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 fourth quarter and full year ended December 31st, 2024. Joining us today are Climb's CEO, Mr. Dale Foster, the company's CFO, Mr. Matthew Sullivan, and the company's investor relations advisor, Mr. Aaron D'Souza with Elevate IR. By now, everyone should have access to the fourth quarter and full year 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'll be open to call for your questions. I'd now like to turn the call over to Mr. D'Souza for introductory comments.

Thank you, Operator. 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 key operational metrics and non-GAAP financial measures, including 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 in Form 8K we furnished to the SEC yesterday. I would now like to turn the call over to CLIMB's CEO, Dale Foster.

Thank you, Aaron, and good morning, everyone. Our fourth quarter performance capped off an exceptional 2024, marking another year of record results across all key financial metrics. These achievements underscore our team's execution of our core initiatives. We continue to focus on organic growth by deepening relationships with existing vendors and customers while sending new emerging vendors to our line card and delivering on our acquisition goals. Throughout the year, we evaluated over 120 vendors and signed agreements with only 13 of them, focusing on the most innovative technologies in our market segments. In Q4, we evaluated 34 brands but only partnered with two of them. I'd like to quickly highlight a couple of these wins. First, we launched a partnership with Scality, a global leader in cyber resilient storage software for AI environments. This strategic collaboration aims to expand Scality's reach across North America, enabling organizations to access scalable, secure, and high-performance storage solutions for their growing data needs. Next, we signed an agreement with Smartsheet, a dynamic work management platform that empowers teams to collaborate, automate workflows, and drive innovation and scale with flexibility and security. We are excited to collaborate with each of these vendors and bring their products to market, building a mutually beneficial relationship along the way. We continue to make progress with the implementation of our new ERP system, a critical step in streamlining processes and enhancing real-time data accessibility across the global operations. While we still are in the early stages, we are already seeing improvements in transactional efficiency. As we continue optimizing our systems, we anticipate unlocking additional benefits, driving greater agility, visibility, and operational effectiveness across the organization. In January, we announced several changes to our executive leadership team. To start, we appointed Matt Sullivan, our chief financial officer following the retirement of Drew Clark. I'd like to thank Drew for his invaluable contributions to CLIMB over the years and congratulate Matt on his well-earned promotion to CFO. Since joining us in 2019 as vice president and corporate controller, Matt has risen internally to his most recent role as chief accounting officer, overseeing our global accounting functions, including external, internal reporting, compliance, and planning. He has also played a pivotal role in advancing CLIMB's growth strategy and helping drive our financial due diligence for five accretive acquisitions since 2020. Shortly after Matt's appointment, we announced the promotion of two leaders who have played a pivotal role also in driving CLIMB's growth and success. First, Kim Stevens has been appointed to our Chief Marketing Officer. Kim's proven track record of success and commitment to excellence is a testament to her talent and dedication as we nurture within CLIMB. Next, Charles Bass was promoted to our newly created role of Chief Alliance Officer for CLIMB Global Solutions. Charles has taken on the global responsibility in identifying, vetting, and onboarding our most innovative technologies in the marketplace into our ecosystem, positioning CLIMB as a trusted partner for growth. I'm proud of the achievements of these two individuals, and I look forward to seeing the impact that they will continue to make in their new roles. At the end of January, we announced the appointment of John McCarthy as our new chairman of the board. John has over 30 years of experience in the technology sector of leadership. He is also a board member, board director of CLIMB since 2019, and currently serves as the compensation committee chair. We're proud to have John leave our board, and CLIMB's executive team looks forward to working with him to drive our strategic vision forward. We're excited about the year ahead, and while we have some holes to fill due to the public exit of Citrix leaving the channel, we view this as an opportunity to strengthen our mix and further diversify our offerings. Looking ahead, we will continue building on a solid foundation to generate strong organic growth while further improving operating leverage. We will continue to also evaluate M&A opportunities that will enhance our services and solutions offerings, as well as expand our geographic footprint in the U.S. and overseas. These initiatives, coupled with our demonstrated track record of execution and a robust balance sheet, will enable us to deliver on our organic and inorganic initiatives in 2025. With that, I will turn the call over to our CFO, Matt Sullivan, to take you through the financial results.