Climb Global Q1 net sales up 9% to $92.4M; EPS falls to $0.60 from $0.74

Climb Global Solutions, Inc.

2024-Q1 EPS reported $0.60 revenue$92,422,000

Net sales $92.4M (+9% YoY); adjusted gross billings $355.3M (+16%).
Net income $2.7M ($0.60 diluted EPS) vs $3.3M ($0.74) prior year; adjusted EBITDA $5.5M vs $5.7M.
CEO cites softer volumes from select key vendors, expects return to growth in H2.
Quarterly dividend of $0.17 declared, payable May 17 to holders of record May 13.
Cash $43.6M at Mar 31, 2024; $1.2M debt, no revolver borrowings.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Climb Global Solutions, Inc. reported the first quarter ended March 31, 2024 results: revenue $92.4 million, net income $2.7 million, EPS $0.60 per diluted share.

Period: the first quarter ended March 31, 2024
Revenue: $92.4 million
Net income: $2.7 million
EPS: $0.60 per diluted share
Result: reported results

Exact text from the filing

forth by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Climb Global Solutions Reports First Quarter 2024 Results Q1 2024 Net Sales Up 9% YoY to $92.4 Million, with Adjusted Gross Billings 16% to $355.3 Million EATONTOWN, N.J., May 1, 2024 – Climb Global Solutions, Inc. (NASDAQ:CLMB) (“Climb”, the “Company”, “we”, or “our”), a

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Source: SEC EDGAR

accession 0001558370-24-006386

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