Climb Global Solutions (CLMB) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.60 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3.37%. A quarter ago, it was expected that this computer software reseller would post earnings of $1.12 per share when it actually produced earnings of $2.26, delivering a surprise of 101.79%.Over the last ...

Financial Performance - Net sales increased 49% to $138.0 million compared to $92.4 million for the same period in 2024[6] - Net income rose 35% to $3.7 million or $0.81 per diluted share, up from $2.7 million or $0.60 per diluted share in the prior year[9] - Adjusted EBITDA increased 38% to $7.6 million, driven by organic growth and the acquisition of Douglas Stewart Software & Services (DSS)[10] - Gross profit increased 37% to $23.4 million, reflecting growth from new and existing vendors[7] - Adjusted net income for Q1 2025 was $3,915,000, a 38.7% increase compared to $2,823,000 in Q1 2024[27] - Adjusted net income per common share (diluted) for Q1 2025 was $0.86, up from $0.62 in Q1 2024, reflecting a 38.7% increase[27] Revenue and Billings - Gross billings increased 34% to $474.6 million, with distribution segment gross billings up 36% to $453.6 million[4] - Total gross billings for Q1 2025 were $474,596,000, representing a 33.5% increase from $355,269,000 in Q1 2024[27] - Distribution gross billings for Q1 2025 were $453,575,000, an increase of 35.5% from $334,637,000 in Q1 2024[27] - Solutions gross billings for Q1 2025 were $21,021,000, slightly up from $20,632,000 in Q1 2024[27] Expenses and Costs - SG&A expenses increased to $16.8 million, with DSS contributing $1.1 million to the increase[8] - Interest expense decreased to $69,000 in Q1 2025 from $101,000 in Q1 2024, indicating improved cost management[25] - The company reported a provision for income taxes of $564,000 in Q1 2025, down from $890,000 in Q1 2024[25] Cash and Dividends - Cash and cash equivalents were $32.5 million as of March 31, 2025, compared to $29.8 million at the end of 2024[11] - The company declared a quarterly dividend of $0.17 per share, payable on May 16, 2025[5] Strategic Initiatives - The company plans to implement a new ERP system to drive efficiencies and remains active in evaluating M&A opportunities[3] Other Financial Metrics - Effective margin for adjusted EBITDA increased by 20 basis points to 32.7% compared to 32.5% for the same period in 2024[10] - The change in fair value of acquisition contingent consideration was $136,000 in Q1 2025, compared to no such costs in Q1 2024[27]

Net Sales up 49% to $138.0 Million; Net Income up 35% to $3.7 Million or $0.81 per Share; Adjusted EBITDA (non-GAAP) up 38% to $7.6 MillionEATONTOWN, N.J., April 30, 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, is reporting results for the first quarter ended March 31, 2025. First Quarter 2025 Summary vs. Same Year-Ago Quarter Net sal ...

Core Viewpoint - Climb Global Solutions, Inc. has elected Paul Giovacchini to its Board of Directors, expanding the Board to seven members, with six being independent under Nasdaq standards [1][2]. Group 1: Board Composition and Leadership - The election of Paul Giovacchini adds significant experience to the Board, with over 30 years in private equity, corporate governance, and board leadership [2]. - Giovacchini's previous roles include Lead Independent Director at TPI Composites, where he played a key role in transforming the company into a global public enterprise [2]. - The Chairman of the Board, John McCarthy, emphasized that Giovacchini's executive leadership and financial background will be crucial for Climb's operational foundation and growth initiatives [3]. Group 2: Company Overview - Climb Global Solutions, Inc. specializes in value-added global IT distribution and solutions, focusing on emerging and innovative technologies [4]. - The company operates across the US, Canada, and Europe through various business units, including Climb Channel Solutions, Grey Matter, and Climb Global Services [4]. - Climb provides IT distribution and solutions in sectors such as Security, Data Management, Connectivity, Storage & HCI, Virtualization & Cloud, and Software & ALM [4].

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 ...