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August 4 , 2021 CLIMB GLOBAL SOLUTIONS Wayside Technology Group Reports Second Quarter 2021 Results Strategic Growth Drives 33 % Increase in Net Sales and Record Levels of Gross Profit , Net Income and Adjusted EBITDA for the Second Quarter EATONTOWN , N.J. , Aug. 04 , 2021 ( GLOBE NEWSWIRE ) -- Wayside Technology Group , Inc. ( NASDAQ : WSTG ) ( “ Wayside " or the " Company " ) , a value - added global IT channel company providing innovative sales and distribution solutions for emerging technology vendors , is reporting results for the second quarter ended June 30 , 2021 . Second Quarter 2021 Highlights vs. Year - Ago Quarter • Net sales increased 33 % to $ 75.4 million . • Adjusted gross billings ( a non - GAAP financial measure defined below ) increased 48 % to $ 235.1 million . • Gross profit increased 54 % to a record $ 11.0 million . • Net income increased approximately 4x to $ 2.1 million or $ 0.49 per diluted share . ● Adjusted EBITDA ( a non - GAAP financial measure defined below ) increased 68 % to $ 3.5 million . Management Commentary " We generated exceptional growth across all key operating and financial metrics during the second quarter , driven by execution of our organic growth initiatives , operating leverage and the benefit of successfully integrating two acquisitions over the past year , " said CEO Dale Foster . " Although Q2 2020 was impacted by the effects of the pandemic , we even exceeded pre - COVID performance levels , which is a testament to the foundation we have built and our team's perseverance through a difficult 2020 . " Operationally , we continue to focus on our growth initiatives : drive organic growth from existing vendors while trimming non - performers ; enhance our line card with the addition of new emerging vendors ; and execute upon our acquisition strategy utilizing our balance sheet and free cash flow to acquire companies that will be strategic , accretive to earnings and improve gross profit margins . Our execution of these initiatives is reflected in our results and through several new and expanded partnerships with marquee technology companies like Palo Alto Networks , Micro Focus and StorOne . " We also launched our new Climb Expedition cloud marketplace during the second quarter , which is now live for our entire customer base to acquire and manage vendor software licenses . Further , our rebranding of Sigma Distribution in the UK to Climb Channel Solutions is complete and our distribution teams are in lock - step globally .