Quarterly ResultAug 4, 2026, 05:23 PM
ePlus Q1 Net Sales $649.1M; Net Earnings $30.3M; Operating Cash Flow Positive
AI Summary
ePlus Inc. reported its first-quarter results for fiscal year 2026, with net sales increasing slightly to $649.1 million. However, net earnings from continuing operations and operating income saw a decline compared to the prior year. A notable positive was the significant improvement in net cash provided by operating activities, which turned positive at $76.5 million. The company also increased its share repurchases and initiated dividend payments during the quarter, while also disclosing a revision of prior financial statements for immaterial misstatements.
Key Highlights
- Net sales for Q1 2026 increased to $649.1 million from $642.8 million in Q1 2025.
- Net earnings from continuing operations for Q1 2026 were $30.3 million, down from $32.0 million in Q1 2025.
- Basic EPS from continuing operations was $1.17 for Q1 2026, compared to $1.22 in Q1 2025.
- Operating income for Q1 2026 decreased to $38.8 million from $42.9 million in Q1 2025.
- Net cash provided by operating activities was $76.5 million in Q1 2026, a significant improvement from a $99.0 million use in Q1 2025.
- The company repurchased $25.5 million of common stock in Q1 2026, up from $3.3 million in Q1 2025.
- Dividends paid and accrued were $7.1 million ($0.27 per share) in Q1 2026, with no dividends in Q1 2025.
- ePlus revised previously issued consolidated financial statements for fiscal years 2025 and 2024 due to a miscalculation of accrued revenue.
Price Impact
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