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Dec 31, 2024
Climb Global Solutions Q4 2024 Earnings Report
Climb Global Solutions reported record Q4 2024 earnings with significant growth in revenue, net income, and adjusted EBITDA.
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
Revenue by Segment
Distribution Gross Billings Revenue
CapyFin.comSolutions Gross Billings Revenue
CapyFin.com 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