ePlus inc., through its subsidiaries, 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 professional and managed services, including ePlus managed, professional, security, ePlus Cloud Consulting, staff augmentation, server and desktop support, and project management services. The Financing segment specializes in leasing and financing arrangements, such as 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, communication-related, 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 formerly known as MLC Holdings, Inc. and changed its name to ePlus inc. in 1999. ePlus inc. was founded in 1990 and is headquartered in Herndon, Virginia.
IPO Year: 1996
Exchange: NASDAQ
Website: eplus.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/8/2024 | $83.00 | Buy → Neutral | Sidoti |
| 8/5/2021 | $104.00 → $121.00 | Neutral → Buy | Sidoti & Co. |
| 8/5/2021 | Neutral → Buy | Sidoti |
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STEM Program Seeks to Boost Girls' Interest in Technology Careers HERNDON, Va., Feb. 6, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced the launch of its 2025 GRIT: Girls Re-Imagining Tomorrow® (GRIT) program across the U.S. GRIT provides middle and high school girls with exposure to mentoring, learning and engagement opportunities that are intended to foster interest in cybersecurity, AI and other areas of technology. This year's GRIT program includes more than 100 girls from seven schools across California, Minnesota, North Carolina, Texas, and Virg
Third Quarter Gross Profit Increased 5.3% And Gross Margin Expanded Year Over Year Third Quarter Fiscal Year 2025 • Net sales increased 0.4% to $511.0 million; technology business net sales declined 0.2% to $493.1 million; service revenues increased 52.2% to $113.6 million. • Technology business gross billings increased 6.6% to $849.5 million. • Consolidated gross profit increased 5.3% to $140.9 million. • Consolidated gross margin was 27.6%, compared with 26.3% last year. • Net earnings decreased 11.5% to $24.1 million. • Adjusted EBITDA decreased 15.2% to $39.1 million. • Diluted earnings per share decreased 10.8% to $0
Cloud-native solution leverages AI and machine learning to deliver exceptional user experiences and simplified IT operations HERNDON, Va., Feb. 4, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ: PLUS – news) today announced that it has expanded its Managed Services portfolio with proactive monitoring, management, and support for Juniper Mist wireless, wired, and SD-WAN infrastructure devices. The offering complements ePlus' current best-of-breed infrastructure monitoring with Juniper Marvis AI virtual network assistant capabilities to enable 24x7x365 performance and availability along with event remediation and incident isolation. By leveraging Juniper Mist Premium Analytics for comprehensive netwo
HERNDON, Va., Jan. 29, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on February 5, 2025, it will release earnings and host a conference call regarding its financial results for the three and nine months ended December 31, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date:Time: Audio Webcast (Live & Replay): February 5, 20254:30 p.m. EThttps://events.q4inc.com/attendee/412924671 Live Call: (888) 596-4144 (toll-free/domestic)(646) 968-2525 (internation
76% of IT leaders believe their organizations have yet to achieve AI maturity, highlighting a significant gap in meeting AI goals HERNDON, Va., Jan. 29, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ: PLUS – news) today revealed the launch of its inaugural AI Readiness survey, which reveals critical insights into the current state of AI adoption and the universal challenges faced by organizations across sectors. The survey, which polled 200 IT professionals during The 2024 AI Summit New York, highlights the ongoing correlation between AI investments and overall return on investment, with a focus on the key obstacles companies continue to face.
HERNDON, Va., Jan. 7, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ:PLUS) (news) today announced that Melissa Ballenger, Adjunct Professor at the Raymond A. Mason School of Business at William & Mary, has been appointed as a member of its Board of Directors. Ms. Ballenger has also been appointed as a member of the Audit Committee of the ePlus Board of Directors. From 2020 to 2023, Ms. Ballenger served as the Chief Financial Officer of Mosaic, a financial technology platform for sustainable home improvements. From 2019 to 2020 she served as the Chief Financial Officer of Cross River
As-a-Service Artificial Intelligence solution helps support GenAI use cases by building a business proof of concept for transformation and speeding AI adoption HERNDON, Va., Dec. 17, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced its Secure GenAI Accelerator offering. Part of the ePlus AI Ignite portfolio, this hosted proof of concept (POC) engagement allows organizations to test a private Generative AI (GenAI) chatbot to explore and refine ideas, use metrics to identify key insights, and make informed decisions to facilitate adopting GenAI quickly and securely.
