Every material Form 8-K ePlus filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
At its September 12, 2024 annual meeting, ePlus shareholders approved the 2024 Non-Employee Director Long-Term Incentive Plan, which replaces the 2017 plan and authorizes restricted stock grants to non-employee directors. Shareholders also elected seven directors, approved the advisory vote on executive compensation, and ratified Deloitte & Touche LLP as the independent auditor for fiscal 2025.
Director equity plan approved: 22,599,821 for, 1,092,102 against, 109,239 abstain, 941,413 broker non-votes
Renée Bergeron received 23,068,248 for and 732,914 withheld; Ben Xiang received the lowest support at 22,258,653 for and 1,542,509 withheld
Deloitte & Touche LLP ratified for fiscal 2025: 24,358,251 for, 373,394 against, 10,930 abstain
Holders of 92.02% of eligible shares were present in person or by proxy
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every ePlus filing is on SEC EDGAR ↗. 8-K briefs of other companies →