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Climb Global Solutions (CLMB)
NASDAQ:CLMB
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.89Last Year’s EPS
0.6Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 05, 2025
|% Change Since: -7.27%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Climb Global Solutions experienced a strong year with record-breaking financial performance, driven by strategic acquisitions and organic growth. While there were some challenges, such as a decrease in the Solutions segment and cash flow impacts, the overall outlook is positive with new leadership and strategic initiatives set to drive future growth.Company Guidance
In the conference call discussing Climb Global Solutions' financial results for the fourth quarter and full year ended December 31, 2024, the company provided robust guidance and highlighted several key metrics. Gross billings increased by 52% to $605 million compared to the previous year, with the distribution segment seeing a 57% rise to $582 million. Net sales grew by 51% to $161.8 million, driven by organic growth and contributions from the acquisition of DSS. The company's gross profit rose by 48% to $31.2 million, and adjusted EBITDA surged 75% to $16.1 million, reflecting improved operational efficiency. The adjusted net income soared 87% to $10.3 million, indicating strong profitability. The company maintained a healthy balance sheet with $29.8 million in cash and cash equivalents, despite a decrease due to the DSS acquisition. Climb Global Solutions also declared a quarterly dividend of $0.17 per share, reinforcing its commitment to shareholder returns while pursuing both organic and inorganic growth opportunities.Record Annual Performance
Climb Global Solutions achieved another year of record results across all key financial metrics, highlighting successful execution of core initiatives.
Significant Increase in Gross Billings
Gross billings increased by 52% to $605 million, compared to $397 million in the prior year quarter, driven by organic growth and acquisitions.
Net Sales Growth
Net sales in the fourth quarter of 2024 increased by 51% to $161.8 million, reflecting strong performance from new and existing vendors.
Adjusted Net Income Surge
Adjusted net income increased by 87% to $10.3 million or $2.26 per diluted share, compared to $5.5 million or $1.21 per diluted share in the previous year.
Leadership and Strategic Initiatives
Climb announced new leadership appointments, including a new CFO and CMO, to drive growth and strategic vision forward.
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CLMB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 05, 2025 | $118.63 | $133.79 | +12.78% |
| Oct 30, 2024 | $105.27 | $102.09 | -3.02% |
| Aug 06, 2024 | $64.74 | $73.17 | +13.02% |
| May 01, 2024 | $65.51 | $58.62 | -10.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Climb Global Solutions (CLMB) report earnings?
Climb Global Solutions (CLMB) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Climb Global Solutions (CLMB) earnings time?
Climb Global Solutions (CLMB) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLMB EPS forecast?
CLMB EPS forecast for the fiscal quarter 2025 (Q1) is 0.89.
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