Climb Global Solutions (NASDAQ: CLMB) shares surged 6.47% in the after-hours session on Wednesday, following the company's impressive fourth quarter 2024 earnings results that surpassed Wall Street expectations. The global IT distribution and solutions provider also provided an upbeat outlook, driven by its strong execution and growth strategies.

For the fourth quarter, CLMB reported adjusted earnings per share of $2.26, beating analysts' consensus estimate of $1.01 by a wide margin. Net sales jumped 51% year-over-year to $161.76 million, also exceeding the $114.37 million estimate. The robust performance was fueled by organic growth from new and existing vendor partnerships, as well as the contribution from the acquired Douglas Stewart Software & Services (DSS).

CLMB's solid results extended into the full year 2024, with record levels across key financial metrics such as net income, adjusted net income, and adjusted EBITDA. The company's CEO, Dale Foster, highlighted the successful implementation of its selective vendor strategy, adding scale and expertise through the DSS acquisition, and double-digit organic growth in both North America and Europe.

Looking ahead, CLMB expects to further enhance its operating leverage through the rollout of an ERP system and continued evaluation of strategic M&A opportunities. Additionally, the company maintained its quarterly dividend of $0.17 per share, demonstrating confidence in its financial strength and commitment to returning value to shareholders.