NASDAQ$CLMB
Climb Global Solutions Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported a 20% increase in net sales and ninth consecutive quarter of profitability improvements.
Climb Global Solutions reported a 20% increase in net sales to $81.7 million and a 4% increase in Adjusted EBITDA to $4.7 million. The company made strategic investments in operating systems, new personnel, and training and development to reinforce infrastructure for future growth. They believe they are well equipped to deliver growth and profitability objectives in both the U.S. and abroad.
- Net sales increased 20% year-over-year to $81.7 million.
- Adjusted gross billings increased 14% year-over-year to $274.7 million.
- Gross profit increased 10% year-over-year to $13.7 million.
- Adjusted EBITDA increased 4% year-over-year to $4.7 million.
Headline financials
Revenue & EPS history
Climb Global Solutions · Revenue · Quarterly
$81.7M
Forward guidance
Company believes that it has a solid foundation in place to continue driving organic growth with existing vendors while adding new, innovative vendors to its line card. They will also continue to evaluate M&A opportunities that can enhance service and solutions, in addition to geographic footprint and will enable execution of organic and inorganic growth objectives in 2023.
Tailwinds
- Driving organic growth with existing vendors.
- Adding new, innovative vendors to the line card.
- Evaluating M&A opportunities to enhance service and solutions.
- Enhancing geographic footprint.
- Executing organic and inorganic growth objectives in 2023.
Headwinds
- Continued acceptance of the Company’s distribution channel by vendors and customers
- The timely availability and acceptance of new products
- Product mix, market conditions, competitive pricing pressures
- The successful integration of acquisitions
- Contribution of key vendor relationships and support programs, inflation, as well as factors that affect the software industry in general
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 Q2 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% | — | — |
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