NASDAQ$CLMB
Climb Global Solutions Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Net sales increased and strategic acquisitions were announced.
Wayside Technology Group reported a 16% increase in net sales to $60.9 million for Q3 2020, driven by improvements in both net sales and gross profit. The company continued its integration of Interwork and added several new vendors. They also announced the acquisition of CDF Group to expand into the EMEA market.
- Net sales increased 16% to $60.9 million compared to $52.4 million.
- Gross profit increased 3% to $7.2 million compared to $7.1 million.
- Net income was $0.5 million or $0.13 per share, compared to $1.4 million or $0.32 per share.
- Adjusted EBITDA was $1.9 million compared to $2.4 million.
Headline financials
Revenue & EPS history
Climb Global Solutions · Revenue · Quarterly
$60.9M
Forward guidance
The company plans to build upon sales momentum as the business and industry continue to stabilize, capitalizing on the predicted recovery in global IT spend.
Tailwinds
- Building upon sales momentum
- Business and industry continue to stabilize
- Continuing to build market awareness following the Lifeboat rebrand to Climb Channel Solutions
- Onboarding new vendors
- Deepening relationships with current partners
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 Q3 2020
+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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