Announcement • Apr 16
Climb Global Solutions, Inc. to Report Q1, 2026 Results on Apr 30, 2026 Climb Global Solutions, Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026 Announcement • Apr 02
Climb Global Solutions, Inc., Annual General Meeting, Jun 02, 2026 Climb Global Solutions, Inc., Annual General Meeting, Jun 02, 2026. Announcement • Feb 25
Climb Global Solutions, Inc. (NasdaqGM:CLMB) acquired Interworks S.A. from Infiterra Holding Limited, Vassilios Zografos and Apostolos Karakaxasfor for approximately €8 million. Climb Global Solutions, Inc. (NasdaqGM:CLMB) entered into a Share Purchase Agreement to acquire Interworks S.A. from Infiterra Holding Limited, Vassilios Zografos and Apostolos Karakaxasfor for approximately €8 million on February 24, 2026.
For the period ending December 31, 2025, Interworks S.A. reported EBITDA of €0.9 million.
Climb Global Solutions, Inc. (NasdaqGM:CLMB) completed the acquisition of Interworks S.A. from Infiterra Holding Limited, Vassilios Zografos and Apostolos Karakaxasfor on February 24, 2026. Announcement • Feb 12
Climb Global Solutions, Inc. to Report Q4, 2025 Results on Feb 26, 2026 Climb Global Solutions, Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026 Announcement • Oct 30
Climb Global Solutions, Inc. Declares Quarterly Dividend on Common Stock, Payable on November 17, 2025 On October 28, 2025, the Board of Directors of Climb Global Solutions, Inc. declared a quarterly dividend of $0.17 per share of its common stock payable on November 17, 2025, to shareholders of record on November 10, 2025. Announcement • Oct 16
Climb Global Solutions, Inc. to Report Q3, 2025 Results on Oct 30, 2025 Climb Global Solutions, Inc. announced that they will report Q3, 2025 results on Oct 30, 2025 Announcement • Jul 31
Climb Global Solutions, Inc. Declares Quarterly Dividend, Payable on August 15, 2025 Climb Global Solutions, Inc. Board of Directors declared a quarterly dividend of $0.17 per share of its common stock payable on August 15, 2025, to shareholders of record on August 11, 2025. Announcement • Jul 17
Climb Global Solutions, Inc. to Report Q2, 2025 Results on Jul 31, 2025 Climb Global Solutions, Inc. announced that they will report Q2, 2025 results on Jul 31, 2025 Announcement • Jun 14
Climb Global Solutions, Inc. Announces Separation Agreement with Vito Legrottaglie as Chief Information Officer, Effective June 13, 2025 On June 12, 2025, Climb Global Solutions, Inc. (the “Company”) and Vito Legrottaglie, the Company’s Chief Information Officer and Vice President, entered into a separation agreement (the “Separation Agreement”), under which Mr. Legrotagglie’s employment concluded effective as of June 13, 2025. In consideration for Mr. Legrottaglie’s release and waiver of claims against the Company, the Company has agreed to the following payments and benefits in lieu of any other benefits and payments that may be due to Mr. Legrottaglie under the Climb Global Solutions, Inc. Executive Severance and Change in Control Plan: (i) cash compensation for his services as a consultant in the total amount of $51,666.68, payable in two equal installments on July 15, 2025, and August 15, 2025, subject to his retention as a consultant through each payment date; provided, however, should Mr. Legrottaglie’s consulting relationship with the Company terminate prior to August 15, 2025, such payments shall be prorated to reflect the number of days Mr. Legrottaglie performed consulting services and will be paid out on August 15, 2025; and (ii) the accelerated vesting of 1,807 time-vested shares and restricted stock units and 2,755 performance-vested restricted stock units. Announcement • May 01
Climb Global Solutions, Inc. Declares Quarterly Dividend, Payable on May 16, 2025 Climb Global Solutions, Inc. Board of Directors declared a quarterly dividend of $0.17 per share of its common stock payable on May 16, 2025, to shareholders of record on May 12, 2025. Announcement • Apr 22
