Our basic and diluted earnings per share are computed using the two-class method. The twoclass method is an earnings allocation method that determines net income per share for each class of common stock and participating securities according to their participation rights in dividends and undistributed earnings or losses. Non-vested restricted stock awards that include non-forfeitable rights to dividends are considered participating securities. Per share amounts are computed by dividing net income available ...

February 28, 2024 Climb Global Solutions Reports Fourth Quarter and Full Year 2023 Results Q4 2023 Net Sales, Net Income, Adjusted EBITDAand EPS Increase to Record Levels FY 2023 Net Sales Increased 16% to a Record $352.0 Million with Net Income of $12.3 Million or $2.72 per Share; FY Adjusted EBITDA up 16% to $24.6 Million EATONTOWN, N.J., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQ:CLMB) ("Climb", the "Company", "we", or "our"), a value-added global IT channel company providing ...

Financial Data and Key Metrics Changes - Net sales in Q4 2023 increased by 20% to $106.8 million compared to $88.9 million in Q4 2022, driven by organic growth and contributions from the acquisition of DataSolutions [38][30] - Adjusted gross billings (AGB) rose by 24% to $397 million from $319.8 million year-over-year [43] - Net income for Q4 2023 increased by 10% to $5.2 million or $1.15 per diluted share, compared to $4.8 million or $1.06 per diluted share in Q4 2022 [40] - SG&A expenses in Q4 were $12.4 million, up from $9.1 million in the same period last year, with SG&A as a percentage of AGB at 3.1% compared to 2.9% [39] Business Line Data and Key Metrics Changes - The acquisition of DataSolutions contributed approximately 40% to the gross growth in AGB for the quarter, with the remainder coming from organic growth with existing vendors [57] - Gross profit in Q4 increased by 31% to $21.1 million, with gross profit as a percentage of AGB rising to 5.3% from 5% in the prior period [45] Market Data and Key Metrics Changes - The company reported robust recurring revenue, with over 90% of fiscal 2023 revenue coming from existing reseller partners [26] - The European market remains competitive but has not shown significant softening, with a diverse portfolio helping to mitigate risks [9] Company Strategy and Development Direction - The company aims to leverage its global footprint and drive organic growth while expanding its vendor partnerships [41] - There is a focus on pursuing M&A opportunities both domestically and internationally to broaden geographic reach and enhance solution offerings [41] - The company is integrating DataSolutions into its operations to unlock additional benefits and cross-selling opportunities [26][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the tech environment, noting a robust pipeline of vendors and no significant signs of softening in demand [9] - The company anticipates some cyclicality in its business, particularly with DataSolutions, but expects overall growth compared to the previous year [58] - Management highlighted the potential for doubling the business by 2026 through a combination of organic growth and acquisitions [70] Other Important Information - The company declared a quarterly dividend of $0.17 per share, payable on March 15, 2024 [47] - Cash and cash equivalents increased to $36.3 million as of December 31, 2023, compared to $20.2 million a year earlier [52] Q&A Session Summary Question: How sustainable are the adjusted gross margin levels? - Management indicated that overseas solutions contribute to a stable margin profile, with higher margins in the European market compared to the U.S. [3] Question: What is the breakdown of growth in adjusted gross billings? - Approximately 40% of the growth in AGB was attributed to DataSolutions, with the rest coming from organic growth with existing vendors [57] Question: How does the company view the tech and economic environment now? - Management noted that they have not seen significant softening in demand and have a diverse portfolio to mitigate risks [9] Question: What are the dynamics behind larger orders versus SaaS models? - Management explained that larger orders often involve hardware components and significant investments, particularly in the data center space [64] Question: Can you discuss the potential for future growth and market penetration? - Management expressed confidence in the ability to continue achieving 20% year-over-year growth and highlighted the potential for significant market opportunities [70]

Exhibit 99.1 Climb Global Solutions Reports Fourth Quarter and Full Year 2023 Results Q4 2023 Net Sales, Net Income, Adjusted EBITDA and EPS Increase to Record Levels FY 2023 Net Sales Increased 16% to a Record $352.0 Million with Net Income of $12.3 Million or $2.72 per Share; FY Adjusted EBITDA up 16% to $24.6 Million ● Net sales increased 20% to $106.8 million. ● Adjusted gross billings (a non-GAAP financial measure defined below) increased 24% to $397.0 million. ● Net income increased 10% to $5.2 millio ...

