Climb Global Solutions Q4 2024 Earnings Report
Key Takeaways
Climb Global Solutions achieved record financial results in Q4 2024, with net sales rising by 51% to $161.8 million. Net income grew by 33% to $7.0 million, and adjusted net income surged 87% to $10.3 million. The company also recorded a 75% increase in adjusted EBITDA, reaching $16.1 million. Growth was driven by strong organic expansion and contributions from the acquisition of Douglas Stewart Software & Services.
Net sales increased by 51% year-over-year to $161.8 million.
Net income grew by 33% to $7.0 million, while adjusted net income rose 87% to $10.3 million.
Gross profit increased by 48% to $31.2 million.
Adjusted EBITDA surged by 75% to $16.1 million.
Climb Global Solutions
Climb Global Solutions
Climb Global Solutions Revenue by Segment
Forward Guidance
Climb Global Solutions expects to continue its strong organic growth, improve operating leverage, and explore further M&A opportunities to expand its market reach.
Positive Outlook
- Strong organic growth in North America and Europe.
- Improving operational efficiency with ERP implementation.
- Continued focus on partnerships with innovative technology vendors.
- Potential for strategic acquisitions to enhance service offerings.
- Robust balance sheet supporting future expansion.
Challenges Ahead
- Integration risks associated with recent acquisitions.
- Potential challenges in maintaining high growth rates.
- Macroeconomic factors that could impact IT spending.
- Increased competition in the IT distribution space.
- Fluctuations in foreign exchange rates affecting international operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income