EATONTOWN, N.J., April 21, 2025 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced that the Company’s Board of Directors (the “Board”) has elected Paul Giovacchini to the Board. With the election of Mr. Giovacchini, Climb’s Board increased to seven total members, six of whom are independent under the Nasdaq listing standards. Mr. ...

EATONTOWN, N.J., April 17, 2025 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) ("Climb" or the "Company"), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, May 1, 2025 at 8:30 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2025. The Company's results will be reported in a press release prior to the call. Climb's management will host th ...

-Fresh from a $50M round of investment, Unframe is now eyeing North America and EMEA growth- -Partnership with Climb will enable resellers and enterprises to access Unframe's platform and deliver cutting-edge AI solutions at scale- EATONTOWN, N.J., April 15, 2025 (GLOBE NEWSWIRE) -- Climb Channel Solutions NA, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ:CLMB), today announced the signing of a new global distribution agreement with Unf ...

Core Insights - Climb Channel Solutions has partnered with Thales to enhance its cybersecurity offerings, now including the complete Thales Cyber Security Product suite [1][2][4] - The partnership aims to empower resellers by providing a comprehensive security solution that includes Application Security, Data Protection, and Identity and Access Management [2][4][5] - The launch of the Thales and Imperva Accelerate Partner Program is expected to facilitate growth for partners in the cybersecurity business by simplifying interactions and providing synchronized benefits [3][4] Company Overview - Climb Channel Solutions is a global specialty technology distributor focusing on various sectors including Security, Data Management, and Cloud solutions [6] - The company emphasizes a people-first approach to empower Value-Added Resellers (VARs) and Managed Service Providers (MSPs) to grow and scale their businesses [6]

Core Insights - Climb Channel Solutions awarded Freshworks the Strategic Partner of the Year award, highlighting the success of their partnership and commitment to growth and value creation through the channel [1][5] Company Overview - Climb Channel Solutions is a global specialty technology distributor focusing on various sectors including Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & Application Lifecycle [6] - Freshworks has established itself as a significant player in the customer experience and employee experience software markets, showcasing its ability to innovate and empower partners [3] Partnership Highlights - The award was presented by Carlos Rodriguez from Climb to Chase Bertrand from Freshworks, emphasizing the collaborative efforts between the two companies [2] - Freshworks has expanded its IT service management product portfolio through the acquisition of Device42, indicating its growth strategy [3] Leadership Statements - Laura Padilla from Freshworks expressed gratitude for the partnership, emphasizing the shared commitment to improving IT department efficiency with user-friendly software solutions [4] - Dale Foster, CEO of Climb Channel Solutions, praised Freshworks as an agile and committed partner, reinforcing the mutual trust and growth achieved through their collaboration [5]

Stocks popped in morning trading on Tuesday as Wall Street cheered the possibility that the Trump administration might quickly enter tariff negotiations with China.The deluge of headlines and tariff updates is likely to create more volatility and possibly more selling in the short term. It is also feasible that the Trump administration’s attempt to tweak the current economic system could lead to market turmoil for months.That said, no one can call a bottom in real time, and the stock market selloff—which wa ...

About Climb Channel Solutions and Climb Global Solutions Climb Channel Solutions is a global specialty technology distributor focusing on Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & Application Lifecycle. What sets Climb apart is our commitment to transform distribution by providing emerging and established IT technologies, flexible financing, real-time quoting, best of breed channel operations, speed to market, and exceptional service to our partners world ...

Industry Overview - The Zacks Technology Services Industry is currently in the top 26% of over 240 Zacks industries, with several stocks achieving a Zacks Rank 1 (Strong Buy) status [1] Company: Climb Global Solutions (CLMB) - Climb Global Solutions specializes in emerging and disruptive technologies, providing IT distribution and solutions [2] - The company serves value-added resellers, with notable clients including CDW Corporation, a leading provider of integrated IT solutions [3] - Climb Global Solutions has demonstrated strong operating efficiency, making it one of the stock market's top performers, trading at a forward earnings multiple of 21.2X [3] Company: Dave Inc (DAVE) - Dave Inc operates a growing fintech platform, gaining popularity with its flagship 0% interest loan service called ExtraCash, which allows users to access small cash advances without interest [4] - The company is forecasted to experience double-digit growth in both top and bottom lines for fiscal 2025 and FY26, with EPS estimates increasing significantly over the last 60 days [5] - Since going public in 2022 through a SPAC, DAVE has rebounded and increased over 1,000% in the last two years, currently trading at 12.5X forward earnings and approaching an optimal level of less than 2X forward sales [7] Investment Outlook - Climb Global Solutions and Dave Inc are highlighted as appealing technology services companies for investment, particularly as potential buy-the-dip targets amid recent market volatility [9]

Investors interested in Technology Services stocks are likely familiar with Climb Global Solutions (CLMB) and Veralto (VLTO) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our S ...