Climb Global Solutions Appoints Paul Giovacchini to Its Board of Directors Climb Global Solutions, Inc. announced that the Company’s Board of Directors has elected Paul Giovacchini to the Board. With the election of Mr. Giovacchini, Climb’s Board increased to seven total members, six of whom are independent under the Nasdaq listing standards. Mr. Giovacchini brings over 30 years of experience in private equity, corporate governance, and board leadership across public and private companies. He currently serves as the Lead Independent Director of TPI Composites, Inc., where he previously served as Chairman and helped lead the company’s transformation into a global public enterprise. Mr. Giovacchini also serves as an independent consulting advisor to Advantage Capital Management, supporting private equity and debt investment strategies. Mr. Giovacchini holds a B.A. in Economics from Stanford University and an M.B.A. from Harvard Business School. Announcement • Apr 17
Climb Global Solutions, Inc. to Report Q1, 2025 Results on May 01, 2025 Climb Global Solutions, Inc. announced that they will report Q1, 2025 results on May 01, 2025 Announcement • Apr 05
Climb Global Solutions, Inc., Annual General Meeting, Jun 03, 2025 Climb Global Solutions, Inc., Annual General Meeting, Jun 03, 2025. Announcement • Mar 06
Climb Global Solutions, Inc. Declares A Quarterly Dividend, Payable on March 21, 2025 Subsequent to quarter end, on February 28, 2025, Climb’s Board of Directors declared a quarterly dividend of $0.17 per share of its common stock payable on March 21, 2025, to shareholders of record on March 17, 2025. Announcement • Feb 20
Climb Global Solutions, Inc. to Report Q4, 2024 Results on Mar 06, 2025 Climb Global Solutions, Inc. announced that they will report Q4, 2024 results on Mar 06, 2025 Announcement • Jan 14
Climb Global Solutions Appoints Matthew Sullivan as Chief Financial Officer Climb Global Solutions, Inc. announced that Matthew Sullivan, the current Chief Accounting Officer of Climb, was appointed to the position of Chief Financial Officer, effective January 10, 2025, following the retirement of Andrew Clark. Mr. Clark will remain with the Company as an advisor until April 15, 2025, to ensure a seamless transition. Mr. Sullivan brings extensive financial leadership experience to Climb. Since joining the Company in 2019 as Vice President, Corporate Controller, Mr. Sullivan has risen internally to his most recent role of Chief Accounting Officer, overseeing global financial functions, including external and internal reporting, compliance, and financial planning. Additionally, he played a pivotal role in advancing Climb’s growth strategy and helping to drive the financial diligence process for five accretive acquisitions since 2020. Prior to joining Climb, Mr. Sullivan held finance roles at Jackson Hewitt Tax Service and BDO USA, LLP, where he managed complex audit and financial operations. He is a Certified Public Accountant and holds a bachelor’s degree in accounting from Kutztown University of Pennsylvania. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to €114, the stock trades at a forward P/E ratio of 34x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 362% over the past three years. Declared Dividend • Nov 03
Third quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 11th November 2024 Payment date: 15th November 2024 Dividend yield will be 0.7%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 18%. Cash payout ratio: 18%. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.22 (vs US$0.52 in 3Q 2023) Third quarter 2024 results: EPS: US$1.22 (up from US$0.52 in 3Q 2023). Revenue: US$119.3m (up 52% from 3Q 2023). Net income: US$5.46m (up 136% from 3Q 2023). Profit margin: 4.6% (up from 2.9% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 56% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
Climb Global Solutions, Inc. Declares A Quarterly Dividend, Payable on November 15, 2024 Subsequent to quarter end, on October 28, 2024, Climb Global Solutions, Inc.’s Board of Directors declared a quarterly dividend of $0.17 per share of its common stock payable on November 15, 2024, to shareholders of record on November 11, 2024. Announcement • Oct 09
Climb Global Solutions, Inc. to Report Q3, 2024 Results on Oct 31, 2024 Climb Global Solutions, Inc. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 14
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to €76.00, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 15x in the Electronic industry in Germany. Total returns to shareholders of 253% over the past three years. Buy Or Sell Opportunity • Aug 07
