ePlus (PLUS) Tops Q3 EPS by 44c, Revenues Beat
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ePlus Reports Third Quarter and First Nine Months Financial Results
February 3, 2021 4:05 PM ESTDouble Digit Third Quarter Operating Income Growth on Steady Sales
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 earnings per share increased 11.0% to $1.62. Non-GAAP diluted earnings per share increased 9.1% to $1.79.First Nine Months Fiscal Year 2021
Net sales... More