ePlus inc.

Good day, ladies and gentlemen. Welcome to the E-plus fourth quarter fiscal year 2026 earnings results conference call. As a reminder, this conference call is being recorded. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press the star key followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. I would like to introduce your host for today's conference, Mr. Clay Parker, Senior Vice President. Sir, you may begin.

Thank you for joining us today. On the call is Mark Marin, CEO and President, Darren Raguel, COO and President of Vplus Technology, Elaine Marion, CFO, and Erica Stoker, General Counsel. I want to take a moment to remind you that the statements we make this afternoon that are not historical facts may be deemed to be forward-looking statements and are based on management's current plans, estimates, and projections. Actual and anticipated future results may vary materially due to certain risks and uncertainties detailed in the earnings release we issued this afternoon and our periodic filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K and in other documents that we file with the SEC. Any forward-looking statement speaks only as of the date of which the statement is made, And the company undertakes no responsibility to update any of these forward-looking statements in light of new information, future events, or otherwise. In addition, we will use certain non-GAAP measures during the call. We have included the GAAP financial reconciliation in our earnings press release, which was posted on the investor information section of our website at www.eplus.com. And now I'd like to turn the call over to Mark Maron. Mark?

Thank you, Clay. Good afternoon, everyone. And thank you for joining us today for our fourth quarter and full year fiscal 2026 earnings call. The year was defined by the strong execution of our team and our ability to meet evolving customer IT needs, which resulted in achieving meaningful milestones across the business. The momentum drove strong full year results with double digit growth across our key revenue and operating metrics and gross billings, which reached a record 3.8 billion. In addition, we experienced continued operational deficiencies, improved the scalability of our platform with fully diluted EPS from continuing operations in the fourth quarter, increasing 53% on a year-over-year basis. It is worth noting for the full year, diluted EPS from continuing operations increased 64%. Our performance reflects continued market share gains as we saw a strong demand across our diverse customer base particularly with respect to their AI journey. Throughout the year, we continue to broaden our core portfolio offerings by adding professional and managed services. Moreover, we continue to build out our higher value consultative services to assist our customers with a more holistic approach. Our agile model allows us to pivot and meet marketplace opportunities while fulfilling customer needs. Growth throughout the year was largely organic and broad-based across our core focus areas of AI, cloud, data center, networking, and security, as well as across customer segments from the mid-market to large enterprises. Our integrated solutions-led approach continues to resonate with customers, particularly as they increasingly adopt AI-driven technologies and accelerate their digital transformation strategies. Strategically, we are proactively transformed into a pure play technology solutions and services provider by divesting our domestic financing business earlier in the fiscal year. This has allowed us to increase our focus on and allocate resources to the faster growing IT markets and pivot all of our resources to building IT solutions and capturing market share. We continue to execute on our plans for discipline cost management, leveraging AI for internal efficiency and revenue growth initiatives, and aligning resources to our highest growth opportunities. Our balance sheet remains healthy. We ended the year with a cash balance of $411 million and increased our work in capital. Our balance sheet provides the flexibility to invest in our business organically and through acquisitions, while also returning capital to shareholders through dividend payments and share repurchases. as part of our capital allocation plan. Reflecting long-term confidence in the business and the strength of our financial position, our board recently authorized an 8% increase in our quarterly dividend to 27 cents per share. As noted, we ended fiscal year 2026 with record gross billings and backlog, which provides us with solid momentum as we move into the new fiscal year. We're also mindful of potential headwinds, including the worldwide memory chip shortage and geopolitical issues, as we have mentioned in the past. Offsetting that potential risk are the core drivers of digital transformation and AI that are supportive of growth. Overall, I'm very pleased with our performance in fiscal year 2026. Our results reflect the strength of our business model, our focus on high growth technology areas, and our ability to execute consistently. With strong momentum, healthy backlog, and solid demand across our key markets, as well as thoughtful capital allocation plans, we are well positioned to build on this success and drive profitable growth in the year ahead. I will now turn the call over to Darren to discuss the segments in more detail. Darren?