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Dec 31, 2023
ePlus Q3 2024 Earnings Report
Net sales and net earnings decreased while gross margin increased.
Key Takeaways
ePlus reported a decrease in net sales by 18.4% to $509.1 million and a decrease in net earnings by 23.6% to $27.3 million. However, the consolidated gross margin increased by 410 bps to 26.3%.
Net sales decreased 18.4% to $509.1 million.
Technology business net sales decreased 19.2% to $494.2 million.
Services revenues increased 10.7% to $74.7 million.
Consolidated gross margin increased 410 bps to 26.3%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
ePlus expects to achieve the low end of its fiscal year 2024 revenue and adjusted EBITDA guidance ranges of $2.23 billion to $2.33 billion, and $200 million to $215 million, respectively.
Positive Outlook
- Continued improvement in the supply chain
- Enable the execution of previously delayed customer projects
- Focus on delivering superior solutions
- Focus on optimizing customer’s investments across the technology stack
- Balance growth across portfolio of innovative products and services
Challenges Ahead
- National and international political instability
- Volatility in the global economy
- Exposure to fluctuation in foreign currency rates, interest rates, and inflation
- Significant adverse changes in, reductions in, or loss of one or more of our larger volume customers or vendors
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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