Climb Global Q3 net sales $76.3M (+11%), adj EBITDA +17% to $4.9M; dividend $0.17

Climb Global Solutions, Inc.

2022-Q3 EPS reported $1.74 revenue$215,443,000

Net sales $76.3M (+11% YoY); gross profit $13.5M (+19%); adjusted EBITDA $4.9M (+17%).
Diluted EPS $0.50; excluding FX impact, net income +6% to $2.6M ($0.59 per diluted share).
Board declared $0.17 quarterly dividend, payable Nov 18 to shareholders of record Nov 14.
Completed rebrand to Climb Global Solutions; August acquisition of Spinnakar fully integrated.
Cash $24.1M; debt $1.9M; no borrowings outstanding under $20M or £8M credit facilities.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Climb Global Solutions, Inc. reported third quarter ended September 30, 2022 results: revenue $76.3 million, net income $2.2 million or $0.50 per diluted share, EPS $0.50 per diluted share.

Period: third quarter ended September 30, 2022
Revenue: $76.3 million
Net income: $2.2 million or $0.50 per diluted share
EPS: $0.50 per diluted share
Result: reported results

Exact text from the filing

Net sales in the third quarter of 2022 increased 11% to $76.3 million compared to $68.9 million for the same period in 2021.

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Source: SEC EDGAR

accession 0001558370-22-015999

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