to $1.34.
Forward Guidance
ePlus is well-positioned to capitalize on long-term growth trends, such as workplace transformation, cybersecurity, and cloud adoption, supported by a strong balance sheet and partnerships.
Positive Outlook
- Strong financial results in the third quarter
- Expanded portfolio of solutions and services
- Dedicated team
- Strength of balance sheet
- Extensive partnerships within the global IT market
Challenges Ahead
- National and international political instability
- Exposure to fluctuation in foreign currency rates, interest rates, and inflation
- Supply chain issues, including a shortage of IT products
- Ongoing remote work trends, and the increase in cybersecurity attacks
Historical Earnings Impact
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Avg. Return Before/After Earnings
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