Now 9.0% overvalued after recent price rise Over the last 90 days, the stock has risen 7.8% to €55.50. The fair value is estimated to be €50.91, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 15%. Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.77 (vs US$0.31 in 2Q 2023) Second quarter 2024 results: EPS: US$0.77 (up from US$0.31 in 2Q 2023). Revenue: US$92.1m (up 13% from 2Q 2023). Net income: US$3.43m (up 153% from 2Q 2023). Profit margin: 3.7% (up from 1.7% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 32% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 07
Climb Global Solutions, Inc. Declares A Quarterly Dividend, Payable on August 22, 2024 Subsequent to quarter end, on August 6, 2024, Climb Global Solutions, Inc.’s Board of Directors declared a quarterly dividend of $0.17 per share of its common stock payable on August 22, 2024, to shareholders of record on August 16, 2024. New Risk • Jul 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Jul 24
Climb Global Solutions, Inc. to Report Q2, 2024 Results on Aug 07, 2024 Climb Global Solutions, Inc. announced that they will report Q2, 2024 results at 9:30 AM, US Eastern Standard Time on Aug 07, 2024 Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €63.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 16x in the Electronic industry in Germany. Total returns to shareholders of 192% over the past three years. Valuation Update With 7 Day Price Move • May 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €51.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the Electronic industry in Germany. Total returns to shareholders of 175% over the past three years. Declared Dividend • May 06
First quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 10th May 2024 Payment date: 17th May 2024 Dividend yield will be 1.2%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.61 (vs US$0.74 in 1Q 2023) First quarter 2024 results: EPS: US$0.61 (down from US$0.74 in 1Q 2023). Revenue: US$92.4m (up 8.7% from 1Q 2023). Net income: US$2.73m (down 16% from 1Q 2023). Profit margin: 3.0% (down from 3.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 43% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 02
Climb Global Solutions, Inc. Declares A Quarterly Dividend, Payable on May 17, 2024 Subsequent to quarter end, on April 29, 2024, Climb Global Solutions, Inc.’s Board of Directors declared a quarterly dividend of $0.17 per share of its common stock payable on May 17, 2024, to shareholders of record on May 13, 2024. Announcement • May 01
Climb Global Solutions, Inc., Annual General Meeting, Jun 13, 2024 Climb Global Solutions, Inc., Annual General Meeting, Jun 13, 2024, at 10:00 Eastern Standard Time. Agenda: To vote upon the election of seven directors to the Company’s Board of Directors (the “Board”), each to serve until the 2025 Annual Meeting of Stockholders and until his or her successor is duly elected and qualified; to vote upon a non-binding, advisory resolution to approve the executive compensation of the Company’s named executive officers, as described in the accompanying proxy statement; to vote upon the ratification of the appointment of Deloitte & Touche, LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; and to transact such other business as may properly come before the Meeting and any postponement or adjournment thereof. Announcement • Apr 20
Climb Global Solutions, Inc. to Report Q1, 2024 Results on May 02, 2024 Climb Global Solutions, Inc. announced that they will report Q1, 2024 results on May 02, 2024 Recent Insider Transactions • Mar 14
CEO & Director recently sold €210k worth of stock On the 12th of March, Dale Foster sold around 4k shares on-market at roughly €59.98 per share. This transaction amounted to 3.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Dale's only on-market trade for the last 12 months. Declared Dividend • Mar 04
Fourth quarter dividend of US$0.17 announced Shareholders will receive a dividend of US$0.17. Ex-date: 8th March 2024 Payment date: 15th March 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (24% earnings payout ratio) and cash flows (10% cash payout ratio). The dividend has increased over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend. Reported Earnings • Feb 29
Full year 2023 earnings released: EPS: US$2.80 (vs US$2.81 in FY 2022) Full year 2023 results: EPS: US$2.80. Revenue: US$352.0m (up 16% from FY 2022). Net income: US$12.3m (up 1.2% from FY 2022). Profit margin: 3.5% (down from 4.0% in FY 2022). The decrease in margin was driven by higher expenses. Announcement • Feb 17
