Climb Global Solutions Q2 net sales up 20% to $81.7M; adjusted EPS +14% to $0.72

Climb Global Solutions, Inc.

2023-Q2 EPS reported $1.05 revenue$166,771,000

GAAP net income $1.4M ($0.31/diluted share) vs. $2.8M ($0.63) YoY, down due to $1.8M CEO stock grant.
Adjusted net income rose 12% to $3.1M ($0.72/diluted); adjusted EBITDA up 4% to $4.7M.
Gross profit +10% to $13.7M; adjusted gross billings +14% to $274.7M.
Cash and equivalents $43.9M at June 30, 2023; $50M revolver undrawn; $1.6M term loan outstanding.
Board declared Q3 dividend of $0.17/share, payable Aug 18 to holders of record Aug 14.

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 second quarter ended June 30, 2023 results: revenue $81.7 million, net income $1.4 million or $0.31 per diluted share, EPS $0.31 per diluted share.

Period: the second quarter ended June 30, 2023
Revenue: $81.7 million
Net income: $1.4 million or $0.31 per diluted share
EPS: $0.31 per diluted share
Result: reported results

Exact text from the filing

Climb Global Solutions Reports Second Quarter 2023 Results Net Sales Up 20% YoY to $81.7 Million Ninth Consecutive Quarter of Profitability Improvements

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Climb Global Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-012921

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