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Business Summary: Climb Global Solutions, Inc. is a value-added information technology (IT) distribution and solutions company. The Company primarily operates through its Distribution segment, which distributes emerging technologies to corporate resellers, value-added resellers (VARs), consultants and systems integrators worldwide under the name Climb Channel Solutions. This segment distributes technology products from software developers, software vendors or original equipment manufacturers (OEMs) to resellers, and system integrators worldwide. The Company's Solutions segment is a cloud solutions provider and value-added reseller of software, hardware, and services for customers worldwide under the name Grey Matter. Across both segments, the Company offers an extensive line of products from software vendors and tools for virtualization/cloud computing, security, networking, storage and infrastructure management, application lifecycle management and other technically sophisticated domains.
Financial Summary: BRIEF: For the nine months ended 30 September 2024, Climb Global Solutions Inc revenues increased 24% to $303.8M. Net income applicable to common stockholders increased 64% to $11.3M. Revenues reflect Distribution segment increase of 26% to $286.5M, Europe and United Kingdom segment increase of 97% to $71.8M, United States segment increase of 13% to $215.3M. Dividend per share remained flat at $0.51.