ePlus Reports Q4 Gross Margin of 24.6%, Adjusted EBITDA Hits $40.1M
Reported by Reuters
Sentiment
Neutral
Importance
8
Price
$88.65
Mkt Cap
$2.34B
52W Low
$62.11
52W High
$93.98
Market data snapshot near publication time
Summary
ePlus announced its Q4 financial results, reporting a gross margin of 24.6%, adjusted EBITDA of $40.1 million, gross profit of $141.6 million, and net sales of $576.2 million. These figures provide an important update on the company's recent operational performance and profitability. This follows the robust Q3 results reported in February.
At the time of this announcement, PLUS was trading at $88.65 on NASDAQ in the Technology sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $62.11 to $93.98. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.