CLMB Earnings Prediction
The chart below shows how CLMB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CLMB sees a -0.47% change in stock price 10 days leading up to the earnings, and a +9.86% change 10 days following the report. On the earnings day itself, the stock moves by +1.93%. This data can give you a slight idea of what to expect for the next quarter's release.
CLMB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
119.35M
52.12%
29.62%
Gross Margin
19.32%
10.97%
0.52%
Operating Margin
7.64%
69.40%
48.93%
Net Margin
4.57%
51.32%
22.52%
EPS
1.19
128.85%
58.67%
No Data Available
CLMB Earnings Analysis
Climb Global Solutions, Inc. Common Stock Corporation (CLMB.O) Earnings Conference Call
Positive
Adjusted Gross Billings Surge: Adjusted gross billings increased 65% to $465.2 million compared to $281.9 million in the year-ago quarter.
Third Quarter Sales Surge: Net sales in the third quarter of 2024 increased 52% to $119.3 million compared to $78.5 million, which grew at a lower rate than AGD due to a greater percentage of sales recognized on a net basis in the quarter.
Gross Profit Surge: Gross profit in the third quarter increased 70% to $24.3 million compared to $14.3 million.
EBITDA Growth Surge: Adjusted EBITDA in the third quarter increased 96% to $9.9 million compared to $5.1 million in the prior year quarter.
Net Income Surge: Net income in the third quarter of 2024 increased more than 2x to $5.5 million or $1.19 per diluted share compared to $2.4 million or $0.52 per diluted share for the comparable period in 2023.
Negative
Adjusted Gross Billings Surge: Adjusted gross billings increased 65% to $465.2 million compared to $281.9 million in the year-ago quarter.
Third Quarter Net Sales Growth: Net sales in the third quarter of 2024 increased 52% to $119.3 million compared to $78.5 million, which grew at a lower rate than AGG due to a greater percentage of sales recognized on a net basis in the quarter.
SG&A Expense Increase: SG&A expenses in the third quarter were $13.9 million compared to $10.1 million for the same period in 2023.
Cash Position Decline: Cash and cash equivalents were $22.1 million as of September 30, 2024, compared to $36.3 million on December 31, 2023, while working capital decreased by $12.3 million during the period.
Earnings Per Share Impact: The company's earnings per diluted share in the third quarter of 2024 was negatively impacted by $0.05 in FX compared to the prior year quarter.
CLMB FAQs
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CLMB Earning Call Sentiment
Climb Global Solutions, Inc. (CLMB) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CLMB.O
-1.53%Positive
The earnings call reveals strong financial performance with significant growth in adjusted gross billings, net sales, and net income, driven by organic growth and strategic acquisitions. The declaration of a consistent dividend and no new share repurchase program suggests stable shareholder returns. Despite some risks, such as competitive pressures and cash flow concerns, management's optimistic guidance and historical Q4 strength indicate a positive outlook. The Q&A reinforced the growth strategy and market strength, supporting a positive stock price movement prediction of 2% to 8% over the next two weeks.