Climb Global Solutions, Inc. Appoints Timothy Popovich as Chief Operating Officer Climb Global Solutions, Inc. announced that on February 15, 2024, the Board of Directors appointed Mr. Timothy Popovich to serve as Chief Operating Officer of the Company. Mr. Popovich, age 45, has held various leadership positions at Climb Channel Solutions, since first joining in October 2003. Mr. Popovich has served as the President and Chief Operating Officer of Climb Channel since August 2023. Prior to August 2023, Mr. Popovich served as President North America from June 2022, Executive Vice President Sales and Operations from January 2021 to May 2022, and Vice President of Sales North America from January 2019 to December 2020. Mr. Popovich holds a Bachelor of Arts in Communications from Wilkes University, and a Professional Certificate in Sales Management from Rutgers University. Announcement • Feb 16
Climb Global Solutions, Inc. to Report Q4, 2023 Results on Feb 29, 2024 Climb Global Solutions, Inc. announced that they will report Q4, 2023 results on Feb 29, 2024 Recent Insider Transactions • Nov 19
Insider recently sold €147k worth of stock On the 16th of November, Vito Legrottaglie sold around 3k shares on-market at roughly €43.28 per share. This transaction amounted to 5.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €499k more than they bought in the last 12 months. Announcement • Nov 03
Climb Global Solutions, Inc. Declares Quarterly Dividend, Payable on November 17, 2023 Climb Global Solutions, Inc.'s Board of Directors declared a quarterly dividend of $0.17 per share of its common stock payable on November 17, 2023, to shareholders of record on November 13, 2023. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.54 (vs US$0.50 in 3Q 2022) Third quarter 2023 results: EPS: US$0.54 (up from US$0.50 in 3Q 2022). Revenue: US$78.5m (up 2.9% from 3Q 2022). Net income: US$2.37m (up 8.8% from 3Q 2022). Profit margin: 3.0% (in line with 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 30% per year. Announcement • Oct 24
Climb Global Solutions, Inc. to Report Q3, 2023 Results on Nov 02, 2023 Climb Global Solutions, Inc. announced that they will report Q3, 2023 results on Nov 02, 2023 Announcement • Oct 10
Climb Global Solutions, Inc. (NasdaqGM:CLMB) acquired Data Solutions Ltd for €15.4 million. Climb Global Solutions, Inc. (NasdaqGM:CLMB) acquired Data Solutions Ltd for €15.4 million on October 9, 2023. Climb Global Solutions funded the acquisition of DataSolutions utilizing cash from the Company’s balance sheet. A potential post-closing earn-out payment is also part of the terms of the transaction. For its fiscal year ended March 31, 2023, DataSolutions reported adjusted EBITDA of approximately €3.2 million.Climb Global Solutions, Inc. (NasdaqGM:CLMB) completed the acquisition of Data Solutions Ltd on October 9, 2023 Valuation Update With 7 Day Price Move • Aug 10
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to €34.20, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 103% over the past three years. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Significant insider selling over the past 3 months (€444k sold). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$0.31 (vs US$0.63 in 2Q 2022) Second quarter 2023 results: EPS: US$0.31 (down from US$0.63 in 2Q 2022). Revenue: US$81.7m (up 20% from 2Q 2022). Net income: US$1.38m (down 49% from 2Q 2022). Profit margin: 1.7% (down from 4.0% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
Climb Global Solutions, Inc. Declares Quarterly Dividend, Payable on August 18, 2023 Climb Global Solutions, Inc. Board of Directors declared a quarterly dividend of $0.17 per share of its common stock payable on August 18, 2023, to shareholders of record on August 14, 2023. Announcement • Jul 14
Climb Global Solutions, Inc. to Report Q2, 2023 Results on Aug 03, 2023 Climb Global Solutions, Inc. announced that they will report Q2, 2023 results on Aug 03, 2023 Recent Insider Transactions • May 28
