PLUS ePlus

ePlus inc., is provides information technology solutions that enable organizations to optimize their information technology (IT) environment and supply chain processes in the United States. It operates in two segments, Technology and Financing. The Technology segment offers hardware, perpetual and subscription software, maintenance, software assurance, and internally-provided and outsourced services; and advanced professional and managed services, including ePlus managed, professional, security, staff augmentation, server and desktop support, and project management services. The Financing segment specializes in arrangements, such as direct financing, sales-type, and operating leases; loans and consumption-based financing arrangements; and underwriting and management of IT equipment and assets. Its financing operations comprise sales, pricing, credit, contracts, accounting, risk management, and asset management. This segment primarily finances IT equipment, communication-related equipment, and medical equipment; and industrial machinery and equipment, office furniture and general office equipment, transportation equipment, and other general business equipment directly, as well as through vendors. ePlus inc. serves commercial entities, state and local governments, government contractors, and educational institutions The company was founded by Bruce M. Bowen in 1990 and is headquartered in Herndon, VA.
Company profile
Ticker
PLUS
Exchange
Website
CEO
Mark Marron
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
MLC HOLDINGS INC
SEC CIK
Corporate docs
IRS number
541817218
PLUS stock data
()
News
Stocks That Hit 52-Week Highs On Monday
8 Mar 21
Stocks Making New 52-Week Highs/Lows For Thursday, Feb. 4, 2021 (Via Benzinga Pro's Signals Tool)
4 Feb 21
Recap: ePlus Q3 Earnings
3 Feb 21
ePlus Q3 EPS $1.79 Beats $1.35 Estimate, Sales $427.60M Beat $391.37M Estimate
3 Feb 21
Earnings Scheduled For February 3, 2021
3 Feb 21
Press releases
ePlus Honored on the 2021 CRN® Tech Elite 250 List
31 Mar 21
ePlus to Present at the Sidoti & Company March 2021 Virtual Conference
17 Mar 21
ePlus Achieves AWS Storage Competency Status
26 Feb 21
ePlus Implements Cisco Contact Center as Foundation for Rowan University COVID Vaccine Distribution
25 Feb 21
IGXGlobal Successfully Renews Cisco Gold Certification
9 Feb 21
Calendar
3 Feb 21
13 Apr 21
31 Mar 22
Financial summary
Quarter (USD) |
Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) |
Mar 20 | Mar 19 | Mar 18 | Mar 17 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Financial data from ePlus earnings reports.
Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 86.46M | 86.46M | 86.46M | 86.46M | 86.46M | 86.46M |
Cash burn (monthly) | 24.87M | (positive/no burn) | (positive/no burn) | (positive/no burn) | 1.05M | (positive/no burn) |
Cash used (since last report) | 85.45M | n/a | n/a | n/a | 3.62M | n/a |
Cash remaining | 1.01M | n/a | n/a | n/a | 82.84M | n/a |
Runway (months of cash) | 0.0 | n/a | n/a | n/a | 78.5 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Apr 21 | Marron Mark P | Common Stock | Sell | Dispose S | Yes | Yes | 100.4094 | 41 | 4.12K | 30,305 |
5 Apr 21 | Marron Mark P | Common Stock | Sell | Dispose S | Yes | Yes | 99.6617 | 3,469 | 345.73K | 30,346 |
5 Apr 21 | Marron Mark P | Common Stock | Sell | Dispose S | Yes | Yes | 99.0868 | 2,740 | 271.5K | 33,815 |
5 Apr 21 | Raiguel Darren S | Common Stock | Sell | Dispose S | Yes | Yes | 99.9582 | 2,483 | 248.2K | 12,207 |
5 Apr 21 | Raiguel Darren S | Common Stock | Sell | Dispose S | Yes | Yes | 99.247 | 1,517 | 150.56K | 14,690 |
1 Apr 21 | Bowen Bruce M | Common Stock | Grant | Aquire A | No | No | 0 | 207 | 0 | 3,530 |
1 Apr 21 | Hovde Eric D | Common Stock | Grant | Aquire A | No | No | 0 | 207 | 0 | 29,321 |
3 Mar 21 | Raiguel Darren S | Common Stock | Sell | Dispose S | No | Yes | 100 | 2,000 | 200K | 44,184 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
92.4% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 159 |
Opened positions | 24 |
Closed positions | 15 |
Increased positions | 57 |
Reduced positions | 56 |
13F shares |
Current |
---|---|
Total value | 1.1B |
Total shares | 12.48M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
BLK Blackrock | 2.4M | $211.1M |
River Road Asset Management | 1.11M | $97.38M |
Vanguard | 943.79K | $83.01M |
Dimensional Fund Advisors | 700.12K | $61.57M |
AMP Ameriprise Financial | 694.58K | $61.09M |
Geneva Capital Management | 628.67K | $55.29M |
STT State Street | 434.01K | $38.17M |
Atlanta Capital Management Co L L C | 385.82K | $33.93M |
RY Royal Bank Of Canada | 351.56K | $30.92M |
NTRS Northern Trust | 341.59K | $30.04M |
Financial report summary
?Risks
- Actual or anticipated epidemics, pandemics, outbreaks, or other public health crises may adversely affect our customers’ financial condition and the operations of our business.
