EPLUS INC

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.

ePlus inc. announced its 2026 Annual Meeting of Shareholders to be held on September 10, 2026. Shareholders will vote on four key proposals, including the election of nine director nominees, an advisory vote on executive compensation, and the ratification of Deloitte & Touche LLP as the independent registered accounting firm. A significant proposal also includes amending the company's certificate of incorporation to increase the number of authorized common stock from 50 million to 75 million shares. The company also highlighted its recent divestiture of its U.S. financing business on June 30, 2025, positioning itself as a pure-play technology solutions provider.

ePlus inc. announced the appointment of John M. Lutz to its Board of Directors, effective July 6, 2026. The Board's size was increased from eight to nine directors to accommodate the new appointment. Mr. Lutz, 64, will also serve on the Audit Committee and Compensation Committee, and has been deemed an independent director. He brings over 30 years of experience from global technology and institutional environments, including leadership roles at IBM and Vanderbilt University.

ePlus Inc. filed its Annual Report on Form 10-K, providing a comprehensive overview of its business operations, solutions, and risk factors. The company offers technology solutions across AI, cloud, data center, security, networking, and collaboration, serving 4,200 customers. Key customer and vendor concentrations include Verizon Communications Inc. (24% of net sales) and Cisco Systems (29% of net sales) for the fiscal year ended March 31, 2026. The report also highlights the company's focus on AI and outlines various risks such as supply chain disruptions, cybersecurity threats, and intense market competition.

ePlus inc. announced strong financial results for its fourth quarter and fiscal year ended March 31, 2026, with double-digit growth across key metrics. For Q4, net sales increased 20.6% to $576.2 million and diluted EPS from continuing operations rose 52.9% to $0.78. For the full fiscal year 2026, net sales grew 22.1% to $2,442.5 million and diluted EPS from continuing operations increased 64.1% to $4.71. The Board also declared an increased quarterly cash dividend of $0.27 per common share and initiated fiscal year 2027 guidance for mid-single digit growth.