Articles from Climb Global Solutions, Inc.

EATONTOWN, N.J., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb”, the “Company”, “we”, or “our”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced the appointment of John McCarthy as the new Chairman of the Board of Directors (the “Board”), effective January 28, 2025. Mr. McCarthy’s appointment follows the resignation of Jeff Geygan from the Board, which will become effective February 28, 2025, and will reduce the Board to six members, five of whom are independent under Nasdaq listing standards.

EATONTOWN, N.J., Jan. 13, 2025 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb”, the “Company”, “we”, or “our”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced that Matthew Sullivan, the current Chief Accounting Officer of Climb, was appointed to the position of Chief Financial Officer (“CFO”), effective January 10, 2025, following the retirement of Andrew (“Drew”) Clark. Mr. Clark will remain with the Company as an advisor until April 15, 2025, to ensure a seamless transition.

Net Income and Adjusted Net Income up more than 2x to $5.5 Million or $1.19 per Share and $7.1 million or $1.55 per share, respectively; Adjusted EBITDA up 96% to $9.9 Million

EATONTOWN, N.J., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, October 31, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2024. The Company’s results will be reported in a press release prior to the call.

Net Sales up 13% to $92.1 Million; Net Income up more than 2x to $3.4 Million or $0.75 per Share; Adjusted EBITDA up 48% to $6.9 Million

EATONTOWN, N.J., July 23, 2024 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Wednesday, August 7, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2024. The Company’s results will be reported in a press release prior to the call.

Q1 2024 Net Sales Up 9% YoY to $92.4 Million, with Adjusted Gross Billings Up 16% to $355.3 Million

EATONTOWN, N.J., April 18, 2024 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, May 2, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2024. The Company’s results will be reported in a press release prior to the call.

EATONTOWN, N.J., March 05, 2024 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced its management team will participate in the upcoming Sidoti Small Cap Conference being held virtually March 13-14, 2024.

Q4 2023 Net Sales, Net Income, Adjusted EBITDA and EPS Increase to Record Levels

EATONTOWN, N.J., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, February 29, 2024 at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2023. The Company’s results will be reported in a press release prior to the call.

EATONTOWN, N.J., Nov. 28, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced its management team will participate in the upcoming Sidoti Small Cap Conference being held virtually December 6-7, 2023.

Tenth Consecutive Quarter of Year over Year Profitability Improvements

EATONTOWN, N.J., Oct. 23, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, November 2, 2023 at 8:30 a.m. Eastern time to discuss its financial results for the third quarter ended September 30, 2023. The Company’s results will be reported in a press release prior to the call.

EATONTOWN, N.J., Aug. 16, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announced its management team will participate in the upcoming H.C. Wainwright Global Investment Conference being held September 11-13, 2023 at the Lotte New York Palace Hotel.

Net Sales Up 20% YoY to $81.7 Million

EATONTOWN, N.J., July 13, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, August 3, 2023 at 8:30 a.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023. The Company’s results will be reported in a press release prior to the call.

EATONTOWN, N.J., May 23, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, signed a new five-year, $50.0 million secured revolving credit facility with JPMorgan Chase on May 18, 2023. The amount the Company may borrow under the revolving credit facility is subject to a borrowing base calculation, with an "accordion" feature to obtain additional lender commitments to increase the facility size up to $70.0 million in the aggregate. The facility will replace the Company’s $20.0 million secured line of credit with Citibank, N.A. which was set to expire in June 2023. Under the new agreement, the interest rate on borrowings will be based on Adjusted Term SOFR plus 1.50% - 1.75%.

EATONTOWN, N.J., May 22, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, is set to join the broad-market Russell 3000 Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the US market opens on June 26, according to a preliminary list of additions posted May 19.

Net Sales up 19% to $85.0 Million; Net Income up 23% to $3.3 Million or $0.74 per Share; Adjusted EBITDA (non-GAAP) up 33% to $5.7 Million

EATONTOWN, N.J., April 24, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, is announcing the grant of 35,000 shares of immediately vested Company common stock effective April 20, 2023 to Climb CEO Dale Foster.

EATONTOWN, N.J., April 19, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, May 4, 2023 at 8:30 a.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2023. The Company’s results will be reported in a press release prior to the call.

Q4 & FY 2022 Net Sales, Gross Profit, Net Income, Adjusted EBITDA and EPS Increase to Record Levels

EATONTOWN, N.J., Feb. 16, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, will host a conference call on Thursday, March 2, 2023 at 8:30 a.m. Eastern time to discuss its financial results for the fourth quarter and full year ended December 31, 2022. The Company’s results will be reported in a press release prior to the call.

EATONTOWN, N.J., Jan. 16, 2023 (GLOBE NEWSWIRE) -- Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, announced that management will participate in the upcoming Sidoti Micro-Cap Conference on Wednesday, January 18, 2023.

EATONTOWN, N.J., Nov. 07, 2022 (GLOBE NEWSWIRE) -- The Board of Directors (the "Board") of Climb Global Solutions, Inc. (NASDAQCLMB) (“Climb” or the “Company”), a value-added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors, has appointed Mrs. Kimberly S. Boren to the Board effective November 7, 2022. With the appointment of Boren, Climb's Board of Directors will return to seven members, six of whom are independent under the Nasdaq listing standards.   Boren will serve on the Audit Committee and Compensation Committee of the Board of Directors.

Q3 Net Sales Up 11% YoY to $76.3 Million