Overview

* Climb Global Solutions ( CLMB ) Q3 net sales grow 35% yr/yr, beating analyst expectations

* Net income for Q3 declined yr/yr despite strong revenue growth

* Company attributes revenue growth to organic growth and DSS acquisition

Outlook

* Climb expects to close 2025 with record results

* Company plans to expand presence in North America and Europe

* Climb sees strategic acquisitions as key to future growth

Result Drivers

* ORGANIC GROWTH - Double digit organic growth from new and existing vendors contributed to revenue increase

* ACQUISITION IMPACT - Acquisition of Douglas Stewart Software & Services, LLC contributed to sales growth

* NEW VENDOR SIGNINGS - Signing new, cutting-edge vendors to line card supported growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net Beat $161.34 $125.30

Sales mln mln (2

Analysts

)

Q3 Net $4.69

Income mln

Q3 Basic $1.02

EPS

Q3 Gross $25.73

Profit mln

Q3 $6.93

Income mln

From

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "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 ( CLMB ) is $133.00, about 0.4% below its October 28 closing price of $133.55

* The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

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(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.)