Climb Global Solutions reports record Q4 net sales $106.8M, EPS $1.15; FY net sales up 16% to $352M

Climb Global Solutions, Inc.

2023-FY EPS reported $2.72 revenue$352,013,000

Q4 net sales $106.8M (+20% YoY), net income $5.2M ($1.15 diluted EPS).
FY 2023 net sales $352.0M (+16% YoY); net income $12.3M ($2.72 EPS); adjusted EBITDA $24.6M (+16%).
DataSolutions acquisition (Oct 2023) immediately accretive; contributed to Q4 growth.
Dividend declared $0.17/share, payable March 15, 2024 to holders of record March 11.
Cash $36.3M at year-end; $1.3M debt; $50M revolving credit facility undrawn.

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 quarter and year ended December 31, 2023 results: revenue $106.8 million, net income $5.2 million or $1.15 per diluted share, EPS $1.15 per diluted share.

Period: the quarter and year ended December 31, 2023
Revenue: $106.8 million
Net income: $5.2 million or $1.15 per diluted share
EPS: $1.15 per diluted share
Result: reported results

Exact text from the filing

vendors, is reporting results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Summary vs. Same Year-Ago Quarter ● Net sales increased 20% to $106.8 million. ● Adjusted gross billings (a non-GAAP financial measure defined below) increased 24% to $397.0 million. ● Net income increased 10% to $5.2 million or $1.15 per diluted share. ●

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Climb Global Solutions, Inc. reported the fiscal year ended December 31, 2023 results: revenue $352.0 million, net income $12.3 million or $2.72 per diluted share, EPS $2.72 per diluted share.

Period: the fiscal year ended December 31, 2023
Revenue: $352.0 million
Net income: $12.3 million or $2.72 per diluted share
EPS: $2.72 per diluted share
Result: reported results

Exact text from the filing

FY 2023 Net Sales Increased 16% to a Record $352.0 Million with Net Income of $12.3 Million or $2.72 per Share; FY Adjusted EBITDA up 16% to $24.6 Million

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Source: SEC EDGAR

accession 0001558370-24-002006

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