ePlus (PLUS) Tops Q4 EPS by 29c, Revenues Beat
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ePlus Reports Fourth Quarter and Fiscal Year 2020 Financial Results
May 21, 2020 4:05 PM EDT--Solid Fourth Quarter Performance Across Key Metrics--
--Strong Balance Sheet and Liquidity Position--
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 year. Adjusted EBITDA increased 20.0% to $23.5 million. Diluted earnings per... More