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CLMB — Climb Global Solutions News Story

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Climb Global Solutions' Q3 sales surpass estimates on strong organic growth

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

MetricBeat/MissActualConsensus Estimate
Q3 Net SalesBeat$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 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com. (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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