Climb Global Solutions Q1: Net sales up 19% to $85M, net income up 23% to $3.3M

Climb Global Solutions, Inc.

2023-Q1 EPS reported $0.74 revenue$85,040,000

Net sales $85.0M (+19% YoY); net income $3.3M (+23%); diluted EPS $0.74 vs $0.61.
Adjusted EBITDA $5.7M (+33%); effective margin (adj EBITDA/gross profit) 37.2% vs 35.5%.
Gross profit $15.2M (+27%); driven by organic growth + Spinnakar acquisition contribution.
Quarterly dividend declared $0.17/share on May 2, payable May 19 to holders of record May 15.
Cash and equivalents $61.7M at March 31; $1.7M debt outstanding.

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 the first quarter ended March 31, 2023 results: revenue $85.0 million, net income $3.3 million, EPS $0.74 per diluted share.

Period: the first quarter ended March 31, 2023
Revenue: $85.0 million
Net income: $3.3 million
EPS: $0.74 per diluted share
Result: reported results

Exact text from the filing

Climb Global Solutions Reports First Quarter 2023 Results Net Sales up 19% to $85.0 Million; Net Income up 23% to $3.3 Million or $0.74 per Share; Adjusted EBITDA (non-GAAP) up 33% to $5.7 Million Eighth Consecutive Quarter of Double-Digit Profitability Improvements EATONTOWN, N.J., May 3, 2023 -- Climb Global Solutions, Inc.

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

Climb Global Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-007836

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.