Financial Data and Key Metrics Changes - Adjusted gross billings (AGB) increased by 31% to $359.8 million compared to $274.7 million in the prior year quarter [11] - Net sales rose by 13% to $92.1 million from $81.7 million, reflecting organic growth and contributions from acquisitions [11] - Net income more than doubled to $3.4 million or $0.75 per diluted share, up from $1.4 million or $0.31 per diluted share [15] - Adjusted EBITDA increased by 48% to $6.9 million compared to $4.7 million in the prior period [15] - Gross profit rose by 36% to $18.6 million, with gross profit as a percentage of AGB increasing to 5.2% from 5% [14] Business Line Data and Key Metrics Changes - The company evaluated 31 new brands and signed agreements with three, focusing on a selective vendor line card [5] - The acquisition of Douglas Stewart Software (DSS) added over 20 new vendor partners, enhancing the company's offerings in the education technology channel [8] - Data Solutions generated $31.6 million in AGB for the quarter, which was $3 million or 10.6% greater than the prior year's quarter [12] Market Data and Key Metrics Changes - Growth was broad-based across all regions, with the top 20 vendors growing in line with overall business performance [21] - The company noted strong demand in the security and data center sectors, with a focus on software solutions [20] Company Strategy and Development Direction - The company aims to drive organic growth by deepening relationships with existing partners and adding innovative vendors [17] - The implementation of a new ERP system is expected to enhance operational efficiencies and support growth [9] - The company plans to remain diligent in its M&A approach, targeting acquisitions that are accretive to earnings and align with strategic goals [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued organic growth and operational leverage improvements due to the ERP implementation [10] - The company does not anticipate significant market challenges affecting its growth trajectory, citing a broad portfolio and aggressive sales strategies [44] - Management highlighted the importance of vendor performance and the ability to adapt quickly to market changes [45] Other Important Information - Cash and cash equivalents increased to $48.4 million as of June 30, 2024, compared to $36.3 million at the end of 2023 [16] - The company declared a quarterly dividend of $0.17 per share, payable on August 22, 2024 [17] Q&A Session Summary Question: Are security and data centers the core drivers of growth? - Yes, security and data centers are key growth drivers, with strong performance noted at recent industry events [20] Question: Was growth broad-based across top vendors? - Yes, growth was observed across all regions and among the top vendors, with only one territory showing flat performance [21] Question: How long until cross-selling synergies from the DSS acquisition are realized? - Cross-selling synergies are expected to be realized quickly, particularly with strong vendors like Adobe [22] Question: Did the company achieve cross-selling synergies with Data Solutions? - Yes, integration of teams has been completed, and cross-selling synergies are being realized [24] Question: What is the earn-out structure tied to the DSS acquisition? - The earn-out is based on gross profit margin targets and increasing EBIT during the 12-month period [29] Question: Is the DSS acquisition immediately accretive to the bottom line? - Yes, the acquisition is expected to be immediately accretive, with results anticipated in Q3 [40]

EATONTOWN, N.J., Aug. 07, 2024 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB), a value-added global IT channel company specializing in unique sales and distribution solutions for innovative technology vendors, announced it is acquiring Douglas Stewart Software & Services, LLC ("DSS"), a separate division of the privately held Douglas Stewart Company. DSS is a Wisconsin-based, leading specialty distributor focused on SaaS solutions for education customers in North America. The acquisition enh ...

Climb Global Solutions (CLMB) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 72.92%. A quarter ago, it was expected that this computer software reseller would post earnings of $0.75 per share when it actually produced earnings of $0.60, delivering a surprise of -20%. Over the last f ...

Exhibit 2.1 CERTAIN INFORMATION IN THIS EXHIBIT IDENTIFIED WITH [***] HAS BEEN EXCLUDED IN ACCORDANCE WITH REGULATION S-K ITEM 601(B)(2) BECAUSE IT IS BOTH NOT MATERIAL AND IS THE TYPE THAT THE REGISTRANT CUSTOMARILY AND ACTUALLY TREATS AS PRIVATE OR CONFIDENTIAL. STRICTLY CONFIDENTIAL Execution Version MEMBERSHIP INTEREST PURCHASE AGREEMENT by and among THE DOUGLAS STEWART COMPANY, INC., as Seller, Robert Bernier and Charles T. Hulan, as the Shareholders, and Climb Global Solutions DSS, LLC, as Buyer Dated ...

EATONTOWN, N.J., July 23, 2024 (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 Wednesday, August 7, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The Company's results will be reported in a press release prior to the call. If you have any difficulty r ...

As part of its GSA solutions, Climb will be offering Wasabi hot cloud storage, which delivers predictably priced, highly performant, and secure cloud object storage for customers that require an in-depth defense approach to data protection. Also available from Climb is Wasabi Surveillance Cloud, which enables organizations to cost-effectively scale and protect video surveillance footage in the cloud. Wasabi's layered approach to data security ensures customers' data is protected by physical and logical elem ...

EATONTOWN, N.J., July 18, 2024 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) announced the expansion of their GSA IT-70 Contract (47QTCA19D008G) with the addition of Wasabi Technologies, a market leader in Hot Cloud Storage and strategic partner of Climb since 2020. As part of its GSA solutions, Climb will be offering Wasabi hot cloud storage, which delivers predictably priced, highly ...

The stock is benefitting from organic growth from new and existing vendors in North America and Europe, as well as contributions from DataSolutions. For Climb Global, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CLMB going forward to see if this recent jump can turn into more strength down the road. For Microvast, the c ...

Core Insights - Climb Channel Solutions has launched a strategic partnership with Flashpoint to enhance security and intelligence capabilities for mission-critical organizations [1][2] - The partnership aims to provide access to Flashpoint's comprehensive threat intelligence platform, Flashpoint Ignite, which integrates human-powered data collection with technology [2][5] - This collaboration is expected to drive significant growth and deliver value to customers by improving their ability to safeguard critical assets and reduce risks [2][3] Company Overview - Climb Channel Solutions is a global specialty technology distributor focusing on various sectors including Security, Data Management, and Cloud solutions [4] - The company emphasizes transforming distribution through innovative IT technologies, flexible financing, and exceptional service to partners [4] - Flashpoint is recognized as a leader in threat data and intelligence, providing solutions that help organizations confront complex security challenges and improve operational resilience [5][6]

About Rocky Mountain Chocolate Factory, Inc. DURANGO, Colo., June 05, 2024 (GLOBE NEWSWIRE) -- Rocky Mountain Chocolate Factory Inc. (NASDAQ:RMCF) (the "Company", "we", or "RMCF"), an international franchisor and producer of premium chocolates and other confectionery products including gourmet caramel apples, today announced that as a result of Jeff Geygan's recent appointment to Interim-CEO, he has yielded his position as Chair of the Board of Directors ("Board"), in accordance with the Company's governanc ...