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Climb Global Solutions (CLMB)
NASDAQ:CLMB
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.12Last Year’s EPS
$1.15Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 18.18%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
Climb Global Solutions reported a strong quarter with significant growth in revenue and profitability, driven by successful acquisitions and strategic partnerships. The company highlighted its improved operational efficiency and expansion efforts despite challenges with the new ERP system and a decrease in cash reserves.Company Guidance
During the Q3 2024 earnings call for Climb Global Solutions, the company highlighted record growth across key financial metrics, emphasizing a 65% increase in adjusted gross billings (AGB) to $465.2 million and a 52% rise in net sales to $119.3 million compared to the same quarter last year. The growth was driven by both organic expansion and contributions from recent acquisitions, including Douglas Stewart Software and DataSolutions Ireland. The company reported a significant increase in gross profit to $24.3 million, an improvement in SG&A expenses as a percentage of AGB to 3%, and more than doubling of net income to $5.5 million. Adjusted EBITDA saw a 96% rise to $9.9 million, with an effective margin of 41%. Climb continues to leverage its acquisitions and global infrastructure for further growth, with plans to expand into the DACH region and enhance its ERP system for operational efficiency.Record Growth Metrics
Adjusted gross billings increased 65% to $465.2 million. Net sales rose by 52% to $119.3 million, with organic growth from new and existing vendors and acquisitions driving these figures.
Successful Acquisitions and Integration
Acquisitions of Douglas Stewart Software and DataSolutions have been integrated successfully, contributing significantly to growth. These acquisitions combined for $81.3 million of the growth in adjusted gross billings.
Strong Profitability
Gross profit increased by 70% to $24.3 million. Net income more than doubled to $5.5 million, and adjusted net income also increased more than two times to $7.1 million.
Expansion and Strategic Partnerships
Climb Global Solutions expanded into Germany and signed new partnerships with vendors like A-LIGN, enhancing its security and compliance offerings.
Improved Operational Efficiency
SG&A as a percentage of adjusted gross billings decreased to 3% from 3.6%. Adjusted EBITDA rose by 96% to $9.9 million, indicating improved operational efficiency.
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CLMB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $105.43 | $102.24 | -3.03% |
| Aug 06, 2024 | $64.84 | $73.29 | +13.03% |
| May 01, 2024 | $65.61 | $58.70 | -10.53% |
| Feb 28, 2024 | $57.58 | $67.36 | +16.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Climb Global Solutions (CLMB) report earnings?
Climb Global Solutions (CLMB) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Climb Global Solutions (CLMB) earnings time?
Climb Global Solutions (CLMB) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLMB EPS forecast?
CLMB EPS forecast for the fiscal quarter 2024 (Q4) is $1.12.
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