EATONTOWN, N.J., Nov. 12, 2025 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) is excited to announce a strategic partnership with Liongard, a leader in asset intelligence and automation. This collaboration aims to enhance the capabilities of managed service providers (MSPs) by providing them with advanced tools to manage and secure their IT environments more effectively. By leveraging L ...

Core Insights - Climb Channel Solutions has launched a partnership with Seclore to enhance data security offerings for its partners [1][3] - The collaboration aims to provide advanced data protection solutions to resellers, MSPs, and VARs, leveraging Seclore's data-centric security platform [2][3] Company Overview - Climb Channel Solutions is a global specialty technology distributor focusing on various IT sectors including Security, Data Management, and Cloud solutions [5] - Seclore specializes in data-centric security, offering solutions that protect sensitive data both inside and outside organizations [6][7] Partnership Details - The partnership will enable Climb to distribute Seclore's data security platform, enhancing the capabilities of its partners to secure sensitive information [2][3] - Seclore's platform provides granular access controls and persistent data protection, which are critical for organizations facing data security challenges [2][4] Strategic Goals - The alliance is designed to expand Seclore's market presence and enhance Climb's data security offerings, aligning with both companies' growth strategies [4] - Climb's CEO emphasized the importance of Seclore's innovative approach in providing a competitive edge to partners in the data protection space [4]

Financial Performance - Net sales increased by 35%, or $42.0 million, to $161.3 million for the three months ended September 30, 2025, compared to $119.3 million for the same period in the prior year[112]. - Gross profit increased by 6%, or $1.4 million, to $25.7 million for the three months ended September 30, 2025, compared to $24.3 million for the same period in the prior year[112]. - Net income decreased by 14%, or $0.8 million, to $4.7 million for the three months ended September 30, 2025, compared to $5.5 million for the same period in the prior year[112]. - Diluted income per share decreased by 14%, or $0.17, to $1.02 for the three months ended September 30, 2025, compared to $1.19 for the same period in the prior year[112]. - Adjusted EBITDA for the nine months ended September 30, 2025, was $29.9 million, compared to $23.5 million for the same period in 2024, reflecting a significant increase[142]. - Net sales for the nine months ended September 30, 2025 increased 51%, or $154.8 million, to $458.6 million compared to $303.8 million for the same period in the prior year[159]. - Gross profit for the nine months ended September 30, 2025 increased 26%, or $15.6 million, to $75.4 million compared to $59.8 million for the same period in the prior year[164]. Expenses - Selling, general and administrative expenses increased by 16%, or $2.3 million, to $16.2 million for the three months ended September 30, 2025, compared to $13.9 million for the same period in the prior year[112]. - SG&A expenses for the nine months ended September 30, 2025 increased 25%, or $9.9 million, to $49.3 million compared to $39.4 million for the same period in the prior year[169]. - Depreciation and amortization expense increased by 65%, or $0.8 million, to $2.0 million for the three months ended September 30, 2025, compared to $1.2 million for the same period in the prior year[112]. Sales and Segments - Gross billings for the three months ended September 30, 2025, increased by 8%, or $39.4 million, to $504.6 million compared to $465.2 million for the same period in the prior year[145]. - The Distribution segment net sales for the three months ended September 30, 2025, increased by 38%, or $42.5 million, to $154.4 million compared to $111.9 million for the same period in the prior year[147]. - The Solutions segment net sales for the three months ended September 30, 2025, decreased by 7%, or $0.6 million, to $6.9 million compared to $7.5 million for the same period in the prior year[148]. - Distribution segment gross profit for the three months ended September 30, 2025 increased 4%, or $0.8 million, to $22.4 million compared to $21.6 million for the same period in the prior year[151]. - Solutions segment gross profit for the three months ended September 30, 2025 increased 23%, or $0.6 million, to $3.3 million compared to $2.7 million for the same period in the prior year[152]. Cash and Dividends - Total dividends paid and the dollar value of shares repurchased were $0.8 million and $0.3 million, respectively, for the three months ended September 30, 2025[109]. - Cash and cash equivalents as of September 30, 2025 increased 67%, or $20.0 million, to $49.8 million compared to $29.8 million as of December 31, 2024[173]. Tax and Estimates - The effective tax rate for the nine months ended September 30, 2025 was 21.6%, a decrease from 23.5% for the same period in the prior year[172]. - The Company evaluates its estimates related to product returns, bad debts, inventories, and other factors on an ongoing basis[114]. Market and Competition - The Company operates in a competitive environment where gross product margins have historically declined due to competition and changes in product mix[105]. - The Company is exposed to market risks primarily related to foreign currency exchange rates[183]. - International operations are conducted in Canada, the United Kingdom, and throughout Europe, subjecting the company to foreign currency transaction and translation risks[184]. - Recent years have seen significant fluctuations in exchange rates between foreign currencies and the U.S. dollar, which may continue in the future[184]. Acquisitions and Customers - The Company completed the acquisition of DSS for an aggregate purchase price of approximately $20.3 million on July 31, 2024[144]. - The Company had two major customers that accounted for 22% and 14% of total net sales during the three months ended September 30, 2025[149].

