Provides support throughout the AI journey to assess and build infrastructures that provide scalable processing performance, data management, and security HERNDON, Va., Feb. 1, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS) (news) today announced the availability of AI Ignite, a comprehensive suite of AI Solutions and Services designed to help organizations at any stage of their AI Journey to assess, enable, secure, implement and amplify the use of AI technologies. Whether an organization is AI Curious, ...

Acquisition of data center focused solutions provider strengthens ePlus' market presence in Mountain West HERNDON, Va., Jan. 29, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has acquired certain assets of PEAK Resources, Inc. (PEAK). Based in Denver, CO, one of the fastest growing metro areas in the U.S., PEAK has built a reputation as one of the top IT Solution Providers in the region. PEAK's customer-centric approach focuses on delivering professional services, data ce ...

Company will participate in AI, Cybersecurity and SEC/corporate governance priorities HERNDON, Va., Jan. 17, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced its membership in the U.S. Chamber of Commerce as well as its participation in the Chamber's AI, Cybersecurity and SEC/corporate governance priorities. The U.S. Chamber of Commerce is the world's largest business organization representing companies of all sizes across every sector of the economy. Its members range from small bu ...

STEM Program Grows to Include 10 Schools Across the U.S. HERNDON, Va., Jan. 16, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced the launch of its 2024 GRIT: Girls Re-Imagining Tomorrow® (GRIT) program across the U.S.  GRIT is focused on providing middle and high school girls with consistent education, exposure and opportunities across the technology industry, has expanded this year to include 10 schools across California, Minnesota, New Jersey, North Carolina, Texas, and Virginia. ...

ePlus, Inc. (NASDAQ:PLUS) Q2 2024 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Kley Parkhurst - Senior Vice President Mark Marron - President and CEO Darren Raiguel - President and COO of ePlus Technology, Inc. Elaine Marion - CFO Erica Stoecker - General Counsel Conference Call Participants Maggie Nolan - William Blair Gregory Burns - Sidoti & Company Matthew Sheerin - Stifel Operator Good day, ladies and gentlemen. Welcome to the ePlus Earnings Results Conference Call. As a re ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 13595 Dulles Technology Drive, Herndon, VA 20171-3413 (Address, including zip code, of principal executive offices) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...

Financial Data and Key Metrics Changes - The company reported a consolidated net sales increase of 25.3% to $574.2 million, with technology business net sales growing 26% to $565.7 million [78][46] - Adjusted EBITDA rose 41% to $53.9 million, and diluted EPS improved 51% to $1.27 per share compared to the same period last year [56][68] - Gross profit increased 25.3% to $142.3 million, with a consolidated gross margin of 24.8% [66] Business Line Data and Key Metrics Changes - In the product segment, revenues increased by 29.2% to $498.2 million, driven by strong sales of networking products [3] - Managed services segment revenue grew 23.2% to $32 million, supported by enhanced maintenance support and security operation center services [3][61] - Professional services segment revenue declined 4.3% to $35.6 million due to reduced demand for staff augmentation services [80] Market Data and Key Metrics Changes - The technology business saw broad-based demand across key end markets, with telecom, media, and entertainment, and technology being the largest markets, representing 26% and 19% of net sales, respectively [81] - Networking gross billings increased 67%, while security product gross billings rose 24% year-over-year [59][60] - Managed services revenues increased 23.2% year-over-year, with a CAGR of 24.1% over the last five years [63] Company Strategy and Development Direction - The company remains focused on building long-term shareholder value through a growth strategy and efficient capital allocation, with acquisitions being a fundamental component of this strategy [7][65] - The company plans to invest in areas such as artificial intelligence, which is seen as an emerging growth driver [22][48] - The introduction of new operating segments aims to provide better granularity for modeling and understanding growth rates and margins [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver sales growth in fiscal 2024 that exceeds projected growth in the IT spending market, despite economic uncertainties [70][100] - The company noted that while there are longer deal cycles due to economic uncertainty, they believe they will continue to pace the IT spend market [100] - Management highlighted the importance of supply chain improvements and the successful execution of their land and expand strategy as key drivers of growth [39][56] Other Important Information - The company’s cash conversion cycle improved to 48 days from 59 days at the end of March 2023 [69] - The effective tax rate was 27.2% in the first quarter of fiscal 2024, slightly down from 28% in the previous year [52] Q&A Session Summary Question: Can you provide insights on your pipeline and backlog? - Management indicated that the backlog is still elevated compared to pre-COVID levels, although it decreased by $60 million sequentially [94] Question: What are the assumptions behind your guidance? - The guidance reflects a conservative approach due to tough comparisons from the previous year and the impact of supply chain easing [102][84] Question: Are you seeing any signs of caution in customer spending? - Management noted that while there is some economic uncertainty, they believe demand for their products and services remains strong [100]