EATONTOWN, N.J., Feb. 15, 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 Thursday, February 29, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2023. The Company's results will be reported in a press release prior to the call. Climb's ...

EATONTOWN, N.J., Jan. 26, 2024 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ:CLMB) has been named Distributor of the Year in both North America and EMEA by Wasabi Technologies, the hot cloud storage company, in the inaugural Wasabi Partner Network Awards. This new awards program recognizes Wasabi partners that have gone above and beyond in 2023, through outstanding growth, innovative solution ...

Financial Data and Key Metrics Changes - Gross profit in Q3 2023 increased by 6% to $14.3 million compared to $13.5 million in Q3 2022, driven by organic growth from new vendors [9] - Net income rose by 6% to $2.4 million or $0.52 per diluted share, compared to $2.2 million or $0.50 per diluted share in the prior year [10] - Adjusted gross billings (AGB) increased by 7% to $281.9 million from $264.3 million year-over-year [23] - Net sales increased approximately 3% to $78.5 million compared to $76.3 million in the previous year [23] - Adjusted EBITDA increased by 2% to $5.1 million, with an effective margin of 34.5% compared to 36.6% in the year-ago period [25] Business Line Data and Key Metrics Changes - The company signed agreements with three new vendors out of 29 evaluated in Q3, including a partnership with GigaIO for data center solutions [5] - The acquisition of DataSolutions is expected to be immediately accretive to earnings and adjusted EBITDA, with over 90% of their fiscal 2023 revenue coming from existing partners [6] Market Data and Key Metrics Changes - Customer sentiment for the upcoming year remains positive despite broader economic challenges [7] - The company noted some softness in the hardware sector, particularly among larger competitors, but remains optimistic about its positioning [7] Company Strategy and Development Direction - The company aims to maintain a focused vendor line card by selecting innovative technology companies and is committed to a diligent M&A strategy to bolster its offerings [5][22] - The rebranding of its technical services division to Climb Global Services signifies a commitment to unify operations and expand service offerings [21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting or exceeding Q4 results from the previous year, despite potential economic headwinds [41] - The company is optimistic about the integration of DataSolutions and its potential to enhance market share in Europe [19][22] Other Important Information - Cash and cash equivalents increased to $49.8 million as of September 30, 2023, compared to $20.2 million at the end of 2022 [11] - The Board of Directors declared a quarterly dividend of $0.17 per share, payable on November 17, 2023 [11] Q&A Session Summary Question: What type of revenue contribution is expected from DataSolutions in Q4 and 2024? - Management indicated that DataSolutions will be accretive at the top line and EBITDA, but specific numbers were not disclosed [14][37] Question: Can you provide details on the acquisition pricing and multiples? - The acquisition was priced at around 5 times EBITDA, with an earn-out range of 85% to 115% of the EBITDA number [33][34] Question: How is the organic growth trending, and what are the dynamics behind the 7% growth in adjusted gross billings? - The company reported mid-single-digit growth in adjusted gross billings despite headwinds in the hardware sector, maintaining confidence in future performance [70] Question: What is the tax situation regarding the DataSolutions acquisition? - The company is exploring tax advantages related to the Irish domicile of DataSolutions, with a corporate tax rate of 12.5% [72]

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR (732) 389-8950 Registrant's Telephone Number Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b ...

Climb Global Solutions (NASDAQ:CLMB) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Sean Mansouri - IR Advisor, Elevate IR Dale Foster - CEO Andrew Clark - CFO Conference Call Participants Vincent Colicchio - Barrington Research Operator Good morning, everyone, and thank you for participating in today's conference call to discuss Climb Global Solutions' financial results for the Second Quarter Ended June 30, 2023. Joining us today are Climb's CEO, Mr. Dale Foster; the compan ...

(2) Includes net sales from third-party maintenance, software support and services. Our Company is a value added IT distribution and solutions company, primarily selling software and other third-party IT products and services through two reportable operating segments. Through our "Distribution" segment we sell products and services to corporate resellers, value added resellers (VARs), consultants and systems integrators worldwide, who in turn sell these products to end users. Through our "Solutions" segment ...