NASDAQ$CLMB
Climb Global Solutions Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Climb Global Solutions' first quarter results for 2023 were reported, featuring a 19% increase in net sales to $85.0 million and a 23% increase in net income to $3.3 million.
Climb Global Solutions reported a strong first quarter in 2023, with significant growth in net sales, gross profit, net income, and adjusted EBITDA. The company's performance was driven by organic growth and the integration of Spinnakar.
- Net sales increased by 19% to $85.0 million.
- Adjusted gross billings increased by 29% to $306.7 million.
- Gross profit increased by 27% to $15.2 million.
- Adjusted EBITDA increased by 33% to $5.7 million.
Headline financials
Revenue & EPS history
Climb Global Solutions · Revenue · Quarterly
$85M
Forward guidance
Climb Global Solutions is well-positioned to continue driving organic growth and further improving operating leverage. The company will continue to diligently evaluate M&A opportunities that can enhance its global footprint and strengthen its service and solution offerings.
Tailwinds
- Continue driving organic growth
- Further improving operating leverage
- Strong balance sheet
- Evaluate M&A opportunities to enhance global footprint
- Strengthen service and solution offerings
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+2.0%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+4.3%
Avg return
30 days after
58%
38 / 65 earnings
Positive
+19.4%
Q4 2022
Best reaction
-21.9%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -21.6% | -7.4% | +1.3% | |
| Q4 2025 | -2.2% | -3.9% | -15.7% | |
| Q3 2025 | -7.7% | -15.1% | -24.3% | |
| Q1 2025 | -4.5% | +1.0% | +4.5% | |
| Q4 2024 | +12.8% | +1.8% | -16.4% | |
| Q3 2024 | -3.7% | +1.6% | +26.6% | |
| Q2 2024 | +18.8% | +27.3% | +46.4% | |
| Q1 2024 | -8.3% | -9.4% | -10.7% | |
| Q4 2023 | +13.3% | +11.5% | +18.1% | |
| Q3 2023 | -5.5% | -4.6% | +8.9% | |
| Q2 2023 | -21.9% | -20.5% | -12.4% | |
| Q1 2023 | +2.6% | +6.9% | +6.7% | |
| Q4 2022 | +19.4% | +23.3% | +34.1% | |
| Q3 2022 | -0.8% | -1.4% | +2.3% | |
| Q2 2022 | -1.5% | +0.4% | -7.9% | |
| Q1 2022 | +1.9% | -0.7% | +9.4% | |
| Q4 2021 | +11.2% | +4.3% | +14.1% | |
| Q3 2021 | +7.6% | +3.6% | +11.2% | |
| Q2 2021 | +15.3% | +9.1% | +6.4% | |
| Q1 2021 | -0.6% | +0.3% | +16.6% | |
| Q4 2020 | +18.2% | +21.9% | +22.6% | |
| Q3 2020 | -10.6% | -11.6% | -16.1% | |
| Q2 2020 | -16.0% | -15.3% | -1.2% | |
| Q1 2020 | +15.7% | +20.5% | +58.4% | |
| Q4 2019 | +15.2% | +11.6% | -23.3% | |
| Q3 2019 | -8.6% | -7.8% | -0.5% | |
| Q2 2019 | +9.2% | +14.8% | +25.9% | |
| Q1 2019 | -0.7% | -2.9% | -10.8% | |
| Q4 2018 | +11.1% | +10.7% | +6.6% | |
| Q3 2018 | +3.7% | -0.6% | -10.6% | |
| Q2 2018 | -5.2% | -8.5% | -11.4% | |
| Q1 2018 | +2.9% | +3.3% | +2.5% | |
| Q4 2017 | +10.2% | +10.9% | +1.8% | |
| Q3 2017 | -2.9% | -3.1% | +9.8% | |
| Q2 2017 | -2.2% | -6.1% | -14.4% | |
| Q1 2017 | +7.2% | +3.6% | +4.1% | |
| Q4 2016 | +9.0% | +7.2% | +10.2% | |
| Q3 2016 | +1.5% | +0.0% | -0.3% | |
| Q2 2016 | +0.1% | -0.3% | -3.7% | |
| Q1 2016 | -0.8% | — | — | |
| Q4 2015 | -8.2% | — | — | |
| Q3 2015 | +4.0% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | -3.6% | — | — | |
| Q3 2014 | +0.2% | — | — | |
| Q2 2014 | -1.0% | — | — | |
| Q1 2014 | -12.7% | — | — | |
| Q4 2013 | +6.8% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | +3.3% | — | — | |
| Q1 2013 | +2.8% | — | — | |
| Q4 2012 | -0.3% | — | — | |
| Q3 2012 | -1.3% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2011 | +2.3% | — | — | |
| Q1 2012 | +1.3% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q4 2011 | +0.8% | — | — | |
| Q3 2011 | +1.4% | — | — | |
| Q3 2010 | +1.4% | — | — | |
| Q2 2011 | +15.1% | — | — | |
| Q4 2010 | +15.1% | — | — | |
| Q2 2010 | +15.1% | — | — | |
| Q1 2010 | -0.3% | — | — |
Discussion
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