Climb Global Solutions, Inc.

Good morning, everyone, and thank you for participating in today's conference call to discuss Climb Global Solutions' financial results for third quarter ended September 30, 2022. Joining us today are Climb's CEO, Mr. Dale Foster, the company's CFO, Mr. Drew Clark, and the company's investor relations advisor, Mr. Sean Mansoury for Elevate IR. By now, everyone should have access to the third quarter 2022 earnings press release, which was issued yesterday afternoon at approximately 4.05 p.m. Eastern Time. The release is available in the investor relations section of Climb Global Solutions website at www.climbglobalsolutions.com. This call will also be available for webcast replay on the company's website. Following management remarks, we'll open the call for your questions. I would now like to turn the call over to Mr. Shawn Mancuri for introductory comments.

Thank you. Before I introduce Dale, I'd like to remind listeners that certain comments made on this conference call and webcast are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. These forward-looking statements are also subject to other risks and uncertainties that are described from time to time in the company's filings with the SEC. Do not place undue reliance on any forward-looking statements which are being made only as of the date of this call. Except as required by law, the company undertakes no obligation to revise or publicly release the results of any revision to any forward-looking statement. Our presentation also includes certain non-GAAP financial measures, including adjusted gross billing, adjusted EBITDA, and effective margin, as supplemental measures of performance of our business. All non-GAAP measures have been reconciled to the most directly comparable GAAP measures in accordance with SEC rules. You'll find reconciliation charts and other important information in the earnings press release and form 8K we furnished to the SEC yesterday. I'll now turn the call over to CLIMB's CEO, Dale Foster.

Thank you, Sean, and good morning, everyone. We continue to execute on our core initiatives during the quarter as reflected by the addition of several new vendors to our line card, while generating more than 30% organic growth with our top 20 vendors. This resulted in another strong quarter of growth and profitability, both up double digits over the prior year. As I have mentioned in the past, our commitment to a limited and focused line card allows us to partner with the most innovative brands in the market. This past quarter, we evaluated 36 new prospective brands and signed agreements with only three, including a few I'd like to highlight. In this past August, we finalized our agreement with Sol Security, an API security company that provides protection platform to prevent attacks, using machine learning and AI to automatically and continuously identify and protect APIs. We view the sole security offerings as truly next level security for the modern data center. Shortly after, in September, we partnered with Beyond Identity, a SaaS platform which is empowering the next generation of secure digital business by replacing passwords with fundamentally secure certificates. The Beyond Identity approach creates an extended chain of trust that includes the user device identity logs along with real-time information of devices security posture and identification we believe that the cloud native solution will enable our partners to offer more efficient and passwordless solutions we look forward to an excellent partnership with the plant beyond identity team most significantly during the quarter we closed the acquisition of spinnaker a uk-based it channel distributor focused on storage cloud security, and data management across the EMEA region. With a deep executive bench that brings over 40 years of IT distribution experience, Spinnaker adds 15 new vendor partners to the CLIMB umbrella, most notably Vast Data. And it significantly enhances our distribution capabilities in Europe. As of October, Spinnaker has been fully integrated into the CLIMB operating and reporting structure. And while Spinnaker did not have a material impact on Q3, We now have begun to realize the benefits from the acquisition in Q4. I would like to publicly welcome Gerard Brophy and the entire Spinnaker team to the Kahn family. Looking ahead, we will continue to be diligent in our M&A strategy as we evaluate new targets, both domestically and abroad. With a strong balance sheet and growing pipeline of targets, we can be selective as we pursue acquisitions that will be accretive to our business and align with our culture and strategic goals. Turning to recent changes across our senior leadership, I would like to highlight that Spinnaker's former CEO, Gerard Brophy, has taken over as the Chief Revenue Officer for Climb in EMEA. Gerard is a seasoned executive in IT distribution and has a deep understanding of how we differentiate Climb in the marketplace. Additionally, Matt Witten will be taking over as Chief Operating Officer for Climb in EMEA while he continues to head the gray matter solutions business globally. We are looking forward to having Gerard and Matt spearhead our next phase of growth overseas. Finally, as I'm sure you've heard and noticed, we rebranded to climb global solutions. Solutions became effective earlier this week. Our new ticker symbol is CLMB. Growing our brand at scale has always been a key initiative across this business. Given our acquisitions and global expansion over the past few years, the time was right to rebrand our company to climb global solutions. Changing not only our public company name, but our marketing and branding efforts will allow us to promote a one uniform brand that is recognizable to our investors, our customers, our vendors, and across the globe. The switch further demonstrates our commitment to a simple and efficient way of promoting our business through our cohesive global strategy. And we look forward to starting the next chapter of the company's history as Klein Global Solutions. With that, I will turn over the call to Drew for our financial results. Drew?