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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%.
ePlus
ePlus
ePlus Revenue by Segment
ePlus Revenue by Geographic Location
Revenue by Segment
Technology Business Revenue
CapyFin.comService Revenues Revenue
CapyFin.comFinancing Business Revenue
CapyFin.comProduct Sales Revenue
CapyFin.comProfessional Services Revenue
CapyFin.comManaged Services Revenue
CapyFin.comRevenue by Geographic Location
Telecom, Media, & Entertainment Revenue
CapyFin.comSLED Revenue
CapyFin.comTechnology Revenue
CapyFin.comHealthcare Revenue
CapyFin.comFinancial Services Revenue
CapyFin.comAll Other Revenue
CapyFin.com 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
- Supply chain issues, including a shortage of Information Technology (IT) products
Revenue & Expenses
Visualization of income flow from segment revenue to net income