Financial Performance - Net sales increased by 32%, or $113.6 million, to $465.6 million for the year ended December 31, 2024, compared to $352.0 million for the same period in 2023[143] - Gross profit rose by 42%, or $26.9 million, to $91.1 million for the year ended December 31, 2024, compared to $64.2 million for the same period in 2023[143] - Net income increased by 51%, or $6.3 million, to $18.6 million for the year ended December 31, 2024, compared to $12.3 million for the same period in 2023[143] - Income per diluted share increased by 49%, or $1.34, to $4.06 for the year ended December 31, 2024, compared to $2.72 for the same period in 2023[143] - Adjusted EBITDA for the year ended December 31, 2024, was $39.6 million, up from $24.6 million in 2023, representing a 61% increase[171] - Effective margin for adjusted EBITDA increased to 43.5% in 2024 from 38.3% in 2023, a rise of 520 basis points[173] Expenses - Selling, general and administrative expenses increased by 27%, or $12.2 million, to $56.5 million for the year ended December 31, 2024, compared to $44.3 million for the same period in 2023[143] - Acquisition-related costs were $2.3 million for the year ended December 31, 2024, compared to $0.6 million for the same period in 2023[143] - Amortization and depreciation expense increased by $1.5 million to $4.3 million for the year ended December 31, 2024, compared to $2.8 million for the same period in 2023[143] - SG&A expenses for the year ended December 31, 2024, increased 27%, or $12.2 million, to $56.5 million compared to $44.3 million for the same period in the prior year[189] - Customer rebates and discounts for the year ended December 31, 2024, were $19.7 million compared to $12.8 million for the same period in the prior year[187] Segment Performance - The Distribution segment's gross profit for the year ended December 31, 2024, increased 47%, or $24.9 million, to $78.3 million compared to $53.4 million for the same period in 2023[185] - Net sales in the Distribution segment for the year ended December 31, 2024, increased 36%, or $116.6 million, to $441.9 million compared to $325.3 million for the same period in the prior year[180] - Gross billings for the year ended December 31, 2024, increased 42%, or $524.9 million, to $1,785.3 million compared to $1,260.4 million for the same period in 2023[179] Cash Flow and Investments - Net cash provided by operating activities for the year ended December 31, 2024 was $33.7 million, consisting of net income adjusted for non-cash items of $30.6 million[196] - Net cash used in investing activities during the year ended December 31, 2024 was $26.4 million, including $20.9 million for DSS and Data Solutions acquisitions[197] - Net cash used in financing activities during the year ended December 31, 2024 was $13.0 million, including $4.2 million in net repayments of borrowings[198] - Cash and cash equivalents decreased by $6.5 million to $29.8 million at December 31, 2024, from $36.3 million at December 31, 2023[195] Tax and Other Considerations - Provision for income taxes for the year ended December 31, 2024 was $6.4 million, or 25.6% of income before taxes, compared to $4.5 million, or 26.6% in the prior year[194] - Foreign currency transaction loss for the year ended December 31, 2024 was $0.3 million, a decrease from $0.6 million in the prior year[192] - Change in fair value of acquisition contingent consideration for the year ended December 31, 2024 was $3.6 million, with no amounts recognized in the prior year[193] Company Overview - The company has subsidiaries in the United States, Canada, Netherlands, United Kingdom, and Ireland, contributing to its global sales[133] - The company’s sales are influenced by external factors such as levels of IT spending and customer demand for products distributed[134] - The company has historically returned value to investors through quarterly dividends and share repurchases, with total dividends paid of $3.0 million for the year ended December 31, 2024[139] - As of December 31, 2024, the company held 683,198 shares of Common Stock in treasury at an average cost of $19.52 per share[200] - The company anticipates an increase in working capital needs as it invests in business growth, relying on cash and unused borrowings under its Credit Agreement for the next 12 months[205] - The company had no off-balance sheet arrangements as of December 31, 2024[207]