Climb Global Solutions, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:05 pm EDT
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Climb Global Solutions, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 78.46 million compared to USD 76.26 million a year ago. Net income was USD 2.37 million compared to USD 2.23 million a year ago. Basic earnings per share from continuing operations was USD 0.52 compared to USD 0.5 a year ago. Diluted earnings per share from continuing operations was USD 0.52 compared to USD 0.5 a year ago.
For the nine months, sales was USD 245.23 million compared to USD 215.44 million a year ago. Net income was USD 7.08 million compared to USD 7.74 million a year ago. Basic earnings per share from continuing operations was USD 1.57 compared to USD 1.74 a year ago. Diluted earnings per share from continuing operations was USD 1.57 compared to USD 1.74 a year ago.
Climb Global Solutions, Inc. is a value-added information technology (IT) distribution and solutions company. The Company primarily operates through its Distribution segment, which distributes emerging technologies to corporate resellers, value-added resellers (VARs), consultants and systems integrators worldwide under the name Climb Channel Solutions. This segment distributes technology products from software developers, software vendors or original equipment manufacturers (OEMs) to resellers, and system integrators worldwide. The Company's Solutions segment is a cloud solutions provider and value-added reseller of software, hardware, and services for customers worldwide under the name Grey Matter. Across both segments, the Company offers an extensive line of products from software vendors and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management and other technically sophisticated domains.