ePlus (PLUS) Tops Q4 EPS by 22c, Revenues Miss
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ePlus Reports Fourth Quarter and Fiscal Year 2021 Financial Results
May 20, 2021 4:05 PM EDT--Strong Earnings Performance Demonstrates Resilience of Business Model--
Fourth Quarter Fiscal Year 2021
Net sales decreased 3.8% to $352.6 million; technology segment net sales decreased 6.1% to $331.8 million; service revenues increased 8.2% to $52.9 million. Adjusted gross billings increased 2.8% to $528.6 million. Consolidated gross profit increased 6.6% to $97.9 million. Consolidated gross margin was 27.8%, an increase of 270 basis points. Net earnings increased 17.4% to $15.6 million. Adjusted EBITDA increased 25.7% to $29.6 million. Diluted earnings per share increased 17.2% to $1.16. Non-GAAP diluted earnings per share increased 13.7% to $1.41.Fiscal Year 2021
Net sales decreased 1.3% to $1,568.3 million; technology segment net sales decreased... More