Climb Global Solutions, Inc.

Good morning, everyone, and thank you for participating in today's conference to discuss CLIMB Global Solutions financial results for the fourth quarter and full year ended December 31st, 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 fourth quarter and full year 2023 earnings press release, which was issued yesterday afternoon at approximately 4 or 5 p.m. Eastern time. The release is available in the investor relations section of the 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'd now like to turn the call over to Mr. Mansouri for introductory comments. Please proceed.

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, 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'd now like to turn the call over to CLIMB's CEO, Dale Foster.

Thank you, Sean, and good morning, everyone. Our fourth quarter performance capped off another exceptional year for CLIMB as we generated record results in all of our key financial metrics and delivered on our acquisition objectives. These results were driven by continued focus on our core initiatives and the integration of data solutions, which was acquired in October of 2023 and immediately benefited our top and bottom line. We also continue to generate organic growth in both the US and Europe as we deepen our relationships with customers, along with adding strategic vendors to our line card. As a brief reminder on our acquisition of data solutions, a leading distributor of cloud and security solutions in Ireland and the UK, Their team brings a longstanding network of relationships to CLIMB, such as Check Point, Citrix, HP Aruba, to just name a few. Data Solutions also carries a robust recurring revenue base with more than 90% of its fiscal 2023 revenue coming from existing reseller partners. We are actively identifying cross-selling opportunities and cost synergies and look forward to unlocking additional benefits as we further integrate Data Solutions into our financial and operating workflows. Throughout 2023, we evaluated a robust pipeline of emerging vendors as we were very thoughtful in selecting the right partners to add to our line cart. We are focused on targeting and signing vendors that fit into our ecosystem and bring disruptive technology to the marketplace. For perspective, in Q4, we evaluated 13 vendors but signed agreements with only four of them, quickly touching on a few of these wins. First, we launched a partnership with DNS Filter, a leading threat detection and content filtering application that redefines how organizations secure their largest threat vector, which is the Internet itself. DNS Filter utilizes machine learning to protect over 26 million monthly users from phishing, malware, and advanced security threats. Next, we partnered with KiteWorks, a compliance and security application that enables organizations to identify, track, control, and secure sensitive data content, communications under a single platform. Tightworks protects over 35 million end users for almost 4,000 global enterprise and government agencies. We are thrilled to kick off our partnership with each of these innovative technologies, and we look forward to building prosperous relationships with each of these vendors as we expand their reach throughout the channel. As we have often stated in the past, our goal is to build deep and meaningful relationships with our partners and vendors, It is a differentiator between us and our large competitors. As a testament to our commitment, in November, we were named one of CDW's 2023 Distributors of the Year for providing a customer-first relationship, as well as exemplary products, services, and solutions to support the CDW partnership and our customers. We have grown side-by-side with CDW for more than 20 years as partners as we look forward to building on our mutual success in the years to come. In addition to CW's Partner of the Year, CLIMB was awarded Wasabi's Technology Distributor of the Year Award in both North America and EMEA. We are honored to be recognized as Wasabi's Distributor of Choice and are excited to capitalize the momentum for 2023 into the year ahead. Turning to personal development, in November, we announced the appointment of Kim Stevens to Worldwide VP of Marketing. Kim assumed the global marketing responsibility for CLIMB, including the creation and execution of comprehensive marketing strategy strategy, branding, and also partner marketing. Kim's appointment is part of a long-term growth strategy to expand our reseller coverage, operations, and marketing presence. We are thrilled to have Kim to lead our global marketing efforts to align our branding as we further scale our footprint in the U.S. and overseas. Looking ahead to our strategy, it remains unchanged. leverage our global footprint and drive organic growth, expanding our line card to the most innovative companies in the market. We will also continue to pursue M&A opportunities in both the U.S. and overseas that can broaden our geographic footprint, expand our vendor reach, and also bolster our service and solution offerings. Between a robust balance sheet, a growing pipeline of prospective vendors, and a proven track record of accretive acquisitions, we are well positioned to continue driving shareholder value. With that, I will turn the call over to our CFO, Drew Clark, to take you through the financial results. Drew?