secwatch.observer — SEC 8-K summary
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Issuer:     Climb Global Solutions, Inc. (CLMB)
CIK:        0000945983
Form:       8-K
Filed at:   2023-03-01T23:59:59+00:00
Accession:  0001558370-23-002583
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Climb Global Solutions posts record FY 2022 net income of $12.5M, up 36% YoY; Q4 net sales up 18% to $88.9M
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- Q4 net sales $88.9M (+18% YoY); Q4 net income $4.8M ($1.06/diluted share) vs $3.4M ($0.78) in prior year.
- FY 2022 net sales $304.3M (+8%); net income $12.5M ($2.81/diluted share) vs $9.2M ($2.09) in 2021.
- Adjusted EBITDA for FY 2022 increased 36% to $21.1M; Q4 adjusted EBITDA up 44% to $7.4M.
- Board declared quarterly dividend of $0.17/share, payable March 17, 2023 to holders of record March 13, 2023.
- Acquisition of Spinnakar contributed; cash and equivalents $20.2M at year-end; no borrowings on credit facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/945983/000155837023002583/0001558370-23-002583-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/945983/000155837023002583/clmb-20230301x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-002583

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