ePlus Reports Third Quarter and First Nine Months Financial Results
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ePlus (PLUS) Tops Q3 EPS by 44c, Revenues Beat
February 3, 2021 4:23 PM ESTePlus (NASDAQ: PLUS) reported Q3 EPS of $1.79, $0.44 better than the analyst estimate of $1.35. Revenue for the quarter came in at $427.6 million versus the consensus estimate of $391.37 million.
Third Quarter Fiscal Year 2021
Net sales decreased 0.3% to $427.6 million; technology segment net sales increased 1.2% to $415.6 million; service revenues increased 3.3% to $52.1 million.Adjusted gross billings increased 0.3% to $587.8 million.Consolidated gross profit decreased 5.3% to $98.2 million.Consolidated gross margin was 23.0%, a decrease of 120 basis points.Net earnings increased 10.7% to $21.6 million.Adjusted EBITDA increased 8.0% to $34.4 million.Diluted... More