While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...

U.S. stock markets suffered a bloody blow in the first week of August. Wall Street's turmoil was triggered by weak labor market data, which heightened concerns of a near-term recession. The massive unwinding of Yencarry trade due to an unexpected rate hike by the Bank of Japan aggravated the situation. However, U.S. stock markets recovered their lost ground to a great extent within the next 3-4 trading sessions as more released data showed that the fundamentals of the U.S. economy remain firm. Market partic ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the s ...

Financial Performance - Net sales increased by 13%, or $10.4 million, to $92.1 million for the three months ended June 30, 2024, compared to $81.7 million for the same period in the prior year[98]. - Gross profit increased by 36%, or $4.9 million, to $18.6 million for the three months ended June 30, 2024, compared to $13.7 million for the same period in the prior year[98]. - Net income increased by 148%, or $2.0 million, to $3.4 million for the three months ended June 30, 2024, compared to $1.4 million for the same period in the prior year[98]. - Diluted income per share increased by 142%, or $0.44, to $0.75 for the three months ended June 30, 2024, compared to $0.31 for the same period in the prior year[98]. - Net sales for the six months ended June 30, 2024, increased by 10.0%, or $17.7 million, to $184.5 million compared to $166.8 million for the same period in the prior year[114]. - Adjusted gross billings for the six months ended June 30, 2024, increased by 22.9%, or $133.7 million, to $715.1 million compared to $581.4 million for the same period in the prior year[116]. - Gross profit for the six months ended June 30, 2024, increased by 23%, or $6.7 million, to $35.6 million compared to $28.9 million for the same period in the prior year[136]. - Adjusted EBITDA for the six months ended June 30, 2024, was $12.5 million, an increase from $10.4 million for the same period in the prior year[120]. Expenses - Selling, general and administrative expenses increased by 12%, or $1.4 million, to $13.0 million for the three months ended June 30, 2024, compared to $11.6 million for the same period in the prior year[98]. - SG&A expenses for the six months ended June 30, 2024 increased 17%, or $3.7 million, to $25.5 million compared to $21.8 million for the same period in the prior year[139]. - Depreciation and amortization expense increased by 43%, or $0.3 million, to $0.9 million for the three months ended June 30, 2024, compared to $0.6 million for the same period in the prior year[98]. - Depreciation and amortization expense for the six months ended June 30, 2024 increased 32%, or $0.4 million, to $1.7 million compared to $1.3 million for the same period in the prior year[140]. Sales Segments - The Distribution segment net sales for the three months ended June 30, 2024, increased by 15%, or $11.7 million, to $87.8 million compared to $76.1 million for the same period in the prior year[124]. - The Solutions segment net sales for the three months ended June 30, 2024, decreased by 24%, or $1.4 million, to $4.2 million compared to $5.6 million for the same period in the prior year[125]. - Distribution segment net sales for the six months ended June 30, 2024 increased 13%, or $20.0 million, to $174.7 million compared to $154.7 million for the same period in the prior year[134]. - Solutions segment net sales for the six months ended June 30, 2024 decreased 19%, or $2.3 million, to $9.8 million compared to $12.1 million for the same period in the prior year[135]. Cash and Dividends - Total dividends paid were $0.8 million during the three months ended June 30, 2024, compared to $0.8 million for the same period in the prior year[95]. - Cash and cash equivalents as of June 30, 2024 increased 33%, or $12.1 million, to $48.4 million compared to $36.3 million as of December 31, 2023[143]. Acquisitions and Corporate Structure - The company completed the acquisition of Data Solutions for approximately €15.0 million (equivalent to $15.9 million USD) on October 6, 2023[121]. - The Company entered into a Membership Interest Purchase Agreement to acquire Douglas Stewart Software & Services, LLC for approximately $20.3 million[142]. - The company has subsidiaries in the United States, Canada, the Netherlands, the United Kingdom, and Ireland, through which sales are made[94]. Profitability and Efficiency - The company has implemented cost efficiencies such as drop shipments and electronic ordering to maintain profitability despite declining gross margins[91]. - The company evaluates profitability based on return on equity and effective margin, with sales impacted by external factors such as IT spending and customer demand[90]. - Effective margin for adjusted EBITDA for the three months ended June 30, 2024, was 37.3%, compared to 34.2% for the same period in the prior year[116]. Rebates and Discounts - Customer rebates and discounts for the three months ended June 30, 2024, were $3.2 million compared to $2.5 million for the same period in the prior year[127]. - Vendor rebates and discounts for the three months ended June 30, 2024, were $1.6 million compared to $2.1 million for the same period in the prior year[128]. Taxation - The effective tax rate for the six months ended June 30, 2024 was 23.6%, down from 24.5% for the same period in the prior year[141].

Climb Global Solutions, Inc. (NASDAQ:CLMB) Q2 2024 Earnings Conference Call August 7, 2024 8:30 AM ET Company Participants Sean Mansouri - IR Advisor, Elevate IR Dale Foster - Chief Executive Officer Drew Clark - Chief Financial Officer Conference Call Participants Vincent Colicchio - Barrington Research Bill Dezellem - Tieton Capital Operator Good morning, everyone, and welcome -- and thank you for participating in today's conference call to discuss Climb Global Solutions financial results for the second q ...

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 ...