Climb Global Solutions Earnings Reports

Climb Global Solutions achieved record financial results in Q4 2024, with net sales rising by 51% to $161.8 million. Net income grew by 33% to $7.0 million, and adjusted net income surged 87% to $10.3 million. The company also recorded a 75% increase in adjusted EBITDA, reaching $16.1 million. Growth was driven by strong organic expansion and contributions from the acquisition of Douglas Stewart Software & Services.

Climb Global Solutions reported a strong third quarter with net sales up 52% to $119.3 million, adjusted gross billings up 65% to $465.2 million, and adjusted EBITDA up 96% to $9.9 million. The company's performance was driven by organic growth and the integration of DSS and DataSolutions.

Climb Global Solutions reported a strong second quarter with a 13% increase in net sales to $92.1 million. Net income more than doubled to $3.4 million, and adjusted EBITDA increased by 48% to $6.9 million. The company also announced the acquisition of Douglas Stewart Software & Services, LLC to expand its offerings in the North America education sector.

Climb Global Solutions reported a 9% increase in net sales to $92.4 million and a 16% increase in adjusted gross billings to $355.3 million. Net income was $2.7 million, or $0.60 per diluted share, while adjusted EBITDA was $5.5 million. The company experienced softer volumes across select key vendors, but expects growth in the back half of the year.

Climb Global Solutions reported a strong Q4 2023 with record levels in net sales, net income, adjusted EBITDA, and EPS. Net sales increased by 20% to $106.8 million, net income increased by 10% to $5.2 million, and adjusted EBITDA increased by 24% to $9.2 million. The results were driven by organic growth and the acquisition of DataSolutions.

Climb Global Solutions reported a 3% increase in net sales to $78.5 million and a 6% increase in net income to $2.4 million, or $0.52 per diluted share, for the third quarter of 2023. Adjusted gross billings increased by 7% to $281.9 million, and adjusted EBITDA increased by 2% to $5.1 million.

Climb Global Solutions reported a 20% increase in net sales to $81.7 million and a 4% increase in Adjusted EBITDA to $4.7 million. The company made strategic investments in operating systems, new personnel, and training and development to reinforce infrastructure for future growth. They believe they are well equipped to deliver growth and profitability objectives in both the U.S. and abroad.

Climb Global Solutions reported a strong first quarter in 2023, with significant growth in net sales, gross profit, net income, and adjusted EBITDA. The company's performance was driven by organic growth and the integration of Spinnakar.

Climb Global Solutions reported an 18% increase in net sales, reaching $88.9 million, a 22% increase in adjusted gross billings reaching $319.8 million, a 28% increase in gross profit reaching $16.1 million, and a 38% increase in net income reaching $4.8 million, or $1.06 per diluted share, and a 44% increase in Adjusted EBITDA reaching $7.4 million for Q4 2022.

Climb Global Solutions reported an 11% increase in net sales to $76.3 million for the third quarter of 2022, with adjusted EBITDA increasing by 17% to $4.9 million. The company's growth was driven by organic expansion from new and existing vendors, along with the acquisition of Spinnakar.

Wayside Technology Group reported improved profitability in Q2 2022, with net income up 56% to $2.8 million and adjusted EBITDA up 27% to $4.5 million. Gross profit also increased by 14%.

Wayside Technology Group reported strong first-quarter results, marked by a 14% increase in net sales, a 79% surge in net income, and a 61% rise in adjusted EBITDA, driven by organic growth and effective margin management.

Wayside Technology Group reported record fourth quarter and full year 2021 results, driven by organic growth, new vendors, and the acquisition of CDF Group Limited. Net income for Q4 increased by 36% to $3.4 million, or $0.78 per diluted share, while adjusted EBITDA increased by 17% to $5.1 million.

Wayside Technology Group reported a 13% increase in net sales to $68.9 million and a 56% increase in gross profit to $11.3 million. Net income increased more than 4x to $2.4 million or $0.55 per diluted share. Adjusted EBITDA more than doubled to a record $4.2 million.

Wayside Technology Group reported a 33% increase in net sales, reaching $75.4 million, and a 68% increase in Adjusted EBITDA, reaching $3.5 million, driven by organic growth initiatives and successful integration of acquisitions.

Wayside Technology Group reported a slight increase in net sales to $62.8 million, a 33% increase in gross profit to $10.8 million, and an 82% increase in net income to $1.5 million, or $0.35 per share, for the first quarter of 2021. Adjusted EBITDA was $2.6 million.

Wayside Technology Group reported record fourth quarter and full year 2020 results, driven by growth across key financial metrics. Net sales, gross billings, and gross profit reached record levels, and the company made progress in its recovery from the pandemic's mid-year lows.

Wayside Technology Group reported a 16% increase in net sales to $60.9 million for Q3 2020, driven by improvements in both net sales and gross profit. The company continued its integration of Interwork and added several new vendors. They also announced the acquisition of CDF Group to expand into the EMEA market.

Wayside Technology Group reported a 12% increase in net sales to $56.6 million for the second quarter of 2020, driven by the acquisition of Interwork Technologies and growth with other vendors. Despite softness in volumes with key vendors impacting margins and profitability, the company's cash position significantly improved due to an early pay discount program.

Wayside Technology Group reported strong Q1 2020 results with a 40% increase in net sales to $62.6 million and a 13% increase in gross profit to $8.2 million. Adjusted EBITDA also saw a significant rise, increasing by 38% to $3.1 million. The company's performance was driven by strong end-market demand and strategic investments, despite the onset of the COVID-19 pandemic.

Wayside Technology Group reported a 24% increase in net sales to $60.9 million and a 16% increase in net income to $2.0 million for the fourth quarter of 2019. Adjusted EBITDA increased by 11% to $2.9 million. The company's Lifeboat Distribution segment saw a 30% increase in net sales, while the TechXtend segment decreased.