EATONTOWN, N.J., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB) announces North American Distribution Partnership with Forcepoint, a global data security leader. Forcepoint helps organizations know what data matters, adapt security as risk changes and protect sensitive information at scale. The company’s AI-native, unified data security platform extends visibility and con ...

Core Viewpoint - GCL Global Holdings Ltd has completed the acquisition of Ban Leong Technologies Limited through its subsidiary Epicsoft Asia, and has filed a Form 6-K with the SEC detailing this transaction [1][7]. Company Overview - GCL Global Holdings Ltd is a prominent provider of games and entertainment, focusing on immersive experiences and engaging content for gaming communities, particularly in the rapidly growing Asian gaming market [3][4]. - Epicsoft Asia, a subsidiary of GCL, is a leading distributor of interactive entertainment software, with a strong network and successful track record in game launches across Taiwan, Hong Kong, and Southeast Asia [4]. - Ban Leong Technologies Limited, incorporated in Singapore in 1993 and listed on the Singapore Stock Exchange in 2005, specializes in the wholesale and distribution of computer peripherals and multimedia products, with key segments including IT accessories and gaming [5]. Financial Information - The Form 6-K includes audited financial statements for Ban Leong for the fiscal years ending March 31, 2024, and March 31, 2025 [7]. - It also presents unaudited pro forma condensed combined statements of income and comprehensive income, reflecting the business acquisition as if it had occurred on April 1, 2024, and a combined balance sheet as of March 31, 2025 [7].

Core Viewpoint - GCL Global Holdings Ltd has successfully completed the compulsory acquisition of Ban Leong Technologies Limited, which will be delisted from the Singapore Stock Exchange, marking a significant milestone for both companies in enhancing their market presence and operational capabilities [1][3]. Company Overview - GCL Global Holdings Ltd is a leading provider of games and entertainment, with a focus on bridging Asian-developed intellectual property to a global audience [5]. - Ban Leong Technologies Limited has been a prominent distributor of technology products in Asia for over three decades, offering a wide range of products including IT accessories, gaming components, and smart devices [2][9]. Acquisition Details - The acquisition of Ban Leong is expected to unlock new opportunities, fuel innovation, and enhance GCL's ability to deliver technology solutions across Asia [3]. - Ban Leong will leverage GCL's global ecosystem and distribution network to accelerate growth and create value for customers and partners [3][4]. Strategic Synergies - The combination of GCL and Ban Leong is anticipated to result in significant synergies, including operational efficiencies, economies of scale, and new revenue streams [4]. - Initiatives such as introducing branded gaming devices pre-installed with GCL game titles and expanding B2C offerings for gaming peripherals are planned to enhance market positioning [4].

Financial Data and Key Metrics Changes - Net sales for Q4 grew almost 9% year over year, while adjusted EBITDA grew 13% and non-GAAP net income grew 17% over last year [9] - Q4 non-GAAP earnings per share of $1.02 grew 27.5% year over year [10] - Full year net sales totaled just over $3 billion, a year-over-year decline of 6.7%, while gross profits grew by 2.4% to $408.6 million [12] - Non-GAAP net income of $85.1 million increased by 9.6% over last year, with full year free cash flow of $104 million representing 122% conversion of non-GAAP net income [13] Business Segment Data and Key Metrics Changes - Specialty Technology Solutions segment net sales increased 9% year over year and 16% quarter over quarter, driven by hardware growth in North America [10] - Intellisys and Advisory segment net sales and gross profits increased 1% year over year, but adjusted EBITDA declined 4% due to increased investments in SG&A [11] - Annual end user billing for Intelisys increased 4.5% year over year, totaling approximately $2.8 billion [12] Market Data and Key Metrics Changes - Brazil's business model is transitioning to focus more on cloud and recurring products, with growth in local currency despite economic challenges [51][54] - The company is experiencing competitive pressures in the Intelisys segment due to private equity-backed competitors [39] Company Strategy and Development Direction - The company is focusing on building capabilities in converged solutions, integrating hardware, software, and services [7] - A new business development team, LaunchPoint, has been created to assist emerging technology companies [6] - The company aims to increase the percentage of gross profits from recurring revenues to 50% over the next three years [44][46] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in growth opportunities despite navigating a dynamic macro environment [15][16] - The company anticipates low single-digit growth in the first half of fiscal year 2026, with expectations for acceleration in the second half [15][16] Other Important Information - The company ended Q4 with $126 million in cash and a net debt leverage ratio of approximately zero [13] - Share repurchases totaled $25 million for the quarter, with ongoing acquisition targets to expand capabilities [14] Q&A Session Summary Question: Discussion on midterm targets and free cash flow - Management emphasized the importance of free cash flow conversion as a metric for long-term outlook and capital allocation priorities [21][22] Question: Strategic investments in the Intelisys segment - Management discussed a new partner segmentation strategy and investments to support growth in the Intelisys business [27][29] Question: Expectations for the Intelisys business in 2026 - Management indicated a focus on adding new suppliers and sales resources to drive growth in the Intelisys segment [41] Question: Guidance for next year and factors affecting EBITDA - Management highlighted the importance of investments and mix in determining the range for adjusted EBITDA growth [42][43] Question: Recurring revenue as a driver of gross profits - Management noted that acquisitions and emerging technologies will contribute to increasing recurring revenue [44][46] Question: Growth in technology segment and market outlook for Brazil - Management acknowledged strong growth in the technology segment but noted challenges in Brazil due to economic conditions [49][51]

