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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.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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