{"id":11059,"date":"2025-03-11T09:56:48","date_gmt":"2025-03-11T09:56:48","guid":{"rendered":"https:\/\/www.climbcs.com\/uk\/?p=11059"},"modified":"2025-03-11T10:08:55","modified_gmt":"2025-03-11T10:08:55","slug":"climb-global-solutions-announces-record-breaking-financial-results-for-2024","status":"publish","type":"post","link":"https:\/\/www.climbcs.com\/uk\/resources\/climb-global-solutions-announces-record-breaking-financial-results-for-2024\/","title":{"rendered":"Climb Global Solutions Announces Record Breaking Financial Results for 2024\u00a0"},"content":{"rendered":"\n<div class=\"wp-block-columns rounded has-bs-gray-200-background-color has-u-002-du-002-dbs-gray-200-background-color has-background has-u002du002dbs-gray-200-background-color has-background\">\n<div class=\"wp-block-column has-u002du002dbs-gray-200-background-color has-background\">\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer has-u002du002dbs-gray-200-background-color has-background\"><\/div>\n\n\n\n<p><strong>DEVON, UK &#8211; March 11, 2025 \u2013 <\/strong><a href=\"https:\/\/www.climbglobalsolutions.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Climb Global Solutions<\/a>, a value-added global IT channel company providing unique sales and distribution solutions for innovative technology vendors, today announces record breaking financial results for 2024.\u00a0\u00a0<\/p>\n\n\n\n<p>Compared to FY 2023, in 2024 Climb:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increased net sales by 32% to $465.6 million.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increased net income by 51% to $18.6 million.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increased adjusted net income by 64% to $24.0 million.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increased adjusted EBITDA by 61% to $39.6 million.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increased gross billings by 42% to $1.8 billion &#8211; distribution segment gross billings increased 44% to $1.7 billion, and Solutions segment gross billings increased 7% to $89.8 million.\u00a0<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-h-3-font-size\"><strong>EMEA growth<\/strong>&nbsp;<\/h2>\n\n\n\n<p>2024 saw Climb Channel Solutions, Climb\u2019s distribution arm in Europe, <a href=\"https:\/\/www.climbcs.com\/uk\/news\/building-momentum-in-the-dach-region-climb-channel-solutions-signs-several-vendor-partnerships-interest-grows-in-climbs-ai-academy\/\" target=\"_blank\" rel=\"noreferrer noopener\">expand its operations to the DACH region<\/a> with the opening of an office in <a href=\"https:\/\/www.climbcs.com\/uk\/news\/climb-channel-solutions-launches-in-the-dach-region\/\" target=\"_blank\" rel=\"noreferrer noopener\">Munich in October 2024<\/a>. Climb entered the DACH region\u2019s IT channel with a new value-add concept &#8211; the <a href=\"https:\/\/www.climbcs.com\/uk\/climb-ai-academy-uk\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u2018Climb AI Academy<\/a>\u2019. The Climb AI Academy offers IT partners a framework with custom AI training and helps them to gain a foothold in the booming AI market and position themselves for growth. The concept has proved so successful that the AI Academy will be launched in the UK and Ireland later this year.\u00a0\u00a0<\/p>\n\n\n\n<p>EMEA growth has also been enabled by existing technologies in Climb\u2019s vendor portfolio, including <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/vast\/\">VAST<\/a>, <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/manageengine\/\" target=\"_blank\" rel=\"noreferrer noopener\">ManageEngine<\/a>, <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/solarwinds\/\" target=\"_blank\" rel=\"noreferrer noopener\">SolarWinds<\/a>, <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/quest\/\" target=\"_blank\" rel=\"noreferrer noopener\">Quest Software<\/a>. In addition, Climb Channel Solutions has signed additional partnership deals with Tier 1 vendors including: <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/controlup\/\" target=\"_blank\" rel=\"noreferrer noopener\">ControlUp<\/a>, <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/hcl-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">HCL Software<\/a>, <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/algosec\/\" target=\"_blank\" rel=\"noreferrer noopener\">AlgoSec<\/a>, <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/arcserve\/\" target=\"_blank\" rel=\"noreferrer noopener\">Arcserve<\/a>, <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/flexera\/\" target=\"_blank\" rel=\"noreferrer noopener\">Flexera<\/a>, <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/libraesva\/\" target=\"_blank\" rel=\"noreferrer noopener\">Libraesva<\/a>, <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/censys\/\" target=\"_blank\" rel=\"noreferrer noopener\">Censys<\/a> and <a href=\"https:\/\/www.climbcs.com\/uk\/vendors\/coro\/\" target=\"_blank\" rel=\"noreferrer noopener\">Coro<\/a>.