VP & CFO recently sold €342k worth of stock On the 26th of May, Andrew Clark sold around 8k shares on-market at roughly €45.31 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Andrew has been a net seller over the last 12 months, reducing personal holdings by €324k. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$0.76 (vs US$0.61 in 1Q 2022) First quarter 2023 results: EPS: US$0.76 (up from US$0.61 in 1Q 2022). Revenue: US$85.0m (up 19% from 1Q 2022). Net income: US$3.32m (up 26% from 1Q 2022). Profit margin: 3.9% (up from 3.7% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year whereas the company’s share price has increased by 36% per year. Announcement • May 05
Climb Global Solutions, Inc. Declares Quarterly Dividend, Payable on May 19, 2023 Climb Global Solutions, Inc. board of directors declared a quarterly dividend of $0.17 per share of its common stock payable on May 19, 2023, to shareholders of record on May 15, 2023. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €37.80, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 16x in the Electronic industry in Germany. Total returns to shareholders of 194% over the past three years. Recent Insider Transactions • Mar 21
Independent Director recently bought €92k worth of stock On the 17th of March, John McCarthy bought around 2k shares on-market at roughly €45.85 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €195k more in shares than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to €45.20, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 19x in the Electronic industry in Germany. Total returns to shareholders of 286% over the past three years. Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: US$2.89 (vs US$2.09 in FY 2021) Full year 2022 results: EPS: US$2.89 (up from US$2.09 in FY 2021). Revenue: US$304.3m (up 7.7% from FY 2021). Net income: US$12.5m (up 40% from FY 2021). Profit margin: 4.1% (up from 3.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 17
Climb Global Solutions, Inc. to Report Q4, 2022 Results on Mar 02, 2023 Climb Global Solutions, Inc. announced that they will report Q4, 2022 results on Mar 02, 2023 Announcement • Nov 08
Climb Global Solutions, Inc. Appoints Kimberly S. Boren to Its Board The Board of Directors of Climb Global Solutions, Inc. has appointed Mrs. Kimberly S. Boren to the Board effective November 7, 2022. With the appointment of Boren, Climb's Board of Directors will return to seven members, six of whom are independent under the Nasdaq listing standards. Boren will serve on the Audit Committee and Compensation Committee of the Board of Directors. Boren brings over 25 years of experience leading and executing finance and accounting functions for both public and private companies. She also has an extensive track record of spearheading M&A transactions. Boren currently serves as the Chief Financial Officer of Learfield’s Paciolan and Sidearm Divisions, where she has led multiple successful acquisitions, integrations, and an international divestiture. Prior to Learfield, she held multiple leadership roles at Experian and Honeywell, and also served as the Chief Financial Officer for AutoWeb. Boren is a graduate of the Marshall School of Business at the University of Southern California, where she earned a Master of Business Administration degree in Finance. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$0.52 (vs US$0.55 in 3Q 2021) Third quarter 2022 results: EPS: US$0.52 (down from US$0.55 in 3Q 2021). Revenue: US$76.3m (up 11% from 3Q 2021). Net income: US$2.23m (down 5.9% from 3Q 2021). Profit margin: 2.9% (down from 3.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 04
Climb Global Solutions Inc Declares Quarterly Dividend, Payable on November 18, 2022 Subsequent to quarter end, on November 1, 2022, the board of directors of Climb Global Solutions Inc. declared a quarterly dividend of $0.17 per share of its common stock payable on November 18, 2022, to shareholders of record on November 14, 2022. Announcement • Oct 26
Wayside Technology Group, Inc. to Report Q3, 2022 Results on Nov 03, 2022 Wayside Technology Group, Inc. announced that they will report Q3, 2022 results on Nov 03, 2022 Announcement • Aug 20
Wayside Technology Group, Inc. (NasdaqGM:WSTG) acquired Spinnakar Limited for $11.8 million. Wayside Technology Group, Inc. (NasdaqGM:WSTG) acquired Spinnakar Limited for $11.8 million on August 18, 2022. The aggregate purchase price of $11.8 million payable at closing (subject to working capital and other adjustments), plus a potential post-closing earnout. The Company funded the acquisition of Spinnakar utilizing cash from the Company’s balance sheet.
