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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%.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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