ePlus Reports Fourth Quarter and Fiscal Year 2020 Financial Results
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ePlus (PLUS) Tops Q4 EPS by 29c, Revenues Beat
May 21, 2020 4:08 PM EDTePlus (NASDAQ: PLUS) reported Q4 EPS of $1.24, $0.29 better than the analyst estimate of $0.95. Revenue for the quarter came in at $366.5 million versus the consensus estimate of $354.6 million.
Fourth Quarter Ended March 31, 2020
Net sales increased 12.6% to $366.5 million; technology segment net sales increased 12.8% to $353.3 million; service revenues increased 8.6% to $48.9 million; financing segment net sales increased 7.8% to $13.2 million.Adjusted gross billings increased 8.8% to $514.1 million.Consolidated gross profit increased 13.0% to $91.8 million.Consolidated gross margin was 25.1%, an increase of 10 basis points.Net earnings decreased 12.0% to $13.2 million, reflecting $5.6 million of other income last... More