ePlus Reports Second Quarter and First Half Financial Results

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Go back to ePlus Reports Second Quarter and First Half Financial Results

ePlus (PLUS) Tops Q2 EPS by 27c, Revenues Beat

November 4, 2020 5:35 PM EST

ePlus (NASDAQ: PLUS) reported Q2 EPS of $1.48, $0.27 better than the analyst estimate of $1.21. Revenue for the quarter came in at $433.1 million versus the consensus estimate of $371.87 million.

Second Quarter Fiscal Year 2021

Net sales increased 5.2% to $433.1 million; technology segment net sales increased 5.4% to $419.4 million; service revenues increased 2.8% to $49.4 million.Adjusted gross billings increased 3.8% to $601.1 million.Consolidated gross profit decreased 3.9% to $99.0 million.Consolidated gross margin was 22.9%, a decrease of 210 basis points.Net earnings decreased 1.3% to $19.8 million.Adjusted EBITDA decreased 5.2% to $33.6 million.Diluted earnings per share decreased 2.0% to $1.48.... More