ePlus (PLUS)

ePlus is a leading consultative technology solutions provider that helps customers imagine, implement, and achieve more from their technology. With the highest certifications from top technology partners and lifecycle services expertise across key areas including security, cloud, data center, collaboration, networking and emerging technologies, ePlus transforms IT from a cost center to a business enabler. Founded in 1990, ePlus has more than 1,400 associates serving a diverse set of customers in the U.S., Europe, and Asia-Pac. The Company is headquartered at 13595 Dulles Technology Drive, Herndon, VA, 20171.

Company profile

Ticker

PLUS

Exchange

NASDAQ

Website

www.eplus.com

CEO

Mark Marron

Incorporated

Delaware

Location

Virginia

Fiscal year end

Mar 31

Sector

Wholesale Trade > Business to Business Electronic Markets

Industry (SIC)

Wholesale - Computers & Peripheral Equipment & Software

Hewlett Packard Enterprise • Tech Data • TD Synnex • Scansource • Wayside Technology • Presidio • SmartCard Marketing Systems • Direct Communication Solutions ...

Former names

MLC HOLDINGS INC

SEC CIK

0001022408

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

ePlus Technology Canada, inc. • ePlus Canada Company ...

IRS number

541817218

PLUS stock data

1M 1Y 5Y

News

From Benzinga Pro

ePlus Return on Invested Capital Insights

11 Aug 22

ePlus Q1 Adj. EPS $0.99 Beats $0.98 Estimate, Sales $458.36M Miss $468.13M Estimate

3 Aug 22

ePlus (NASDAQ:PLUS) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.98 by 1.02 percent. This is a 1.02 percent increase over earnings of $0.98 per share from the same period

Recap: ePlus Q1 Earnings

3 Aug 22

ePlus (NASDAQ:PLUS) reported its Q1 earnings results on Wednesday, August 3, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings ePlus beat estimated earnings by 1.02%, reporting an EPS of $0.99 versus an estimate of $0.98.

Earnings Scheduled For August 3, 2022

3 Aug 22

ePlus Acquires Future Com; Terms Not Disclosed

18 Jul 22

Press releases

From Benzinga Pro

ePlus Reports First Quarter Financial Results

3 Aug 22

-Double Digit Top-Line Growth Driven by Solid Demand for Technology Offerings- First Quarter Fiscal Year 2023 Net sales increased 10.0% to $458.4 million; technology segment net sales increased 12.1% to $448.8 million;

ePlus Announces Microsoft Azure Cloud Managed Services General Availability

28 Jul 22

Extends support throughout the entire lifecycle of cloud adoption HERNDON, Va., July 28, 2022 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS) (news) today announced the general availability of ePlus Cloud Managed Services

ePlus Announces First Quarter Fiscal Year 2023 Earnings Release Date and Conference Call

27 Jul 22

HERNDON, Va., July 27, 2022 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on August 3, 2022, it will release earnings and host a conference call regarding its financial results for the three

ePlus Acquires Future Com

18 Jul 22

ePlus Awarded North America Channel Services Delivery Excellence Partner of the Year and Server Excellence Partner of the Year

7 Jun 22

Calendar

3 Aug 22

18 Aug 22

31 Mar 23

Financial summary

Financial statements Chart PLUS financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 22	Mar 21	Mar 20	Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	83.49M	83.49M	83.49M	83.49M	83.49M	83.49M
Cash burn (monthly)	23.96M	862.67K	(no burn)	(no burn)	34.31M	4.86M
Cash used (since last report)	39.5M	1.42M	n/a	n/a	56.57M	8.02M
Cash remaining	43.98M	82.07M	n/a	n/a	26.92M	75.47M
Runway (months of cash)	1.8	95.1	n/a	n/a	0.8	15.5

Beta Read what these cash burn values mean

Financial data from ePlus earnings reports.

Recent insider trades

PLUS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
1 Jul 22	Bowen Bruce M	Common Stock	Grant	Acquire A	No	No	0	408	0	4,278
1 Jul 22	Hovde Eric D	Common Stock	Grant	Acquire A	No	No	0	408	0	52,348
16 Jun 22	Marion Elaine D	Common Stock	Payment of exercise	Dispose F	No	No	56.75	4,390	249.13K	67,984
16 Jun 22	Marron Mark P	Common Stock	Payment of exercise	Dispose F	No	No	56.75	7,526	427.1K	111,790
16 Jun 22	Raiguel Darren S	Common Stock	Payment of exercise	Dispose F	No	No	56.75	4,390	249.13K	67,984
15 Jun 22	Marion Elaine D	Common Stock	Payment of exercise	Dispose F	No	No	55.51	2,636	146.32K	72,374
15 Jun 22	Marron Mark P	Common Stock	Payment of exercise	Dispose F	No	No	55.51	6,313	350.43K	119,316
15 Jun 22	Raiguel Darren S	Common Stock	Payment of exercise	Dispose F	No	No	55.51	2,636	146.32K	72,374

