ePlus (PLUS) Tops Q4 EPS by 25c
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ePlus Reports Fourth Quarter and Fiscal 2016 Results
May 25, 2016 4:05 PM EDTFourth Quarter Ended March 31, 2016
Net sales increased 12.0% to $299.4 million; technology segment net sales increased 12.9% to $292.2 million.Adjusted gross billings of product and services increased 17.4% to $399.1 million.Gross margin on sales of product and services expanded 60 basis points to 20.6%; consolidated gross margin increased 40 basis points to 22.4%.Net earnings increased 11.8% to $10.0 million.Adjusted EBITDA increased 11.8% to $18.2 million.Diluted earnings per share increased 11.5% to $1.36. Â Non-GAAP diluted earnings per share increased 15.0% to $1.46.Fiscal Year 2016
Net sales increased 5.3% to $1.20 billion; technology segment net sales increased 5.5% to... More