\u00a0\u00a0<\/p>\n\n\n\n<p>To ensure channel partners have the information they need about Climb\u2019s vendor portfolio, as well as market knowledge and insights about 2025 challenges and opportunities, Climb will be rolling out several new initiatives and events throughout the year. This includes the <a href=\"https:\/\/www.climbcs.com\/uk\/climb-partner-summit-2025\/\" target=\"_blank\" rel=\"noreferrer noopener\">Climb Partner Summit this May<\/a> in London, which brings Climb vendors, resellers and channel leaders together for panel discussions and networking opportunities. Climb will also be hosting a series of <a href=\"https:\/\/event.on24.com\/wcc\/r\/4874100\/FBFA4593CC0C42086400DAAEE9AA04A7?partnerref=PR\" target=\"_blank\" rel=\"noreferrer noopener\">virtual \u2018Vendor Den\u2019 events<\/a> to help introduce and launch emerging technology vendors in the UK market.\u00a0<\/p>\n\n\n\n<p>At the end of Q4 2024, Climb announced over 12 internal promotions, highlighting the company&#8217;s commitment to recognising and advancing talent from within. Among these were <a href=\"https:\/\/www.climbcs.com\/news\/climb-channel-solutions-promotes-kim-stevens-to-cmo-and-charles-bass-to-cao\/\" target=\"_blank\" rel=\"noreferrer noopener\">two significant senior promotions<\/a>: Kim Stevens has been appointed as Chief Marketing Officer (CMO), and Matt Sullivan as Chief Financial Officer (CFO). Both Kim and Matt are seasoned professionals with extensive experience in the channel, bringing a wealth of knowledge and leadership to their new roles.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-h-3-font-size\"><strong>#TheClimbWay<\/strong>&nbsp;<\/h2>\n\n\n\n<p>In 2025, Climb\u2019s guiding principles focus around <a href=\"https:\/\/www.climbcs.com\/uk\/news\/welcome-to-theclimbway\/\" target=\"_blank\" rel=\"noreferrer noopener\">#TheClimbWay<\/a> &#8211; a commitment to data-driven distribution, prioritising speed to market, and putting people and partners first. Climb will continue to partner with emerging technologies that enable resellers to grow and stay ahead of the curve around AI, cloud, cybersecurity and more.\u00a0<\/p>\n\n\n\n<p>Gerard Brophy, CRO, Climb said: <em>\u201cIt was an exceptional 2024 for Climb, where we broke records across all key financial metrics. This demonstrates just how hard our entire team in the US and here in EMEA have worked to deliver this level of success. Looking now at 2025, our focus is on supporting our vendors and partners, and continuing to offer the level of experience, knowledge and unparalleled service they have come to expect from Climb.\u201d<\/em>\u00a0<\/p>\n\n\n\n<p><em>\u201cAt Climb we understand the immense potential of AI and are excited to be expanding our AI Academy offering to the UK market. Our goal is to provide IT partners with a comprehensive framework, combining AI training and access to innovative technologies from our vendor portfolio. This will not only empower our partners to specialise, position and differentiate themselves in the AI space but will also help them to seize valuable opportunities in a rapidly growing market. Looking ahead, we remain committed to bringing the latest emerging technologies to the EMEA market throughout 2025,\u201d a<\/em>dded Brophy.\u00a0<\/p>\n\n\n\n<p>For more information about Climb Channel Solutions, visit <a href=\"https:\/\/www.climbcs.com\/uk\/\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.climbcs.com\/uk\/<\/a>.&nbsp;&nbsp;<\/p>\n\n\n\n<p>ENDS&nbsp;<\/p>\n\n\n\n<p><strong>About Climb Channel Solutions<\/strong>&nbsp;<\/p>\n\n\n\n<p>Climb Channel Solutions is a global specialty technology distributor focusing on Security, Data Management, Connectivity, Storage &amp; HCI, Virtualisation &amp; Cloud, Artificial Intelligence and Software Application &amp; Lifecycle.\u202f What sets Climb apart is our commitment to transform distribution by providing emerging and established IT technologies, flexible financing, real-time quoting, best of breed channel operations, speed to market, and exceptional service to our partners worldwide. Climb Channel Solutions is a wholly owned subsidiary of Climb Global Solutions (NASDAQ: CLMB). Experience the Climb difference and learn how our people-first approach empowers VARs and MSPs to grow, scale, and accelerate their business.\u202f&nbsp;&nbsp;<\/p>\n\n\n\n<p>Visit\u202f<a href=\"https:\/\/www.climbcs.com\/uk\/\">www.climbcs.com\/uk<\/a>\u202fand connect with us on\u202f<a href=\"https:\/\/www.linkedin.com\/company\/climbcs-uk\" target=\"_blank\" rel=\"noreferrer noopener\">LinkedIn<\/a><\/p>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer has-u002du002dbs-gray-200-background-color has-background\"><\/div>\n<\/div>\n<\/div>\n\n\n\n\n","protected":false},"excerpt":{"rendered":"<p>DEVON, UK &#8211; March 11, 2025 \u2013 Climb Global Solutions, a value-added global IT channel company providing unique sales and&#8230;<\/p>\n","protected":false},"author":18,"featured_media":11061,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[24],"tags":[],"resource_type":[55,141],"solution":[],"vendor_name":[],"class_list":["post-11059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","resource_type-news","resource_type-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Climb Global Solutions Announces Record Breaking Financial Results for 2024\u00a0<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climbcs.com\/uk\/resources\/climb-global-solutions-announces-record-breaking-financial-results-for-2024\/\" \/>\n<meta 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