Flash FinanceUS
Market closed · weekend S&P 5007,376.86+0.31% Nasdaq24,579.42+1.09% Dow 3051,285.73-0.46% Russell 20002,754.11+0.89% Nasdaq-10026,989.99+1.35% MidCap 4003,602.50+0.56% SmallCap 6001,673.98+0.05% VIX25.64-9.01% 10Y Yield4.86+0.45% Close of Nov 06, 2026
AI brief of an SEC Form 8-K · ePlus (PLUS)

ePlus Q2 net sales fell 12.3% to $515.2 million; net earnings fell 4.1% to $31.3 million

Negative Impact 3 of 5 earnings Written later

ePlus reported fiscal second-quarter results for the three months ended September 30, 2024, with net sales down 12.3% and diluted earnings per share down to $1.17 from $1.22. Consolidated gross profit rose 2.5%, helped by services and financing revenue, and the company now expects fiscal 2025 net sales similar to fiscal 2024 and adjusted EBITDA of $195 million to $205 million.

Key points

  • Q2 net sales fell 12.3% to $515.2 million; product sales fell 22.2% to $389.6 million, while services revenue rose 46.0% to $103.7 million
  • Consolidated gross profit rose 2.5% to $148.0 million, and gross margin was 28.7%, compared with 24.6% a year earlier
  • Net earnings fell 4.1% to $31.3 million; adjusted EBITDA fell 2.7% to $52.1 million
  • Fiscal 2025 guidance: net sales now expected to be similar to fiscal 2024; adjusted EBITDA now expected at $195 million to $205 million

The filing

CompanyePlus (PLUS)
Form8-K, current report
Filed with the SECNov 12, 2024, 4:17 PM ET
Accession number0001022408-24-000091

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 12, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.