Core Insights - Climb Global Solutions, Inc. reported a significant increase in net sales and net income for the first quarter of 2025, with net sales rising 49% to $138.0 million and net income increasing 35% to $3.7 million or $0.81 per share [1][5][8] Financial Performance - Net sales increased 49% to $138.0 million compared to $92.4 million for the same period in 2024, driven by organic growth and the acquisition of Douglas Stewart Software & Services, LLC [5][9] - Gross billings rose 34% to $474.6 million, with distribution segment gross billings increasing 36% to $453.6 million and solutions segment gross billings increasing 2% to $21.0 million [9][10] - Gross profit increased 37% to $23.4 million, reflecting strong performance from both new and existing vendors [6][9] - Selling, general, and administrative expenses were $16.8 million, up from $12.5 million in the previous year, with DSS contributing $1.1 million to the increase [7][9] - Adjusted EBITDA increased 38% to $7.6 million, with an effective margin of 32.7% [10][9] Management Commentary - CEO Dale Foster highlighted the continuation of momentum from a record 2024, emphasizing organic growth in the U.S. and Europe and the successful integration of DSS [3] - The company plans to leverage a new ERP system for operational efficiencies and remains open to M&A opportunities to enhance offerings [3] Dividend Declaration - Climb's Board of Directors declared a quarterly dividend of $0.17 per share, payable on May 16, 2025, to shareholders of record on May 12, 2025 [4] Cash Position - As of March 31, 2025, cash and cash equivalents were $32.5 million, an increase from $29.8 million at the end of 2024, with working capital rising by $4.4 million [11]

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 ...

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 ...