Financial Data and Key Metrics Changes - Gross billings increased by 39% to $500.6 million compared to $359.8 million in the prior year quarter [13] - Net sales rose by 73% to $159.3 million from $92.1 million, driven by organic growth and contributions from the acquisition of Douglas Stewart Software (DSS) [13] - Net income increased by 74% to $6 million or $1.3 per diluted share, compared to $3.4 million or $0.75 per diluted share in the previous year [14] - Adjusted EBITDA grew by 64% to $11.4 million, with an effective margin increase of 600 basis points to 43.3% [15][16] Business Line Data and Key Metrics Changes - Distribution segment gross billings increased by 40% to $477 million, while solutions segment gross billings rose by 19% to $23.5 million [13] - The acquisition of DSS contributed significantly to the growth, particularly in the education sector as schools prepare for the new academic year [6][14] Market Data and Key Metrics Changes - The company experienced double-digit organic growth in both the US and Europe, indicating a strong market presence [6] - The company evaluated 50 potential vendor partnerships in Q2, moving forward with four, reflecting a disciplined approach to vendor selection [7] Company Strategy and Development Direction - The company is focused on building momentum from the first half of the year by executing strategic priorities, including exploring M&A opportunities that align with long-term vision [12][13] - The appointment of new executives, including a Chief Information Officer and a President of North America, aims to enhance leadership and drive growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management does not foresee economic headwinds affecting business growth, citing a robust pipeline of vendors and continued investment in the IT market [55] - The company remains optimistic about its growth potential, viewing itself as a small player in a large market with significant room for expansion [40][41] Other Important Information - Cash and cash equivalents were $28.6 million as of June 30, 2025, with a working capital increase of $12.2 million during the period [17] - The Board of Directors declared a quarterly dividend of $0.17 per share, payable on August 15, 2025 [17] Q&A Session Summary Question: Did security and data center continue to lead growth in the quarter? - Yes, security and data center remain the top growth areas, with security being the stronger segment [20][21] Question: How did the top 20 vendors perform? - Some vendors in the bottom tier are lagging, but others are performing well, with new entrants expected to impact the second half of the year positively [22] Question: Were there any large deals that contributed to this quarter's strength? - A significant order was pulled into Q2 from Q3, contributing to the strong performance, but organic growth remained robust [25] Question: Are there meaningful synergies from the Douglas Stewart acquisition? - Yes, integration into the ERP system is underway, and the team is already quoting and processing orders [26] Question: Any signs of economic headwinds? - No signs of economic headwinds are observed, with a strong pipeline of vendors and continued investment in the IT market [55]

Core Insights - TD SYNNEX reported strong Q2 fiscal 2025 earnings, with non-GAAP earnings of $2.99 per share, exceeding estimates by 11.15% and reflecting a 9.5% year-over-year increase [2] - Revenues for the quarter reached $14.9 billion, a 7.2% year-over-year growth, surpassing consensus estimates by 4.38% [2] - The company has seen a positive stock performance, with shares increasing by 5.8% since the last earnings report, outperforming the S&P 500 [1] Financial Performance - Endpoint Solutions revenues were $7.5 billion, showing a 12% year-over-year growth, while Advanced Solutions revenues reached $7.4 billion, reflecting a 2% year-over-year growth [3] - Non-GAAP gross profit increased by 7.5% year-over-year to $1,046.4 million, with a gross margin of 7%, up 2 basis points [3] - Adjusted SG&A expenses rose to $632.3 million from $585.5 million year-over-year, but as a percentage of revenues, they contracted to 4.8% [4] Cash Flow and Shareholder Returns - Cash provided by operational activities was $573.2 million, a significant improvement from a cash outflow of $748 million in the previous quarter [7] - Free cash flow for the quarter was $543 million, compared to a negative $790 million in the prior quarter [7] - The company announced a 10% increase in its quarterly cash dividend to 44 cents per share, demonstrating a commitment to returning value to shareholders [8] Future Guidance - For Q3 fiscal 2025, TD SYNNEX expects revenues between $14.7 billion and $15.5 billion, with non-GAAP earnings projected at $2.75 to $3.25 per share [9] - Non-GAAP net income is anticipated to be between $227 million and $268 million [9] Market Sentiment - Recent estimates for the stock have shown a downward trend, indicating cautious sentiment among investors [10] - The company holds a Zacks Rank 3 (Hold), suggesting an expectation of in-line returns in the coming months [12]

