Climb Global Solutions Q1 net sales rise 32% on Interworks acquisition boost

Climb Global Solutions

29/04/2026 21:17

Overview

US IT distributor's Q1 net sales rose 32% year-over-year, driven by organic growth and Interworks acquisition

Adjusted EPS declined year-over-year, affected by higher tax rate and increased SG&A expenses

Company suspended quarterly dividend in Q1 to support capital allocation for growth and acquisitions

Outlook

Company plans to drive organic growth and remain active with M&A opportunities

Climb intends to invest in automation and AI to scale efficiently and support incremental growth

Company will retain and reinvest capital to support growth and strategic acquisitions after suspending dividend

Result Drivers

ORGANIC GROWTH AND NEW VENDORS - Co said net sales and gross profit rose due to double-digit organic growth from new and existing vendors in North America and Europe

INTERWORKS ACQUISITION - Co said acquisition of Interworks contributed to growth in net sales, gross profit and expanded presence in Southeastern Europe

HIGHER SG&A AND TAX RATE - Co said increased SG&A expenses from investments in growth initiatives and a higher effective tax rate reduced net income and adjusted EPS

Company press release: ID:nGNX7r3vl7

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Sales
$182.38 mln
$148.86 mln (2 Analysts)
Q1 Adjusted EPS
$0.19
$0.25 (2 Analysts)
Q1 Net Income
$3.33 mln
Q1 Basic EPS
$0.18
Q1 Gross Profit
$26.50 mln
Q1 Income From Operations
$3.88 mln


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 3 "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 $32.00, about 51% above its April 28 closing price of $21.19

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 18 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@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.)