- General economic weakness may harm our operating results and financial condition.
- If we lost one or more of our large volume customers, our earnings may be affected.
- We depend on having creditworthy customers to avoid an adverse impact on our operating results and financial condition.
- The terms of our Credit Facility or lines of credit with our vendors or loss thereof may restrict our current and future operations, which could adversely affect our ability to respond to changes in our business and to manage our operations.
- We depend on third-party companies to perform certain of our obligations to our customers, which if not performed adequately could cause significant disruption to our business.
- Changes in the IT industry, customers’ usage or procurement of IT, and/or rapid changes in product standards may result in reduced demand for the IT hardware and software solutions and services we sell.
- We depend on continued innovations in hardware, software and services offerings by our vendors, as well as the competitiveness of their offerings and our ability to partner with new and emerging technology providers.
- We may fail to innovate or create new solutions which align with changing market and customer demand.
- We may experience a reduction in incentives offered to us and earned by us from our vendors that would affect our earnings.
- We may not have designed or maintained our IT systems or have adequate or competent IT personnel to support our business.
- Rising interest rates or the loss of key lenders or the constricting of credit markets may affect our future profitability and our ability to monetize our financing investments.
- Breaches of data security and the failure to protect our information technology systems from cybersecurity threats could adversely impact our business.
- We may be required to take impairment charges for goodwill or other intangible assets related to acquisitions.
- We may not be able to realize our entire investment in the equipment we lease.
- Our earnings may fluctuate, which could adversely affect the price of our common stock.
- Failure to comply with new laws or changes to existing laws may adversely impact our business.
- We face substantial competition from other companies.
- We may be liable for misuse of our customers’ or employees’ information.
- We may not adequately protect ourselves through our contract vehicles, or our insurance policies may not be adequate to address potential losses or claims.
- Failure to comply with our public-sector contracts or applicable laws and regulations could result in, among other things, termination, fines or other liabilities, and changes in procurement regulations could adversely impact our business.
- Loss of services by any of our executive officers or senior management and/or failure to successfully implement a succession plan could adversely affect our business.
- We may not be able to hire and/or retain personnel that we need.
- Our results of operations are subject to fluctuations in foreign currency.
- Changes in accounting standards, or the misapplication of current accounting standards, may adversely affect our future financial results.
- If we fail to perform sufficient due diligence prior to completing an acquisition, or entering into a strategic alliance, or fail to integrate a completed acquisition our earnings may be affected.
- If we publish inaccurate catalog content data, our business could suffer.
- If our proprietary software products contain defects, our business could suffer.
- We face risks of claims from third-parties for intellectual property infringement, including counterfeit products, that could harm our business.
- We may be unable to protect our intellectual property and costs to protect our intellectual property may affect our earnings.
- If securities analysts do not publish research or reports about our company, or if they issue unfavorable commentary about us or our industry or downgrade our common stock, the price of our common stock could decline.
- Future offerings of debt or equity securities, which would rank senior to our common stock, may adversely affect the market price of our common stock.
Management Discussion
- Net sales: Net sales for the year ended March 31, 2020, increased by $200.6 million, or 15.1%, to $1,530.1 million due to increases from customers in telecom, media and entertainment industry which was partially offset by a decrease in demand from SLED, financial services, and all the other category of customers. Product sales increased 13.3%, or $157.0 million, to $1,337.0 million and services revenues increased 29.2%, or $43.6 million, to $193.1 million due to an increase in staffing and professional and managed services primarily from the SLAIT acquisition.
- Adjusted gross billings increased to $2,227.9 million, or 16.1%, from $1,919.0 million in the prior year. The increase in adjusted gross billings was due, in part, to acquisitions as well as higher demand from our current customers. This increase was a higher percentage than that for the net sales increase due a shift in mix to more third-party maintenance, software assurance, subscriptions/SaaS licenses, and services where we recognize revenue on a net basis.
- We analyze sales by customer end market and by manufacturer. The percentage of net sales by industry and vendor are summarized below:
Content analysis
?
Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. sophomore Good
|
New words:
downturn, efficacy, enterprise, export, footprint, inoculated, joining, Northeast, region, salary, SMP, solution, stable, upstate, vaccination, vaccine, virtual, York
Removed:
escrow, exceeding, improvement, leave, offsetting, referendum, released, SLAIT
Financial reports
10-Q
2021 Q3
Quarterly report
3 Feb 21
10-Q
2021 Q2
Quarterly report
4 Nov 20
10-Q
2021 Q1
Quarterly report
5 Aug 20
10-K
2020 FY
Annual report
21 May 20
10-Q
2020 Q3
Quarterly report
5 Feb 20
10-Q
2020 Q2
Quarterly report
6 Nov 19
10-Q
2020 Q1
Quarterly report
7 Aug 19
10-K
2019 FY
Annual report
22 May 19
10-Q
2019 Q3
Quarterly report
7 Feb 19
10-Q
2019 Q2
Quarterly report
7 Nov 18
Current reports
8-K
Other Events
23 Mar 21
8-K
Double Digit Third Quarter Operating Income Growth on Steady Sales
5 Feb 21
8-K
Second Quarter Fiscal Year 2021
9 Nov 20
8-K
Submission of Matters to a Vote of Security Holders
15 Sep 20
8-K
Results of Operations and Financial Condition
11 Aug 20
8-K
Departure of Directors or Certain Officers
2 Jul 20
8-K
Results of Operations and Financial Condition
28 May 20
8-K
Entry into a Material Definitive Agreement
20 May 20
8-K
Entry into a Material Definitive Agreement
3 Apr 20
8-K
Third Quarter Fiscal Year 2020
10 Feb 20
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
12 Oct 18
S-8
Registration of securities for employees
24 Sep 17
S-8 POS
Registration of securities for employees (post-effective amendment)
24 Sep 17
424B4
Prospectus supplement with pricing info
30 Apr 14
FWP
Free writing prospectus
29 Apr 14
424B7
Prospectus with selling stockholder info
20 Apr 14
FWP
Free writing prospectus
20 Apr 14
S-3/A
Shelf registration (amended)
11 Feb 14
S-3
Shelf registration
20 Jan 14
S-8
Registration of securities for employees
25 Feb 13
Proxies
DEFA14A
Additional proxy soliciting materials
24 Jul 20
DEF 14A
Definitive proxy
24 Jul 20
DEFA14A
Additional proxy soliciting materials
26 Jul 19
DEF 14A
Definitive proxy
26 Jul 19
DEFA14A
Additional proxy soliciting materials
10 Aug 18
DEF 14A
Definitive proxy
24 Jul 18
DEFA14A
Additional proxy soliciting materials
24 Jul 18
DEFA14A
Additional proxy soliciting materials
6 Sep 17
DEF 14A
Definitive proxy
25 Jul 17
DEFA14A
Additional proxy soliciting materials
25 Jul 17
Other
UPLOAD
Letter from SEC
20 Feb 20
CORRESP
Correspondence with SEC
18 Feb 20
UPLOAD
Letter from SEC
4 Feb 20
UPLOAD
Letter from SEC
9 May 16
CORRESP
Correspondence with SEC
1 May 16
UPLOAD
Letter from SEC
18 Apr 16
CORRESP
Correspondence with SEC
28 Mar 16
CORRESP
Correspondence with SEC
13 Mar 16
UPLOAD
Letter from SEC
29 Feb 16
EFFECT
Notice of effectiveness
13 Feb 14
Ownership
4
EPLUS / DARREN S RAIGUEL ownership change
7 Apr 21
4
EPLUS / MARK P MARRON ownership change
7 Apr 21
4
EPLUS / ERIC D HOVDE ownership change
5 Apr 21
4
EPLUS / BRUCE M BOWEN ownership change
5 Apr 21
4
EPLUS / DARREN S RAIGUEL ownership change
4 Mar 21
4
EPLUS / John E Callies ownership change
16 Feb 21
SC 13G/A
EPLUS / DIMENSIONAL FUND ADVISORS ownership change
12 Feb 21
SC 13G
EPLUS / FIDUCIARY MANAGEMENT ownership change
12 Feb 21
SC 13G
EPLUS / AMERIPRISE FINANCIAL ownership change
12 Feb 21
SC 13G
EPLUS / River Road Asset Management ownership change
10 Feb 21
Transcripts
2021 Q3
Earnings call transcript
4 Feb 21
2021 Q2
Earnings call transcript
5 Nov 20
2021 Q1
Earnings call transcript
8 Aug 20
2020 Q4
Earnings call transcript
21 May 20
2020 Q3
Earnings call transcript
5 Feb 20
2020 Q2
Earnings call transcript
10 Nov 19
2020 Q1
Earnings call transcript
10 Aug 19
2019 Q4
Earnings call transcript
22 May 19
2019 Q3
Earnings call transcript
6 Feb 19
2019 Q2
Earnings call transcript
7 Nov 18
Reddit threads
Bloomberg Terminal
11 Apr 21
If you expect to become a multi-millionaire soon, take advantage NOW and save yourself from millions of dollars(or bananas) in taxes
11 Apr 21
Assets Have Tanked at Two of the World’s Biggest Short Sellers
10 Apr 21
Could we finally be getting the news we have been waiting for??? $OPTI sets new zoom conf call
9 Apr 21
Average WSB user
9 Apr 21
Good idea/bad idea?
9 Apr 21
$EEENF MEGATHREAD 4/6/2021
6 Apr 21
Daily Advice Thread - All basic help or advice questions must be posted here.
6 Apr 21
EEENF update: Re-evaluate your exit strategy
5 Apr 21
WSB discussion this weekend
5 Apr 21