Group 1 - The 69th Annual General Meeting of Impala Platinum Holdings Limited was convened, welcoming board members, management, service providers, and stakeholders [1] - The notice for the AGM was distributed within the prescribed period and includes details of all resolutions to be considered [2]

Core Insights - Europe's largest automaker indicated that a shortage of semiconductors could further hurt productivity [1] Group 1 - The automaker is facing challenges due to semiconductor shortages [1]

Financial Data and Key Metrics Changes - Gross billings in Q3 2025 increased by 8% to $504.6 million compared to $465.2 million in the prior year quarter [12] - Net sales in Q3 2025 increased by 35% to $161.3 million compared to $119.3 million, driven by organic growth and contributions from the acquisition of Douglas Stewart Software [12] - Net income in Q3 2025 was $4.7 million or $1.02 per diluted share, down from $5.5 million or $1.19 per diluted share in the prior year [16] - Adjusted EBITDA in Q3 2025 was $10.9 million, slightly down from $11.1 million in the prior year [18] Business Line Data and Key Metrics Changes - Distribution segment gross billings increased by 9% to $481.9 million, while solutions segment gross billings decreased by 5% to $22.7 million [12] - Gross profit as a percentage of gross billings was 5.1%, slightly down from 5.2% in the prior year [13] Market Data and Key Metrics Changes - The European team showed strong execution, particularly in the artificial intelligence market, with the launch of Climb AI Academy to support partners [9][10] - The cybersecurity space continues to lead growth, accounting for over 60% of the company's business [22] Company Strategy and Development Direction - The company is focused on building operational momentum and executing strategic initiatives, including evaluating acquisition opportunities to enhance capabilities and market presence [19] - The company aims to deepen partnerships with existing vendors while selectively adding new ones to maintain innovation and market differentiation [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in closing out 2025 strong, with expectations for another year of record results [11] - There are no significant concerns regarding tariffs impacting the business, although currency fluctuations are monitored [30] Other Important Information - The Board of Directors declared a quarterly dividend of $0.17 per share, payable on November 17, 2025 [19] - The company has a robust balance sheet with cash and cash equivalents of $49.8 million as of September 30, 2025 [18] Q&A Session Summary Question: How would you characterize the quarter? Was the growth broad-based across your top 20? - Management indicated that there were no lumpy deals and organic growth was strong across the majority of vendors [21] Question: Were there any early pay price discounts that impacted margin? - No new relationships on early pay discounts were noted, and the percentage of gross billings remained consistent [24] Question: Is there a similar training program in the U.S. as the one in Europe? - Currently, there is no similar program in the U.S., but plans to roll out a training program are in place [25] Question: What is the impact of tariffs on your business? - There is no significant impact from tariffs, but currency fluctuations are considered [30] Question: Can you explain the notable declines in accounts receivable and accounts payable? - The changes are typical for the business and are expected to normalize in the next quarter [31] Question: What is the seasonality of orders now with DSS? - Seasonality is influenced by the education sector, with strong buying occurring in the summer [38] Question: What caused the 5% decrease in the solutions segment gross billings? - The decrease is attributed to fluctuations in the U.S. side of the business, which has a small team and large customers [40] Question: What are the acquisition-related costs in the quarter? - The costs are related to evaluating potential acquisitions, with a focus on larger deals moving forward [42][45] Question: What is the company's vision for future M&A? - The company is looking at opportunities ranging from $10 million to $40 million, focusing on strategic acquisitions that enhance technical capabilities [48][52]

