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 the third quarter ended September 30th, 2023. Joining us today are Climb CEO, Mr. Dale Foster. the company's CFO, Mr. Drew Clark, and the company's investor relations advisor, Mr. Sean Mansouri, with Elevate IR. By now, everyone should have access to the third quarter 2023 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 up the call for your questions. I'd now like to turn the call over to Mr. Mansouri 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 statements. Our presentation also includes certain non-GAAP financial measures, including adjusted gross billings, adjusted EBITDA, adjusted net income and EPS, as well as 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 made steady progress on our core initiatives during the quarter as reflected by another period of organic growth and profitability alongside our recent acquisition of Data Solutions. At a high level, this acquisition enables us to deepen our line card and efficiently grow market share in Europe. I'd like to publicly welcome the Data Solutions team to the CLIMB family and look forward to working with a new team in the months ahead. As we previously mentioned, our commitment is to have a focused vendor line card by selecting the most innovative technology companies in the market. Out of our 29 brands that we evaluated in the third quarter, we signed agreements with only three of them. Excuse me. I'd like to quickly highlight a couple of these wins. First, we partnered with Gig.io, a pioneer in artificial intelligence and high-performance data center solutions. This collaboration represents another step forward in our data center product line and will enable us to deliver additional cutting-edge solutions to the channel to optimize data center operations. Next, we kicked off a relationship with Security Compass, a leading provider of cybersecurity solutions that integrates directly with existing DevSecOps tools and workflows, allowing organizations to release secure and compliant software to the market quickly and cost-effectively. We are excited to collaborate with each of these vendors and bring their products to market, building a mutually beneficial relationship along the way. In early October, we closed the acquisition of Data Solutions, headquartered in Dublin, Ireland, a leading specialty distributor of cloud and security solutions with sales in both Ireland and the UK. Data Solutions brings a deep network of relationships to climb, including 14 focused vendor partnerships such as Checkpoint, Citrix, Newstar, to name a few. In addition to their strong vendor relationships, Data Solutions carries a robust recurring revenue base with more than 90% of their fiscal 2023 revenue coming from existing partners. We expect this acquisition to be immediately accretive to earnings and adjusted EBITDA, We've already identified cross-selling opportunities and look forward to unlocking additional potential as we integrate data solutions into the climb operating systems in the months ahead. Shortly after the acquisition of Data Solutions, we announced our technical services division known as Cloud KnowHow completed a rebrand to climb global services. This rebranding signifies our commitment to unifying our operating divisions under one uniform brand to build a truly global platform. Currently, our service team delivers migration, modernization, management, and services for MSPs, resellers, and their respective end users clients on platforms such as Microsoft Azure, Manage Engine, and Acronis. We're excited about the continued expanding of our professional services arm to provide a more comprehensive solutions and support to our growing customer base across the globe. Quickly touching on the macro environment. Despite broader challenges and global uncertainty, our vendor and acquisition pipelines remain strong and customer sentiment for the next year continues to be positive. We continue to monitor our evolving economic landscape and the potential of softening in the markets we serve, particularly where large competitors have experienced softness in the hardware sector. However, we believe we are still well positioned to drive value and growth to our customers and vendors in the future as we scale our global footprint. As I've mentioned before, our team is always focused on the long game. Looking ahead, we will remain diligent in our M&A strategy as we evaluate opportunities that can bolster our line card and are immediately accretive to our financial profile, both in North America and overseas. With a strong balance sheet and a robust pipeline of targets, we can be selective as we pursue acquisitions that will further add scale to our business as we align with our culture and strategic goals. With this, I will turn the call over to our CFO, Drew Clark, and he will take you through the financial results. Thank you, Drew.