Overview
Climb Global Solutions Q3 net sales grow 35% yr/yr, beating analyst expectations
Net income for Q3 declined yr/yr despite strong revenue growth
Company attributes revenue growth to organic growth and DSS acquisition
Outlook
Climb expects to close 2025 with record results
Company plans to expand presence in North America and Europe
Climb sees strategic acquisitions as key to future growth
Result Drivers
ORGANIC GROWTH - Double digit organic growth from new and existing vendors contributed to revenue increase
ACQUISITION IMPACT - Acquisition of Douglas Stewart Software & Services, LLC contributed to sales growth
NEW VENDOR SIGNINGS - Signing new, cutting-edge vendors to line card supported growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Net Sales | Beat | $161.34 mln | $125.30 mln (2 Analysts) |
Q3 Net Income | $4.69 mln | ||
Q3 Basic EPS | $1.02 | ||
Q3 Gross Profit | $25.73 mln | ||
Q3 Income From Operations | $6.93 mln |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the it services & consulting peer group is "buy."
Wall Street's median 12-month price target for Climb Global Solutions Inc is $133.00, about 0.4% below its October 28 closing price of $133.55
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 19 three months ago
Press Release: ID:nGNX2RgzG3
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)