Loading...
•
Mar 31, 2024
ePlus Q4 2024 Earnings Report
ePlus experienced double-digit net sales growth and a strong close to the year.
Key Takeaways
ePlus reported a 12.7% increase in net sales for the fourth quarter of fiscal year 2024, reaching $554.5 million. Technology business net sales increased by 12.6%, and services revenues increased by 14.8%. However, net earnings decreased by 33.1% to $22.0 million, and diluted net earnings per share decreased to $0.82.
Net sales increased by 12.7% to $554.5 million.
Technology business net sales increased by 12.6% to $544.1 million.
Net earnings decreased by 33.1% to $22.0 million.
The company is initiating fiscal year 2025 guidance for net sales growth between 3% and 6%.
ePlus
ePlus
ePlus Revenue by Segment
Revenue by Segment
Technology Business Revenue
CapyFin.comService Revenues Revenue
CapyFin.comFinancing Business Revenue
CapyFin.com Forward Guidance
ePlus is initiating fiscal year 2025 guidance for net sales growth over the prior fiscal year of between 3% and 6%, and an adjusted EBITDA range of $200.0 million to $215.0 million.
Positive Outlook
- ePlus is well-positioned to meet our customers’ evolving needs in areas including AI, cloud, security and consultative, professional, and managed services.
- Diversified across end markets and geographies
- Strong balance sheet to support our organic and acquisition growth initiatives.
- Strategic investments are enhancing our solid foundation
- Creating further differentiation, and positioning us to continue to drive long-term shareholder value.
Revenue & Expenses
Visualization of income flow from segment revenue to net income