Core Insights - Climb Global Solutions, Inc. (CLMB) is projected to double its revenue over the next two years through a combination of organic growth and strategic initiatives [1] Group 1: Company Overview - The company was first recommended to Seeking Alpha readers in May 2024, highlighting its potential for significant revenue growth [1] - The analysis emphasizes a long-term investment perspective, focusing on high-quality companies and micro-cap growth stocks [1] Group 2: Analyst Approach - The analyst employs a research-driven approach, leveraging a background in academia to uncover investment opportunities [1] - The strategy includes remaining opportunistic during market downturns and focusing on companies that are currently undervalued [1]

Core Insights - Samsung Electronics reported a 32% increase in third-quarter operating profit, driven by a strong conventional chip market that compensated for a gradual recovery in artificial intelligence chip sales [1] Financial Performance - The operating profit for the third quarter rose significantly by 32%, indicating robust performance in the semiconductor sector [1] - The growth in profit was primarily attributed to the booming conventional chip market, which has been a key driver for the company's financial results [1] Market Trends - The recovery in artificial intelligence chip sales is noted to be gradual, suggesting that while there is potential for growth, it may take time for this segment to fully rebound [1] - The overall performance reflects the ongoing dynamics in the semiconductor industry, where conventional chips continue to play a crucial role in profitability [1]

Core Insights - Climb Global Solutions (CLMB) reported quarterly earnings of $1.31 per share, exceeding the Zacks Consensus Estimate of $1.15 per share, but down from $1.55 per share a year ago, resulting in an earnings surprise of +13.91% [1] - The company achieved revenues of $161.34 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 34.91% and up from $119.35 million year-over-year [2] - Climb Global has outperformed consensus EPS estimates three times over the last four quarters and has topped revenue estimates four times in the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.74 on revenues of $156.91 million, while for the current fiscal year, the estimate is $5.14 on revenues of $573.82 million [7] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Technology Services industry, to which Climb Global belongs, is currently ranked in the top 36% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Financial Performance - Net sales increased 35% to $161.3 million compared to $119.3 million for the same period in 2024[6] - Gross billings rose 8% to $504.6 million from $465.2 million in the year-ago period[6] - Net income was $4.7 million or $1.02 per diluted share, down from $5.5 million or $1.19 per diluted share in Q3 2024[9] - Adjusted net income decreased to $6.0 million or $1.31 per diluted share from $7.1 million or $1.55 per diluted share year-over-year[9] - Adjusted EBITDA was $10.9 million, slightly down from $11.1 million in the same quarter last year[10] - Net sales for the nine months ended September 30, 2025, reached $458.671 million, a significant increase from $303.847 million in the same period of 2024, representing a growth of 50.9%[24] - Gross profit for the nine months ended September 30, 2025, was $75.437 million, compared to $59.833 million in 2024, reflecting a year-over-year increase of 26.1%[24] - Adjusted EBITDA for the nine months ended September 30, 2025, was $29.894 million, up from $23.543 million in 2024, indicating a growth of 27.0%[25] - Total gross billings for the nine months ended September 30, 2025, amounted to $1.479 billion, compared to $1.180 billion in 2024, marking an increase of 25.4%[28] - Net income for the nine months ended September 30, 2025, was $14.346 million, compared to $11.620 million in 2024, which is a growth of 23.6%[26] - Adjusted net income for the nine months ended September 30, 2025, was $16.270 million, up from $13.673 million in 2024, reflecting a year-over-year increase of 19.0%[26] - Income per common share (diluted) for the nine months ended September 30, 2025, was $3.13, compared to $2.54 in 2024, representing a growth of 23.2%[24] Expenses and Dividends - SG&A expenses rose to $16.2 million, representing 3.2% of gross billings compared to 3.0% in the prior year[8] - Selling, general, and administrative expenses for the nine months ended September 30, 2025, totaled $55.768 million, an increase from $43.567 million in 2024, which is a rise of 28.0%[24] - A quarterly dividend of $0.17 per share was declared, payable on November 17, 2025[5] - Dividends paid per common share remained stable at $0.51 for both the nine months ended September 30, 2025, and 2024[24] Cash and Strategic Initiatives - Cash and cash equivalents increased to $49.8 million from $29.8 million at the end of 2024[11] - The company plans to pursue strategic acquisition opportunities, particularly in European markets, to enhance offerings and expand presence[3] Segment Performance - The distribution segment gross billings increased 9% to $481.9 million, while the solutions segment gross billings decreased 5% to $22.7 million[4] Foreign Currency Impact - The company reported a foreign currency transaction loss of $566,000 for the nine months ended September 30, 2025, compared to a loss of $688,000 in 2024[24]