Core Viewpoint - Growth stocks are appealing due to their above-average financial growth, but identifying strong growth stocks is challenging due to inherent volatility and risks [1] Group 1: Company Overview - Climb Global Solutions (CLMB) is identified as a promising growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 23.3%, with projected EPS growth of 52.2% this year, significantly surpassing the industry average of 27.1% [4] Group 2: Financial Metrics - Climb Global's year-over-year cash flow growth is 10.6%, outperforming the industry average of -21.7% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 27.3%, compared to the industry average of 11.9% [6] Group 3: Earnings Estimates - The current-year earnings estimates for Climb Global have increased by 26.2% over the past month, indicating a positive trend in earnings estimate revisions [8] - The combination of strong earnings estimate revisions and a Growth Score of A positions Climb Global for potential outperformance [9][10]

Investors looking for stocks in the Technology Services sector might want to consider either Climb Global Solutions (CLMB) or QXO, Inc. (QXO) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with posit ...

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Climb Global Solutions (CLMB) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question.Climb Global Solutions is one of 307 individual stocks in the Business Ser ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 000-26408 Climb Global Solutions, Inc. (Exact name of registrant as specified in its charter) Delaware 13-3136104 (State or ...

Financial Data and Key Metrics Changes - Adjusted gross billings (AGB) increased 65% to $465.2 million compared to $281.9 million in the year-ago quarter [15] - Net sales increased 52% to $119.3 million compared to $78.5 million [15] - Gross profit increased 70% to $24.3 million compared to $14.3 million [17] - Net income more than doubled to $5.5 million or $1.19 per diluted share compared to $2.4 million or $0.52 per diluted share for the comparable period in 2023 [20] - Adjusted EBITDA increased 96% to $9.9 million compared to $5.1 million in the prior year quarter [22] Business Line Data and Key Metrics Changes - Growth in AGB was attributed to organic growth from new and existing vendors and contributions from acquisitions, with DSS and DataSolutions combined accounting for $81.3 million or 44% of the growth in AGB [16] - Core business grew by $102 million, representing 56% of the increase and year-over-year growth of 36% [16] - SG&A expenses increased to $13.9 million from $10.1 million, but as a percentage of AGB, it decreased to 3% from 3.6% [19] Market Data and Key Metrics Changes - The company generated double-digit organic growth in both the U.S. and Europe [7] - The company is building its presence in Germany, a key market in Western Europe, with a dedicated team on the ground [10][11] Company Strategy and Development Direction - The company remains focused on leveraging its global infrastructure to drive organic growth while exploring M&A targets that enhance geographic footprint and service offerings [13] - The company plans to continue its M&A strategy, particularly in Western Europe, while maintaining a strong balance sheet [24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the pipeline for onboarding new vendors and noted that the macro environment remains strong [41][43] - The company anticipates a strong fourth quarter, driven by budget renewals and a robust operational momentum [40] Other Important Information - The company went live with a new ERP system, which is expected to enhance operations over time [12] - Cash and cash equivalents were $22.1 million as of September 30, 2024, down from $36.3 million at the end of 2023, primarily due to acquisition-related cash payments [23] Q&A Session Summary Question: Did the top 20 vendors grow in line with the overall business? - Management indicated that while not all top 20 vendors grew, the core vendors were driving organic growth [26][27] Question: Is security driving lead growth among technology segments? - Management confirmed that security remains a significant driver, with many vendors focusing on security solutions [29][30] Question: Are adjusted SG&A levels sustainable? - Management aims to keep SG&A as a percentage of AGB in the 3% range, benefiting from scale and leverage [31] Question: Will the DACH region become a priority for acquisition? - Management confirmed that the DACH region is a priority for future acquisitions, supported by local market analysis [32] Question: Will there be a pause before another acquisition? - Management indicated that they plan for 1 to 2 acquisitions per year, depending on the size and opportunity [33] Question: What are the acquisition-related costs for this quarter? - Management clarified that acquisition-related costs were primarily for professional services associated with transactions [36] Question: How does the acquisition mindset impact deal closures? - Management believes that a focus on culture and integration helps in closing more deals [38] Question: Will the fourth quarter be stronger than previous quarters? - Management expects the fourth quarter to be strong, driven by budget renewals and historical trends [40] Question: How is the macro environment perceived? - Management characterized the macro environment as strong, with a solid pipeline for new vendor onboarding [41][43]

Company Performance - Climb Global Solutions (CLMB) reported quarterly earnings of $1.55 per share, exceeding the Zacks Consensus Estimate of $0.85 per share, and up from $0.52 per share a year ago, representing an earnings surprise of 82.35% [1] - The company posted revenues of $119.35 million for the quarter ended September 2024, which was 2.33% below the Zacks Consensus Estimate, compared to $78.46 million in the same quarter last year [2] - Over the last four quarters, Climb Global has surpassed consensus EPS estimates three times, but has only topped consensus revenue estimates once [2] Stock Performance - Climb Global shares have increased approximately 93.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is $0.96 on revenues of $126.95 million, and for the current fiscal year, it is $3.28 on revenues of $433.63 million [7] Industry Outlook - The Technology Services industry, to which Climb Global belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]

Exhibit 99.1 Climb Global Solutions Reports Record Third Quarter 2024 Results Net Income and Adjusted Net Income up more than 2x to $5.5 Million or $1.19 per Share and $7.1 million or $1.55 per share, respectively; Adjusted EBITDA up 96% to $9.9 Million Net Sales up 52% to $119.3 Million, with Adjusted Gross Billings up 65% to $465.2 Million EATONTOWN, N.J., October 30, 2024 – Climb Global Solutions, Inc. (NASDAQ:CLMB) ("Climb", the "Company", "we", or "our"), a value-added global IT channel company providi ...

EATONTOWN, N.J., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) announced the addition of FinQuery to their North American line card. FinQuery's unified, AI-powered platform empowers companies to take control of their software assets and contracts. The Software Management platform provides full visibility and streamlined management, enabling partners to optimize spending, ...

Climb Global Solutions (CLMB) shares rallied 7% in the last trading session to close at $103.77. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 10.4% gain over the past four weeks. The company is benefiting from organic growth, driven by strong relationships with existing partners, signing emerging technology vendors to its line card and delivering on the goals of acquisitions. This computer software reselle ...

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 ...