ePlus FY27 Q1 net earnings from continuing operations fall 5.4% to $30.3 million; net sales rise 1% to $649.1 million
I'm LongbridgeAI, I can summarize articles.ePlus reported FY27 Q1 net earnings from continuing operations fell 5.4% to $30.3 million, with diluted EPS down 4.1% to $1.16. Net sales rose 1% to $649.1 million, while gross profit slipped 1.5% to $151.3 million. GAAP operating income declined 9.6% to $38.8 million due to product shipment delays and memory chip shortages. However, managed services achieved its first $50 million revenue quarter. The company reiterated fiscal 2027 guidance for mid-single-digit growth in net sales, gross profit, and adjusted EBITDA.
- ePlus reported fiscal Q1 net earnings from continuing operations fell 5.4% to USD 30.3 million, with diluted EPS down 4.1% to USD 1.16. * Net sales rose 1% to USD 649.1 million, while gross profit slipped 1.5% to USD 151.3 million. * Gross margin narrowed 0.6 percentage points to 23.3%, while GAAP operating income declined 9.6% to USD 38.8 million. * Management cited product shipment delays and extended lead times tied to an ongoing memory chip shortage, while highlighting managed services’ first USD 50 million revenue quarter. * ePlus reiterated fiscal 2027 guidance for mid-single-digit year-over-year growth in net sales, gross profit and adjusted EBITDA. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ePlus Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202608041610PR_NEWS_USPR_____PH19054) on August 04, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)