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Sep 30, 2022
Climb Global Solutions Q3 2022 Earnings Report
Net sales increased by 11% year-over-year to $76.3 million, with adjusted EBITDA growing by 17% to $4.9 million.
Key Takeaways
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.
Net sales increased 11% to $76.3 million.
Adjusted gross billings increased 17% to $264.3 million.
Gross profit increased 19% to $13.5 million.
Adjusted EBITDA increased 17% to $4.9 million.
Forward Guidance
Climb Global Solutions anticipates another record year of performance for 2022 and foresees carrying this momentum into 2023, operating under the Climb Global Solutions brand.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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