•
Jun 30, 2022
Climb Global Solutions Q2 2022 Earnings Report
Net income and adjusted EBITDA increased, driven by improved profitability.
Key Takeaways
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%.
Net sales were $67.9 million compared to $75.4 million.
Adjusted gross billings increased 3% to $241.8 million.
Gross profit increased 14% to $12.5 million.
Net income increased 56% to $2.8 million or $0.63 per diluted share.