New York, May 26, 2026, 16:06 EDT
- Climb Global Solutions traded at $21.17 late Tuesday, up 1%. About 79,000 shares changed hands.
- The Nasdaq and S&P 500 were up in a session paced by tech after markets shut for Memorial Day. The move followed the holiday.
- Climb’s annual meeting is set for June 2, following a first quarter where the company posted higher sales but saw net income dip.
Climb Global Solutions Inc. climbed in late trading Tuesday, with tech stocks mostly firmer as U.S. markets got back to business after Memorial Day. Shares in the Nasdaq IT distributor last changed hands at $21.17 at 3:50 p.m. ET, up 21 cents, or 1.0%. The stock moved between $21.03 and $21.45.
Timing played a role. Nasdaq had Memorial Day, May 25, marked as a market holiday, so Tuesday opened trading after the long weekend. Risk appetite was strong, with the S&P 500 and Nasdaq both near all-time highs. According to Reuters, the Nasdaq was up 1.01% and the S&P 500 added 0.54% as of 2:13 p.m. EDT.
Tech stocks set the pace, with little in the way of new developments from Climb. The most recent press release in Climb’s investor feed was the April 29 Q1 report, while the latest filing on its SEC page was a May 13 Schedule 13G/A.
Tech stocks have rallied this year in a way that “reminds you of the boom” from the late 1990s, Chris Zaccarelli, CIO at Northlight Asset Management, told Reuters. Smaller distributors like Climb aren’t chipmakers, but they depend on business spending in software, cloud, and security tools. Reuters
Climb posted a mixed set of first-quarter numbers. Net sales were up 32% to $182.4 million. Gross billings climbed 14% to $542.8 million. Net income slipped to $3.3 million, or 18 cents a diluted share, from $3.7 million, or 20 cents, a year ago.
Adjusted EBITDA rose 4% to $7.9 million as Climb Global Solutions cut out interest, taxes, depreciation, amortization, and certain other costs. Profit growth slowed. Investors may now watch whether Climb can push margins wider, since sales growth alone won’t be enough for the stock’s next move.
Climb CEO Dale Foster said in the earnings statement that Climb posted “double-digit organic growth” last quarter and saw gains from its buyout of interworks.cloud. Foster added that the company wants to keep making deals but will be disciplined on capital. Climb Global Solutions
Climb is moving on that plan already. The company said it stopped its quarterly cash dividend starting with the first quarter, aiming to keep more cash for growth and acquisitions. At March 31, Climb reported $41.8 million in cash and no debt.
Distribution and reseller stocks moved in different directions. TD SYNNEX was up 1.6% late Tuesday. ScanSource gained 2.1%. CDW dropped 2.2%. Investors seemed to pick among the group instead of moving into the sector as a whole.
Climb’s risk is straightforward. In the first quarter, two big customers made up 26% and 17% of net sales, according to the company. Its latest quarterly filing points to risks like pricing pressure, vendor rebates, tariffs, integrating acquisitions, and how customers respond to its distribution model. If the company sees fewer orders, smaller vendor incentives or trouble folding in Interworks, sales gains could mean slimmer profits.
Climb is set to hold its annual meeting June 2 at 10:00 a.m. EDT. Investors will be looking for updates on M&A, the dividend pause, customer concentration and if Climb can keep growth ahead of rising costs.
