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

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.)