Wayside Technology Group, Inc. (NasdaqGM:WSTG) completed the acquisition of Spinnakar Limited on August 18, 2022. Announcement • Aug 19
Wayside Technology Group, Inc. Announces Appointment of Gerard Brophy, Founder and CEO of Spinnakar Limited as Managing Director Wayside Technology Group, Inc. announced appointment of Gerard Brophy, Founder and CEO of Spinnakar Limited as Managing Director. Wayside Technology Group, Inc. completed the acquisition of Spinnakar Limited for an aggregate purchase price of $11.8 million payable at closing, plus a potential post-closing earn-out. Gerard Brophy, will continue to lead and scale Spinnakar’s EMEA business and will seamlessly integrate with Wayside's European business units, Climb UK and Grey Matter. Wayside anticipates various operating synergies and improvements for vendor recruitment and expansion in EMEA and across the globe. Mr. Brophy is a seasoned executive and brings a strong track record of success in the IT channel, including his leadership role at BigTec, which was acquired by Exclusive Networks, in addition to his deep relationships with various vendor partners throughout the EMEA region. Reported Earnings • Aug 05
Second quarter 2022 earnings released: EPS: US$0.65 (vs US$0.49 in 2Q 2021) Second quarter 2022 results: EPS: US$0.65 (up from US$0.49 in 2Q 2021). Revenue: US$67.9m (down 9.9% from 2Q 2021). Net income: US$2.79m (up 34% from 2Q 2021). Profit margin: 4.1% (up from 2.8% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 04
Wayside Technology Group, Inc. Declares Quarterly Dividend, Payable on August 19, 2022 On August 2, 2022, Wayside Technology Group, Inc.’s board of directors declared a quarterly dividend of $0.17 per share of its common stock payable on August 19, 2022 to shareholders of record on August 15, 2022. Announcement • Jul 30
Wayside Technology Group, Inc. Announces Demise of Ross Crane, Member of the Board of Directors Wayside Technology Group, Inc. is saddened to report that the Company received notice on July 26, 2022 that Mr. Ross Crane, a member of the Company's Board of Directors, passed away on July 23, 2022. Mr. Crane joined the Company's Board of Directors in December 2019 as an independent director. Mr. Crane served as Chair of the Audit Committee of the Company's Board of Directors and was a member of the Nominating and Corporate Governance Committee. Following Mr. Crane's death, the size of the Company's Board of Directors has been reduced to six members, five of whom are independent directors pursuant to the Nasdaq Stock Market LLC Listing Rules. In addition, the size of the Audit Committee has been reduced to two members, each of whom is an independent director pursuant to the Listing Rules. Announcement • Jul 29
Wayside Technology Group, Inc., Annual General Meeting, Jul 23, 2023 Wayside Technology Group, Inc., Annual General Meeting, Jul 23, 2023. Announcement • Jul 26
Wayside Technology Group, Inc. to Report Q2, 2022 Results on Aug 04, 2022 Wayside Technology Group, Inc. announced that they will report Q2, 2022 results on Aug 04, 2022 Announcement • Jun 17
Climb Channel Solutions Promotes Tim Popovich to President of Climb Channel Solutions North America Climb Channel Solutions, a wholly-owned subsidiary of Wayside Technology Group, Inc. promoted Tim Popovich from Executive Vice President of Sales and Operations to President of Climb Channel Solutions North America. With over 18 years of service at Climb and even more in the IT channel Tim Popovich has truly climbed the ladder of success. Tim was hired in 2003 as a Sales Associate rising through the ranks with 6 additional titles before his promotion to President. The company culture at Climb focuses on being humble, working hard, and continuing to learn and striving for the next level of success. Climb encourages and expects all their employees to look for their path and to never give up. Tim Popovich has influenced and left his mark in all aspects and areas of Climb, and it shows in his relationships with his colleagues. Tim’s persistence and follow-through are evident in all the team members he works with. From the executive team down to the latest Sales Associate hired. Hiring within the company has been a value of Climb Channel Solutions from the beginning. Knowing and understanding several aspects of the IT channel from an entry level position to an executive level provides the important insights needed for success in this IT environment. Recent Insider Transactions • Jun 07
VP & Chief Marketing Officer recently sold €202k worth of stock On the 2nd of June, Charles Bass sold around 6k shares on-market at roughly €35.06 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €338k more than they bought in the last 12 months. Reported Earnings • May 07
