Climb Global - CLMB STOCK NEWS

Climb Global Solutions reported strong Q1 2025 financial results, with net sales surging 49% to $138.0 million and net income rising 35% to $3.7 million ($0.81 per share). The company's adjusted EBITDA increased 38% to $7.6 million, while gross billings grew 34% to $474.6 million.

Key highlights include a 36% increase in Distribution segment gross billings to $453.6 million and a 2% rise in Solutions segment to $21.0 million. The company maintained strong liquidity with $32.5 million in cash and minimal debt of $0.6 million. A quarterly dividend of $0.17 per share was declared, payable May 16, 2025.

CEO Dale Foster attributed the growth to successful core initiatives and integration of Douglas Stewart Software & Services (DSS). The company plans to leverage its new ERP system for operational efficiencies and remains active in pursuing M&A opportunities to expand its presence in North America and overseas.

Climb Global Solutions (NASDAQ:CLMB) has appointed Paul Giovacchini to its Board of Directors, expanding the board to seven members, with six independent directors under Nasdaq listing standards. Giovacchini brings over 30 years of experience in private equity, corporate governance, and board leadership.

Currently serving as Lead Independent Director of TPI Composites (NASDAQ:TPIC), where he previously served as Chairman, Giovacchini also works as an independent consulting advisor to Advantage Capital Management. He holds a B.A. in Economics from Stanford University and an M.B.A. from Harvard Business School.

The appointment aligns with Climb's strategy to strengthen its operational foundation and advance organic and inorganic growth initiatives in the global IT channel, where the company provides sales and distribution solutions for technology vendors.

Climb Global Solutions (NASDAQ:CLMB), a value-added global IT channel company, has scheduled its first quarter 2025 earnings conference call for Thursday, May 1, 2025, at 8:30 a.m. Eastern time. The company will release its financial results for the quarter ended March 31, 2025, via press release before the call.

The management team will host the conference call, which will include a question-and-answer session. Shareholders can submit questions in advance by emailing CLMB@elevate-ir.com. The call will be accessible via toll-free dial-in (800) 267-6316 or international dial-in (203) 518-9783 using Conference ID: CLIMB. A webcast replay will be available on the company's investor relations website.

Climb Channel Solutions (NASDAQ: CLMB) has announced a global distribution partnership with Unframe, an enterprise AI platform provider that recently secured $50M in funding. The partnership primarily focuses on North America and EMEA markets.

Unframe's platform, currently utilized by Fortune 500 companies, enables businesses to implement AI solutions within hours instead of months, without requiring fine-tuning, training, or data sharing. The platform features secure integration with various systems and operates within existing company environments, ensuring compliance and control.

The collaboration combines Climb's global distribution network with Unframe's enterprise-grade AI solutions. Notable features of Unframe's platform include outcome-based pricing, zero lock-in policy, and seamless integration with SaaS, APIs, databases, and files. Climb is also expanding its AI initiatives, including the rollout of its AI Academy from the DACH region to the UK&I.

Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has announced a strategic partnership with Thales, a global cybersecurity leader. The partnership enables Climb to distribute the complete Thales Cyber Security Product (CSP) suite, which includes Application Security, Data Protection, and Identity and Access Management solutions.

The collaboration aligns with the recent launch of the Thales and Imperva Accelerate Partner Network, a harmonized program that streamlines partner interactions through synchronized benefits, discounts, and go-to-market support. Climb will now offer solutions from both Thales and Imperva, creating a comprehensive cybersecurity portfolio for their resellers.

Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has awarded Freshworks the Strategic Partner of the Year award at its 2025 Climb Partner Conference in Miami. The recognition highlights the successful partnership between the two companies in delivering IT service and customer service solutions.

The award, presented by Carlos Rodriguez to Chase Bertrand and Logan Romaine from Freshworks, acknowledges their joint commitment to growth and channel value creation. Freshworks has strengthened its market position through innovation and expansion, including the acquisition of Device42 to enhance its IT service management portfolio.

Laura Padilla, SVP of Channels and Alliances at Freshworks, emphasized their focus on providing enterprise-grade solutions without complexity, while Climb Channel Solutions CEO Dale Foster praised Freshworks' channel-first approach and the partnership's momentum in delivering growth.

Climb Channel Solutions, a subsidiary of Climb Global Solutions (NASDAQ: CLMB), has announced a new distribution partnership with Darktrace, a global leader in AI cybersecurity. The agreement enables Climb to distribute Darktrace's AI-powered cybersecurity products across North America.

Darktrace's ActiveAI Security Platform offers proactive cyber resilience through real-time threat detection and autonomous response, protecting cloud, email, identities, operational technology, endpoints, and network infrastructure. The platform currently serves nearly 10,000 customers across various industries globally.

The partnership aims to enhance cybersecurity offerings for Climb's resellers and their clients, while expanding Darktrace's market presence in North America. The collaboration focuses on delivering AI-powered cybersecurity solutions to address evolving threat landscapes.

Climb Global Solutions (NASDAQ:CLMB) reported record financial results for Q4 and FY 2024. Fourth quarter highlights include: net sales up 51% to $161.8M, net income increased 33% to $7.0M ($1.52 per share), and adjusted EBITDA grew 75% to $16.1M.

Full year 2024 performance showed substantial growth with net sales rising 32% to $465.6M, net income up 51% to $18.6M ($4.06 per share), and adjusted EBITDA increasing 61% to $39.6M. The company's gross billings reached $1.8B, up 42% from 2023.

The company completed the acquisition of Douglas Stewart Software & Services (DSS) on July 31, 2024, which was immediately accretive to earnings. The Board declared a quarterly dividend of $0.17 per share, payable March 21, 2025. As of December 31, 2024, the company maintained a strong balance sheet with $29.8M in cash and minimal debt of $0.8M.

Climb Global Solutions (NASDAQ:CLMB) has announced its upcoming conference call to discuss financial results for the fourth quarter and full year 2024. The call is scheduled for Thursday, March 6, 2025, at 8:30 a.m. Eastern time.

The company will release its financial results via press release before the conference call. Management will host the call, which will include a question-and-answer session. Investors can submit questions in advance by emailing CLMB@elevate-ir.com.

Participants can join using the toll-free number (800) 225-9448 or international dial-in (203) 518-9708 with Conference ID: CLIMB. The call will also be available via webcast, and a replay will be accessible through the investor relations section of Climb's website at www.climbglobalsolutions.com.