Core Insights - Climb Channel Solutions has added SiteDocs to its Bluebeam portfolio, enhancing its offerings for the architecture, engineering, and construction (AEC) industry [1][2] - The partnership aims to deliver comprehensive solutions that improve safety and operational efficiency in the construction sector [2][4] - SiteDocs, a safety compliance platform, digitizes safety workflows and provides real-time jobsite visibility, complementing Bluebeam's document management tools [2][3] Company Overview - Climb Channel Solutions is a global specialty technology distributor focused on various sectors including Security, Data Management, and Cloud solutions [6] - The company emphasizes a data-driven approach to distribution, aiming to bring emerging technologies to market more rapidly [6] Product Features - SiteDocs offers tools for real-time documentation, customizable safety forms, and mobile accessibility, which enhance safety management and compliance [9][8] - The integration of SiteDocs with Bluebeam's tools creates a unique solution that connects office and field operations, improving safety standards [3][4] Strategic Importance - The partnership is positioned to address growing regulatory demands and workplace safety concerns, placing Climb, Bluebeam, and SiteDocs at the forefront of innovation in the construction industry [4][5] - Climb's CEO highlighted that adding SiteDocs is a significant move to empower resellers and drive impactful safety outcomes [5]

Core Insights - Climb Channel Solutions has entered into a distribution agreement with Egnyte, enhancing its portfolio with a cloud-native platform for secure content collaboration [1][2] - This partnership aims to expand access to transformative technologies for partners and customers across the United States, catering to both SMB and enterprise environments [2][4] Company Overview - Climb Channel Solutions is a global specialty technology distributor focusing on various sectors including Security, Data Management, and Cloud solutions, emphasizing a data-driven approach to accelerate market entry for emerging technologies [5] - Egnyte is recognized for its intelligent content platform that integrates cloud content management, data security, and AI, serving over 22,000 customers across multiple industries [7] Partnership Details - The collaboration is designed to enhance Egnyte's Partner Program, which focuses on profitability, enablement, and simplicity, thereby supporting a broader network of solution partners [3] - Climb's extensive reseller network is expected to facilitate Egnyte's growth by providing agile supply chain support, technical assistance, and competitive pricing [3][4]

Core Insights - TD SYNNEX reported revenue of $14.95 billion for the quarter ended May 2025, reflecting a year-over-year increase of 7.2% and surpassing the Zacks Consensus Estimate by 4.38% [1] - Earnings per share (EPS) for the quarter was $2.99, up from $2.73 in the same quarter last year, exceeding the consensus EPS estimate of $2.69 by 11.15% [1] Revenue Breakdown - Revenue from the Americas was $9.01 billion, exceeding the two-analyst average estimate of $8.74 billion, with a year-over-year change of 5.3% [4] - Revenue from the Asia-Pacific and Japan region was $1.05 billion, surpassing the two-analyst average estimate of $1.03 billion, representing an 8.7% year-over-year increase [4] - Revenue from Europe reached $4.89 billion, compared to the average estimate of $4.54 billion based on two analysts, showing a year-over-year change of 10.5% [4] Stock Performance - Over the past month, TD SYNNEX shares have returned 5.1%, outperforming the Zacks S&P 500 composite's return of 3.9% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Core Insights - Climb Channel Solutions has been recognized for its leadership in the IT channel, with nine women named to the 2025 Women of the Channel list and Kim Stevens, the Chief Marketing Officer, included in the Power 100 subset [1][2][5] Company Recognition - The CRN Women of the Channel list honors women from various organizations who positively impact the IT ecosystem, showcasing their commitment to channel excellence [2][3] - Climb Channel Solutions celebrates the achievements of its nine honorees, including six repeat awardees, highlighting their influence on the company's growth and culture of excellence [5][6] Leadership Statements - Jennifer Follett, VP at CRN, emphasized the exceptional dedication of the honorees in driving transformation and success within the IT channel [3] - Kim Stevens expressed gratitude for being part of the Power 100 and acknowledged the supportive culture at Climb that empowers women to excel [7] Honorees List - The following women from Climb Channel Solutions were recognized: - Kim Stevens, CMO - Danielle Franco, VP of Operations - Erin King, Director, Premier Accounts - Katie Kunker, Regional Sales Director, Southeast - Jessica Lindof, Regional Sales Director, Northeast - Jennifer Mish, Director of Corporate Marketing - Michelle Boers, Director of National Accounts - Sarah Peters, Director of National Alliances - Nicole Shanley, Sr. Director of Order Services - Sandy DeVico, Director of National Accounts [8]