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ePlus
🇺🇸 NASDAQ:PLUS
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•
Mar 31, 2020

ePlus Q4 2020 Earnings Report

ePlus's Q4 performance was solid across key metrics, maintaining a strong balance sheet and liquidity position.

Key Takeaways

ePlus reported a 12.6% increase in net sales to $366.5 million, with technology segment net sales up 12.8% and service revenues up 8.6%. Adjusted EBITDA increased 20.0% to $23.5 million, while diluted earnings per share decreased to $0.99, and non-GAAP diluted earnings per share increased to $1.24.

Net sales increased 12.6% to $366.5 million.

Technology segment net sales increased 12.8% to $353.3 million.

Adjusted EBITDA increased 20.0% to $23.5 million.

Non-GAAP diluted earnings per share increased 20.4% to $1.24.

Total Revenue
$366M
Previous year: $325M
+12.6%
EPS
$0.62
Previous year: $0.52
+19.2%
Adjusted EBITDA
$23.5M
Gross Profit
$91.8M
Previous year: $81.3M
+13.0%
Cash and Equivalents
$86.2M
Previous year: $79.8M
+8.0%
Total Assets
$909M
Previous year: $786M
+15.6%

ePlus

ePlus

ePlus Revenue by Segment

Forward Guidance

ePlus is well positioned in the marketplace to provide digital infrastructure, cloud, and security solutions required by its customers, focusing on expanding services and innovating offerings to support remote workforces and secure customer infrastructure.

Positive Outlook

  • Strong balance sheet and resilient business model.
  • Continuing to innovate and develop offerings which support remote workforces.
  • Securing and optimizing customer’s network, data, cloud, and collaboration infrastructure.
  • Well-positioned to support the next phase of IT evolution.
  • Expanding services, including managed and helpdesk services, and cloud hosted offerings.

Challenges Ahead

  • The future is difficult to predict given the substantial impact of the pandemic on the overall economy.
  • Delayed or cancelled orders were mostly offset by new pandemic-related revenues, however the future is difficult to predict given the substantial impact of the pandemic on the overall economy.
  • Minimal exposure to the hardest-hit industries.
  • The duration and impact of the COVID-19 pandemic could materially adversely affect our financial condition and results of operations.
  • National and international political instability fostering uncertainty and volatility in the global economy including exposure to fluctuation in foreign currency rates, interest rates and downward pressure on prices.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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