Overview
Climb Global Solutions Q2 net sales up 73%, beating analyst expectations
Adjusted EBITDA for Q2 beats estimates, driven by organic growth and DSS acquisition
Co declares quarterly dividend of $0.17 per share
Outlook
Company expects operational efficiencies from fully implemented ERP system
Result Drivers
ORGANIC GROWTH - Double-digit organic growth achieved through strengthened customer relationships and expanded vendor line card
DSS CONTRIBUTION - Acquisition of Douglas Stewart Software & Services added incremental revenue and seasonal demand from education sector
MARKET EXPANSION - Increased market share in U.S. and Europe contributed to sales growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Sales | Beat | $159.28 mln | $113.30 mln (1 Analyst) |
Q2 Net Income | $5.97 mln | ||
Q2 Adjusted EBITDA | Beat | $11.38 mln | $7.84 mln (1 Analyst) |
Q2 Basic EPS | $1.3 | ||
Q2 Gross Profit | $26.31 mln | ||
Q2 Income From Operations | $7.96 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 integrated hardware & software peer group is "buy."
Wall Street's median 12-month price target for Climb Global Solutions Inc is $133.00, about 24% above its July 29 closing price of $101.10
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 20 three months ago
Press Release: ID:nGNX65c3Mp
(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.)
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