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Dec 31, 2019
Climb Global Solutions Q4 2019 Earnings Report
Reported record full year and strong fourth quarter results, driven by investments and initiatives undertaken since 2018.
Key Takeaways
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.
Net sales increased 24% to $60.9 million.
Gross profit increased 9% to $7.9 million.
Net income increased 16% to $2.0 million or $0.45 per share.
Adjusted EBITDA increased 11% to $2.9 million.
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.comRevenue & Expenses
Visualization of income flow from segment revenue to net income