Climb Global Solutions Q3 net sales up 3% to $78.5M, EPS $0.52, declares $0.17 dividend

Climb Global Solutions, Inc.

2023-Q3 EPS reported $1.57 revenue$245,229,000

Net sales $78.5M (+3% YoY); adjusted gross billings $281.9M (+7% YoY).
Net income $2.4M ($0.52 diluted EPS) vs $2.2M ($0.50) in Q3 2022.
Adjusted EBITDA $5.1M (+2% YoY); SG&A rose to 12.9% of sales due to infrastructure investment and acquisition costs.
Post-quarter acquired Ireland-based DataSolutions; >90% of its fiscal 2023 revenue from existing partners; 14 new vendor partnerships.
Declared $0.17/share quarterly dividend, payable Nov 17, 2023 to shareholders of record Nov 13.

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, 2023 results: revenue $78.5 million, net income $2.4 million or $0.52 per diluted share, EPS $0.52 per diluted share.

Period: third quarter ended September 30, 2023
Revenue: $78.5 million
Net income: $2.4 million or $0.52 per diluted share
EPS: $0.52 per diluted share
Result: reported results

Exact text from the filing

technology vendors, is reporting results for the third quarter ended September 30, 2023. Third Quarter 2023 Summary vs. Same Year-Ago Quarter ● Net sales increased 3% to $78.5 million. ● Adjusted gross billings (a non-GAAP financial measure defined below) increased 7% to $281.9 million. ● Net income increased 6% to $2.4 million or $0.52 per diluted share. ●

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Source: SEC EDGAR

accession 0001558370-23-017236

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