Climb Global Solutions, Inc.

Stand by, your program is about to begin. If you need operator assistance during the conference today, please press star zero. Good morning, everyone, and thank you for participating in today's conference call to discuss Climb Global Solutions' financial results for the second quarter ended June 30, 2024. 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 with Elevate IR. By now, everyone should have access to the second quarter 2024 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's remarks, we will open the call for your questions. I would 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, and effective margin as supplemental measures of our 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. Our teams produced another great quarter in Q2 as we increased adjusted gross billings, net income, and adjusted EBITDA year over year. These results underscore our team's continued execution of our core strategy. We continue to grow organically by deepening relationships with existing partners, signing new emerging technology vendors to our line card, and delivering on our acquisition goals. As we've often emphasized, our commitment to a focused vendor line card enables us to partner with the most innovative technology companies in the market. During the second quarter, we evaluated 31 new brands and signed agreements with only three of them. Let me briefly highlight a couple of these wins. First, we launched a partnership with Automox, a leading cloud native IoT automation endpoint management solution to our North American partners. With the addition of Automox, Climb can provide customers the capabilities to save time, eliminate risk, and automate the patching, configuration, and control of all Windows, macOS, and Linux endpoint systems with one modern IT platform. Next, we finalized our agreement with Flashpoint, a globally trusted leader in risk intelligence that includes organizations and helps organizations protect their most critical assets, infrastructure, and stakeholders from security risks as cyber attacks, ransomware fraud, and physical threats. We are excited to collaborate with each of these vendors and bring their products to market, building on a mutually beneficial relationship along the way. Last month, we announced an expansion of our GSA IT70 contract with the addition of Wasabi Technologies, a market leader in hot cloud storage. Wasabi delivers low-cost, high-performance, secure cloud objective storage for customers that require in-depth defense approach to data protection. CLIMB will also offer Wasabi Surveillance Cloud on our GSA contract, which enables organizations to cost-effectively scale and protect video surveillance footage in the cloud. Wasabi's layered approach to data security ensures customers' data is protected by physical and logical elements that meet or exceed critical compliance requirements. We're pleased to offer our partners in the public sector this innovation solution and look forward to adding further depth to our GSA contract in the future. Now, to some real exciting news. Last week, we closed the acquisition of Wisconsin-based IT distributor Douglas Stewart Software, or DSS, adding complementary scale and expertise to our North American operations. This acquisition brings more than 20 new vendor partners to climb, including Adobe, GoGuardian, and IncidentIQ. DSS is a proven leader in the education technology channel and provides services to more than 500 value-added resellers and 250 campus stores across North America in both K-12 and higher education markets. We're thrilled to welcome Chuck Hewlin and his team to the Klein family and look forward to unlocking synergies and cross-selling opportunities as we integrate DSS into our platforms in the coming months. As I have stated before, the culture and go-to-market strategies we've created at Klein set us apart in the market. Getting to know Chuck over the past 18 months solidifies this belief as Chuck and his team have built an excellent company that has similar core values and go-to-market plans as we do here at Klein. I am pleased to announce also this month that we went live with our ERP system. This new platform will significantly enhance our operations by providing better access to real-time data across finance, sales, and other reporting functions. The implementation of the new system represents a major step forward in our ability to drive operational efficiencies, improve decision-making, and support our continued growth across our global operation, particularly with new acquisitions that we will onboard to our platform. I would like to personally thank Vita Ligertali, our CTO, and his entire team that took on this project from the concept phase to a working system, and this will only enhance our competitiveness in the markets. As we enter the back half of the year, our solid foundation will enable us to continue driving strong organic growth while further improving operating leverage through the recent implementation of our ERP system. As we move into 2025, we anticipate the increased amortization expense associated with ERP will be offset through planned operating synergies in our platform. With a strong balance sheet and robust pipeline of M&A targets, we can be patient and selective as we pursue acquisitions that will not only bolster our service and solution offerings, but align with our culture and strategic goals. The combination of these initiatives will enable us to deliver on both our organic and inorganic growth objectives in 2024 and beyond. With that, I will turn the call over to our CFO, Drew Clark, to go through our financial results. Drew?