First quarter 2022 earnings released: EPS: US$0.63 (vs US$0.35 in 1Q 2021) First quarter 2022 results: EPS: US$0.63 (up from US$0.35 in 1Q 2021). Revenue: US$71.3m (up 14% from 1Q 2021). Net income: US$2.71m (up 85% from 1Q 2021). Profit margin: 3.8% (up from 2.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 42% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 06
Wayside Technology Group, Inc. Declares Quarterly Dividend, Payable on May 20, 2022 On May 3, 2022, Wayside Technology Group, Inc.’s board of directors declared a quarterly dividend of $0.17 per share of its common stock payable on May 20, 2022 to shareholders of record on May 16, 2022. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Independent Chairman of the Board Jeff Geygan is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Apr 23
Wayside Technology Group, Inc. to Report Q1, 2022 Results on May 06, 2022 Wayside Technology Group, Inc. announced that they will report Q1, 2022 results on May 06, 2022 Announcement • Apr 22
Wayside Technology Group, Inc., Annual General Meeting, Jun 07, 2022 Wayside Technology Group, Inc., Annual General Meeting, Jun 07, 2022, at 10:00 Eastern Daylight. Agenda: To vote upon the election of seven directors to the company’s Board of Directors, each to serve until the next annual meeting of stockholders and until his or her successor is duly elected and qualified; to vote upon a non-binding, advisory resolution to approve the executive compensation of the company’s named executive officers, as described in the accompanying proxy statement; to vote upon the ratification of the appointment of BDO USA, LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2022; and to consider any other matters. Recent Insider Transactions • Mar 11
Insider recently sold €142k worth of stock On the 9th of March, Vito Legrottaglie sold around 5k shares on-market at roughly €28.43 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €117k more than they bought in the last 12 months. Reported Earnings • Mar 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: US$2.15 (up from US$1.01 in FY 2020). Revenue: US$282.6m (up 12% from FY 2020). Net income: US$9.20m (up 112% from FY 2020). Profit margin: 3.3% (up from 1.7% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 04
Wayside Technology Group, Inc. Declares Quarterly Dividend, Payable on March 18, 2022 On March 1, 2022, Wayside Technology Group, Inc.’s board of directors declared a quarterly dividend of $0.17 per share of its common stock payable on March 18, 2022 to shareholders of record on March 14, 2022. Announcement • Feb 24
Wayside Technology Group, Inc. Elects Greg Scorziello to Board of Directors The Board of Directors of Wayside Technology Group, Inc. has elected Greg Scorziello to the Board effective February 22, 2022. With the appointment of Scorziello, Wayside's Board consists of seven directors, six of whom are independent under the listing standards of the NASDAQ. Currently, Greg serves as a board member, strategic advisor and investor for DC Byte. In addition, he is a strategic advisor to Appvia.io as well as an investor and director of Cobblestone Ventures Ltd. Announcement • Feb 18
Wayside Technology Group, Inc. to Report Q4, 2021 Results on Mar 03, 2022 Wayside Technology Group, Inc. announced that they will report Q4, 2021 results Pre-Market on Mar 03, 2022 Announcement • Feb 02
Wayside Technology Group, Inc. Appoints Matthew Sullivan as the Chief Accounting Officer On February 1, 2022, the Board of Directors of Wayside Technology Group, Inc. appointed Matthew Sullivan as the Company’s Chief Accounting Officer, effective February 1, 2022. In such role, Mr. Sullivan will serve as the Company’s principal accounting officer for purposes of the Company’s filings with the Securities and Exchange Commission. Mr. Sullivan, age 35, has 13 years of accounting and financial leadership experience. He joined the Company in January 2019 and has risen internally to his most recent role as Vice President, Corporate Controller. Prior to joining the Company, Mr. Sullivan spent two years with Jackson Hewitt as Director of Accounting. Prior to joining Jackson Hewitt, Mr. Sullivan began his professional career in public accounting, including five years with BDO USA. Mr. Sullivan received a Bachelor of Science in Accounting from Kutztown University. Concurrent with the effectiveness of Mr. Sullivan’s appointment, Andrew Clark, the Company’s Chief Financial Officer, ceased to occupy the role of principal accounting officer of the Company. Valuation Update With 7 Day Price Move • Nov 15
Investor sentiment improved over the past week After last week's 17% share price gain to €28.40, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 28x in the Electronic industry in Germany. Total returns to shareholders of 220% over the past three years. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$0.57 (vs US$0.12 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$68.9m (up 13% from 3Q 2020). Net income: US$2.44m (up 375% from 3Q 2020). Profit margin: 3.5% (up from 0.8% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 06