Part I. Financial Information [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) Unaudited consolidated financial statements for the three months ended June 30, 2023, show significant growth in revenue and net earnings, with total assets increasing to **$1.68 billion** and a strategic reorganization of the technology segment Consolidated Statements of Operations Highlights (Three Months Ended June 30) | Metric | 2023 (in thousands) | 2022 (in thousands) | YoY Change | | :--- | :--- | :--- | :--- | | **Total Net Sales** | $574,175 | $458,359 | +25.3% | | Gross Profit | $142,273 | $113,523 | +25.3% | | Operating Income | $46,332 | $33,183 | +39.6% | | **Net Earnings** | $33,847 | $22,339 | +51.5% | | Diluted EPS | $1.27 | $0.84 | +51.2% | Consolidated Balance Sheet Highlights | Metric | June 30, 2023 (in thousands) | March 31, 2023 (in thousands) | Change | | :--- | :--- | :--- | :--- | | Total Current Assets | $1,276,133 | $1,095,130 | +16.5% | | Goodwill | $158,280 | $136,105 | +16.3% | | **Total Assets** | **$1,680,806** | **$1,414,826** | **+18.8%** | | Total Current Liabilities | $800,786 | $561,326 | +42.7% | | **Total Liabilities** | **$867,515** | **$632,561** | **+37.1%** | | Total Stockholders' Equity | $813,291 | $782,265 | +4.0% | - The company strategically split its technology segment into product, professional services, and managed services to better manage and allocate resources, effective June 30, 2023[29](index=29&type=chunk)[102](index=102&type=chunk) - ePlus acquired Network Solutions Group (NSG) for **$48.6 million** on April 30, 2023, recognizing **$22.1 million** in goodwill and **$30.0 million** in intangible assets[97](index=97&type=chunk)[98](index=98&type=chunk)[99](index=99&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=29&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Strong first-quarter fiscal 2024 performance, driven by increased customer demand and acquisitions, resulted in **25.3%** net sales growth to **$574.2 million** and a **51.5%** increase in net earnings to **$33.8 million**, despite ongoing economic and supply chain challenges Consolidated Results of Operations (Three Months Ended June 30) | Metric | 2023 | 2022 | % Change | | :--- | :--- | :--- | :--- | | Net Sales | $574.2M | $458.4M | +25.3% | | Gross Profit | $142.3M | $113.5M | +25.3% | | Operating Income | $46.3M | $33.2M | +39.6% | | Adjusted EBITDA | $53.9M | $38.3M | +40.7% | - Key business trends include general economic concerns, IT product shortages, and a customer focus on security, cloud solutions, and legacy application modernization[116](index=116&type=chunk) Technology Business Net Sales by Type (Three Months Ended June 30) | Type | 2023 (in thousands) | 2022 (in thousands) | % Change | | :--- | :--- | :--- | :--- | | Networking | $245,188 | $142,641 | +71.9% | | Cloud | $172,044 | $164,733 | +4.4% | | Security | $45,796 | $47,995 | -4.6% | | Professional Services | $35,556 | $37,168 | -4.3% | | Managed Services | $31,963 | $25,941 | +23.2% | - The Technology business's cash conversion cycle increased to **48 days** from **44 days**, primarily due to increases in Days Sales Outstanding (DSO) and Days Inventory Outstanding (DIO)[179](index=179&type=chunk)[180](index=180&type=chunk) Cash Flow Summary (Three Months Ended June 30) | Cash Flow Activity | 2023 (in thousands) | 2022 (in thousands) | | :--- | :--- | :--- | | Net cash used in operating activities | $(20,900) | $(102,943) | | Net cash used in investing activities | $(63,097) | $(1,692) | | Net cash provided by financing activities | $82,605 | $31,111 | [Quantitative and Qualitative Disclosures About Market Risk](index=47&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks primarily from fluctuations in short-term interest rates on its variable-rate credit facility and foreign currency exchange rates from international operations, though the latter has not been significant to date - The company's primary market risks stem from interest rate fluctuations on its variable-rate WFCDF Credit Facility and foreign currency exposure from international operations[203](index=203&type=chunk)[204](index=204&type=chunk) [Controls and Procedures](index=47&type=section&id=Item%204.