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Mar 31, 2020
Climb Global Solutions Q1 2020 Earnings Report
Net sales increased, gross profit increased, and adjusted EBITDA increased.
Key Takeaways
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.
Net sales increased 40% to $62.6 million.
Gross profit increased 13% to $8.2 million.
Adjusted EBITDA increased 38% to $3.1 million.
Net income was $0.8 million or $0.18 per share.
Climb Global Solutions
Climb Global Solutions
Climb Global Solutions Revenue by Segment
Revenue by Segment
Distribution Gross Billings Revenue
CapyFin.comSolutions Gross Billings Revenue
CapyFin.com Forward Guidance
Wayside Technology Group expects to leverage its scale to continue meeting the needs of its vendors and customers and flowing through a significant portion of its gross profit growth to the bottom line in 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income