Second quarter 2021 earnings released: EPS US$0.50 (vs US$0.13 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$75.4m (up 33% from 2Q 2020). Net income: US$2.14m (up 283% from 2Q 2020). Profit margin: 2.8% (up from 1.0% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Jul 01
Executive Officer Michael Vesey has left the company On the 30th of June, Michael Vesey was replaced as CEO by Dale Foster after less than a year in the role. Michael still personally held 45.44k shares (€981k worth) as of March 2021. This is 1.1% of the company. A total of 2 executives have left over the last 12 months. Under Michael's leadership, the company delivered a total shareholder return of -0.4%. Executive Departure • Jun 11
Independent Director Diana Kurty has left the company On the 8th of June, Diana Kurty's tenure as Independent Director ended after 5.5 years in the role. As of March 2021, Diana still personally held 11.61k shares (€142k worth at the time). A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 4.04 years. Reported Earnings • May 07
First quarter 2021 earnings released: EPS US$0.36 (vs US$0.18 in 1Q 2020) The company reported a solid first quarter result with improved earnings and profit margins, although revenues were flat. First quarter 2021 results: Revenue: US$62.8m (flat on 1Q 2020). Net income: US$1.52m (up 86% from 1Q 2020). Profit margin: 2.4% (up from 1.3% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 06
Wayside Technology Group, Inc. Declares Quarterly Dividend, Payable on May 21, 2021 Wayside Technology Group, Inc. board of directors declared a quarterly dividend of $0.17 per share of its common stock payable on May 21, 2021 to shareholders of record on May 17, 2021. Reported Earnings • Mar 18
Full year 2020 earnings released: EPS US$1.01 (vs US$1.51 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$251.6m (up 21% from FY 2019). Net income: US$4.34m (down 35% from FY 2019). Profit margin: 1.7% (down from 3.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment improved over the past week After last week's 17% share price gain to US$19.80, the stock is trading at a trailing P/E ratio of 23.9x, up from the previous P/E ratio of 20.4x. This compares to an average P/E of 30x in the Electronic industry in Germany. Total returns to shareholders over the past three years are 100%. Is New 90 Day High Low • Mar 03
New 90-day high: €21.00 The company is up 24% from its price of €16.90 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electronic industry, which is up 9.0% over the same period. Reported Earnings • Mar 02
Full year 2020 earnings released: EPS US$1.04 (vs US$1.51 in FY 2019) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2020 results: Revenue: US$251.6m (up 21% from FY 2019). Net income: US$4.47m (down 33% from FY 2019). Profit margin: 1.8% (down from 3.2% in FY 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 23
Wayside Technology Group, Inc. to Report Q4, 2020 Results on Mar 02, 2021 Wayside Technology Group, Inc. announced that they will report Q4, 2020 results Pre-Market on Mar 02, 2021 Announcement • Dec 15
Wayside Technology Group, Inc. Promotes Charles Bass as Chief Marketing Officer On December 14, 2020, Wayside Technology Group, Inc. announced the promotion of Charles Bass, the Vice President of Alliances and Marketing of Climb Channel Solutions, Inc., a subsidiary of the Company, to Chief Marketing Officer of the Company. Bass most recently served as Vice President of Alliances and Marketing. As CMO, Bass will be responsible for overseeing the strategy, planning and execution of Climb's global marketing initiatives. These strategies encompass, global market analysis, vendor procurement and partner enablement, brand management, advertising and promotion, as well as integrated marketing communications in both digital and traditional marketing channels, to bring about profit-enhancements and market-product synergies for the company in the global market. Bass brings more than 20 years of experience in channel marketing and business development to the CMO role. Is New 90 Day High Low • Dec 10
New 90-day low: €15.90 The company is down 26% from its price of €21.40 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 8.0% over the same period. Reported Earnings • Nov 11
Third quarter 2020 earnings released: EPS US$0.12 The company reported a soft third quarter result with weaker earnings and profit margins, although revenues were improved. Third quarter 2020 results: Revenue: US$60.9m (up 16% from 3Q 2019). Net income: US$530.0k (down 63% from 3Q 2019). Profit margin: 0.9% (down from 2.7% in 3Q 2019). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. 