%20Controls%20and%20Procedures) Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of June 30, 2023, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded the company's disclosure controls and procedures were effective as of June 30, 2023[205](index=205&type=chunk) - No material changes to internal control over financial reporting were identified during the quarter[206](index=206&type=chunk) Part II. Other Information [Legal Proceedings](index=48&type=section&id=Item%201.%20Legal%20Proceedings) The company is involved in various legal proceedings arising from normal business operations but does not anticipate material losses beyond amounts already recognized as of June 30, 2023 - The company is involved in various legal proceedings from normal business operations but does not expect material losses beyond what has been accrued as of June 30, 2023[79](index=79&type=chunk)[209](index=209&type=chunk) [Risk Factors](index=48&type=section&id=Item%201A.%20Risk%20Factors) No material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the fiscal year ended March 31, 2023, were reported - No material changes to the company's risk factors were reported for the quarter[210](index=210&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=48&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) During the three months ended June 30, 2023, the company repurchased **147,486** shares of common stock, including **93,541** shares under publicly announced plans and **53,945** shares for tax withholding obligations Common Stock Purchases (Three Months Ended June 30, 2023) | Period | Total Shares Purchased | Average Price Paid per Share | Shares Purchased as Part of Plan | | :--- | :--- | :--- | :--- | | April 2023 | 40,180 | $48.14 | 40,180 | | May 2023 | 47,685 | $44.43 | 47,685 | | June 2023 | 59,621 | $55.64 | 5,676 | | **Total** | **147,486** | **-** | **93,541** | - A new share repurchase plan authorizing the repurchase of up to **1,000,000** shares became effective on May 28, 2023, for a 12-month period[83](index=83&type=chunk)[212](index=212&type=chunk) [Other Information](index=49&type=section&id=Item%205.%20Other%20Information) No directors or officers adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the quarter ended June 30, 2023 - No directors or officers adopted or terminated any Rule 10b5-1 or non-Rule 10b5-1 trading plans during the quarter[215](index=215&type=chunk)

ePlus inc. (NASDAQ:PLUS) Q4 2023 Results Conference Call May 24, 2023 4:30 PM ET Company Participants Kley Parkhurst - Senior Vice President Mark Marron - Chief Executive Officer & President Elaine Marion - Chief Financial Officer Erica Stoecker - General Counsel Conference Call Participants Jesse Wilson - William Blair Greg Burns - Sidoti Matt Sheerin - Stifel Operator Good day, ladies and gentlemen, and welcome to the ePlus Earnings Results Conference Call. As a reminder, this conference is being recorded ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___to___. Commission file number: 1-34167 ePlus inc. (Exact name of registrant as specified in its charter) Delaware 54-1817218 (State or other jurisdiction of incorporation or ...