HERNDON, Va., Dec. 4, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has successfully achieved its multi-site ISO 9001 recertification for another three years, covering calendar years 2025 to 2028. The new ISO 9001 recertification includes ePlus' U.S.-based configuration centers which include central functions such as procurement, order processing, warehouse and logistics, multi-vendor integration, competence and training, internal audit, and administration and improvement of its Quality Management System (QMS). The ISO 9001 also establishes
Second Quarter Gross Profit And Gross Margin Improved Year Over Year Second Quarter Fiscal Year 2025 • Net sales decreased 12.3% to $515.2 million; technology business net sales decreased 13.8% to $493.3 million; service revenues increased 46.0% to $103.7 million. • Technology business gross billings decreased 5.6% to $808.2 million. • Consolidated gross profit increased 2.5% to $148.0 million. • Consolidated gross margin was 28.7%, compared with 24.6% last year. • Net earnings decreased 4.1% to $31.3 million. • Adjusted EBITDA decreased 2.7% to $52.1 million. • Diluted earnings per share decreased 4.1% to $1.17. Non-GAAP
HERNDON, Va., Nov. 8, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on November 12, 2024, it will release earnings and host a conference call regarding its financial results for the three and six months ended September 30, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: November 12, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/569325154 Live Call: (888) 596-4144 (toll-free/domestic)(646) 968-2525 (internationa
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HERNDON, Va., May 9, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced Binary Defense as a new Tier 2 Managed Detection and Response (MDR) partner for ePlus. Binary Defense collaborates closely with organizations by customizing its MDR solution to meet their specific needs, including security posture, individual risks, and business priorities. Through the combination of its unique Open XDR strategy and attacker mindset, Binary Defense delivers accelerated detection, investigation, and response capabilities for its customers, providing actionable insight
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 businesses and local chambers of commerce to leading industry association
Third Quarter Gross Profit Increased 5.3% And Gross Margin Expanded Year Over Year Third Quarter Fiscal Year 2025 • Net sales increased 0.4% to $511.0 million; technology business net sales declined 0.2% to $493.1 million; service revenues increased 52.2% to $113.6 million. • Technology business gross billings increased 6.6% to $849.5 million. • Consolidated gross profit increased 5.3% to $140.9 million. • Consolidated gross margin was 27.6%, compared with 26.3% last year. • Net earnings decreased 11.5% to $24.1 million. • Adjusted EBITDA decreased 15.2% to $39.1 million. • Diluted earnings per share decreased 10.8% to $0
HERNDON, Va., Jan. 29, 2025 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on February 5, 2025, it will release earnings and host a conference call regarding its financial results for the three and nine months ended December 31, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date:Time: Audio Webcast (Live & Replay): February 5, 20254:30 p.m. EThttps://events.q4inc.com/attendee/412924671 Live Call: (888) 596-4144 (toll-free/domestic)(646) 968-2525 (internation
Second Quarter Gross Profit And Gross Margin Improved Year Over Year Second Quarter Fiscal Year 2025 • Net sales decreased 12.3% to $515.2 million; technology business net sales decreased 13.8% to $493.3 million; service revenues increased 46.0% to $103.7 million. • Technology business gross billings decreased 5.6% to $808.2 million. • Consolidated gross profit increased 2.5% to $148.0 million. • Consolidated gross margin was 28.7%, compared with 24.6% last year. • Net earnings decreased 4.1% to $31.3 million. • Adjusted EBITDA decreased 2.7% to $52.1 million. • Diluted earnings per share decreased 4.1% to $1.17. Non-GAAP
HERNDON, Va., Nov. 8, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on November 12, 2024, it will release earnings and host a conference call regarding its financial results for the three and six months ended September 30, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: November 12, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/569325154 Live Call: (888) 596-4144 (toll-free/domestic)(646) 968-2525 (internationa
Acquisition strengthens ePlus Services portfolio across North America HERNDON, Va., Aug. 20, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that its subsidiary, ePlus Technology, inc., has acquired Bailiwick Services, LLC (Bailiwick). Based near Minneapolis, Bailiwick is a highly-skilled provider of professional and managed services with nearly 30 years in the business. Bailiwick specializes in serving enterprise customers that operate large store, branch, and campus footprints predominantly in the retail, financial services, restaurant, and hospitality vertical markets.
First Quarter Fiscal Year 2025 Net sales decreased 5.2% to $544.5 million from last year's first quarter; technology business net sales decreased 5.3% to $535.5 million; services revenues increased 15.8% to $78.2 million.Technology business gross billings decreased 1.0% to $833.7 million.Consolidated gross profit decreased 5.5% to $134.5 million.Consolidated gross margin was 24.7% as compared to last year's 24.8%.Net earnings decreased 19.2% to $27.3 million.Adjusted EBITDA decreased 19.9% to $43.1 million.Diluted net earnings per common share decreased 19.7% to $1.02 and non-GAAP diluted net earnings per common share decreased 19.9% to $1.13.HERNDON, Va., Aug. 6, 2024 /PRNewswire/ -- ePlus
HERNDON, Va., July 30, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on August 6, 2024, it will release earnings and host a conference call regarding its financial results for the three months ended June 30, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: August 6, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/653117486 Live Call: (888) 596-4144 (toll-free/domestic) (646) 968-2525 (international) Archived Call
HERNDON, Va., May 15, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS) today announced that on May 22, 2024, it will release earnings and host a conference call regarding its financial results for the three months and fiscal year ended March 31, 2024. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: May 22, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/690482659 Live Call: (888) 596-4144 (toll-free/domestic) (646) 968-2525 (international) Archived Call: (8
HERNDON, Va., Jan. 30, 2024 /PRNewswire/ -- ePlus inc. (NASDAQ NGS: PLUS – news) today announced that on February 6, 2024, it will release earnings and host a conference call regarding its financial results for the three and nine months ended December 31, 2023. Earnings will be released after the market closes, and management will hold a conference call and audio webcast at 4:30 p.m. ET. Date: February 6, 2024 Time: 4:30 p.m. ET Audio Webcast (Live & Replay): https://events.q4inc.com/attendee/945
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 center, networking and cyber security products and solutions. The acquisition will help drive additional growth with enhanced engineering, sales, and services delivery capabilities in the mo
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Sidoti downgraded ePlus from Buy to Neutral and set a new price target of $83.00
Sidoti & Co. upgraded ePlus from Neutral to Buy and set a new price target of $121.00 from $104.00 previously
Sidoti upgraded ePlus from Neutral to Buy