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q2 2022

PLUS institutional ownership history Ownership history

93.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	179	181	-1.1%
Opened positions	21	16	+31.3%
Closed positions	23	17	+35.3%
Increased positions	54	73	-26.0%
Reduced positions	76	62	+22.6%

13F shares	Current	Prev Q	Change
Total value	1.34B	1.4B	-4.3%
Total shares	25.24M	24.98M	+1.0%
Total puts	0	0
Total calls	600	4.3K	-86.0%
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	5.06M	$268.92M	-1.6%
Vanguard	2.02M	$107.37M	+2.2%
River Road Asset Management	1.85M	$98.28M	-2.1%
Dimensional Fund Advisors	1.4M	$74.23M	+0.1%
Geneva Capital Management	1.32M	$70.29M	+13.7%
STT State Street	992.24K	$52.71M	+0.1%
Wellington Management	957.05K	$50.84M	+80.0%
AltraVue Capital	816.64K	$43.38M	-0.3%
WCM Investment Management	792.27K	$41.86M	-22.8%
Atlanta Capital Management Co L L C	643.85K	$34.2M	-4.8%

Largest transactions	Shares	Bought/sold	Change
Wellington Management	957.05K	+425.39K	+80.0%
WCM Investment Management	792.27K	-234.44K	-22.8%
WFC Wells Fargo & Co.	248.76K	+208.46K	+517.3%
Geneva Capital Management	1.32M	+159.36K	+13.7%
Capital Research Global Investors	454.9K	+150.1K	+49.2%
GS Goldman Sachs	256.98K	+136.39K	+113.1%
Parametric Portfolio Associates	0	-100.3K	EXIT
MS Morgan Stanley	208.44K	+93.77K	+81.8%
BLK Blackrock	5.06M	-79.82K	-1.6%
IVZ Invesco	286.82K	+77.88K	+37.3%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

Net sales: Net sales for the year ended March 31, 2022, increased by $225.1 million, or 14.9%, to $1,733.0 million due to an increase in net sales to our customers in telecom, media and entertainment, healthcare, and smaller other categories of customers, which were offset by a decrease in net sales to customers in the financial services sector. Product sales increased 14.3%, or $186.6 million, to $1,492.4 million and services revenues increased 19.0%, or $38.5 million, to $240.6 million due to an increase in professional services for the year ended March 31, 2022, as compared to the prior year.
Adjusted gross billings increased to $2,620.6 million, or 15.8%, from $2,263.9 million in the prior year. The increase in Adjusted gross billings was due to an increase in organic demand from our customers in the telecom, media and entertainment, healthcare, and smaller other categories of customers, and our acquisition of Systems Management and Planning, Inc. (“SMP”) in December 2020.
We analyze sales by customer end market and by manufacturer. The percentage of net sales by customer end market and by vendor are summarized below:

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. sophomore Good

New words: attain, bolstering, complexity, consuming, COVID, cyber, cybersecurity, deployment, digital, dollar, facing, fueling, growing, immunization, incomplete, legacy, lengthen, past, practice, preliminary, privacy, remotely, resale, small, statutory, technical, transformation, twelve, unrest

Removed: achieved, acquiree, actively, adjust, adjusting, adjustment, allocation, assembled, assumed, attributable, border, collaborative, collect, committed, concert, configuration, continually, continuity, country, customary, decision, deductible, delayed, depend, determine, disposition, distancing, distributed, documentation, enterprise, escrow, execute, extent, footprint, forward, globe, guidance, headcount, health, impacted, implemented, imposing, Indian, inoculated, insignificant, interrupted, largest, leaving, leverage, life, Likewise, line, logistical, maximize, medical, mine, monetize, mutual, nationwide, negatively, Northeast, page, people, phase, physical, positive, predict, pressure, procedure, proportion, rapidly, received, recession, relation, relationship, released, reliably, requiring, responsive, resulted, returning, review, safety, scope, separate, shift, smaller, SMP, social, society, solution, succession, sum, supporting, team, unprecedented, unpredictable, upkeep, upstate, variability, varying, video, virtual, voluntary, widespread, withheld, workforce, York

From filing 10-Q 2023 Q1

Financial reports

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