NASDAQ$CGBD

Carlyle Secured Lending Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced solid financial results driven by strong portfolio performance and income generation.

Carlyle Secured Lending, Inc. reported solid first quarter financial results with growth in net asset value, driven by strong portfolio performance and income generation. The company declared a base dividend of $0.32 per common share and a supplemental dividend of $0.08 per common share for the second quarter of 2022.

  • Net investment income, net of the preferred dividend, was $24.6 million, or $0.47 per common share.
  • Net realized gain and net change in unrealized appreciation on investments was $5.2 million, or $0.09 per share.
  • Net asset value per common share increased 1.2% to $17.11.
  • The company exited its debt and equity positions in SolAero, with total proceeds exceeding the December 31, 2021 fair value by $9.3 million.

Headline financials

Total Revenue

$47.5M

No prior period
EPS (adj)

$0.44

No prior period
NAV per Common Share

$17.11

No prior period
Weighted Average Yield

7.7%

No prior period
Net Income

$25.5M

No prior period
Operating Income

$25.9M

No prior period
Cash & Equivalents

$69.5M

No prior period
Total Assets

$1.99B

No prior period

Revenue & EPS history

Carlyle · Revenue · Quarterly

$47.5M

Q1 2022
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The Board of Directors declared a base quarterly common dividend of $0.32 plus a supplemental common dividend of $0.08, which are payable on July 15, 2022 to common stockholders of record on June 30, 2022.

Tailwinds

  • Base quarterly common dividend of $0.32 declared.
  • Supplemental common dividend of $0.08 declared.
  • Dividends are payable on July 15, 2022.
  • Common stockholders of record on June 30, 2022 will receive dividends.
  • The company maintains a strong financial position.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.6%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.3%

Avg return

30 days after

47%

9 / 19 earnings

Positive

+6.5%

Q1 2022

Best reaction

-3.7%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%-2.8%-4.8%
Q4 2025-0.5%-2.5%-4.2%
Q3 2025-1.2%-5.1%+2.5%
Q1 2025+0.0%-4.0%-2.4%
Q4 2024+1.9%+0.7%-4.6%
Q3 2024-0.4%-0.1%+5.8%
Q2 2024-3.6%-3.0%+0.6%
Q1 2024-0.3%+1.4%+1.8%
Q4 2023+5.1%+5.0%+5.1%
Q3 2023-0.6%-0.8%+5.9%
Q2 2023-3.3%-3.5%-6.6%
Q1 2023+0.1%-1.3%+8.9%
Q4 2022-3.7%-1.1%-11.0%
Q3 2022+3.4%+6.7%+7.1%
Q2 2022+1.4%+5.5%+1.0%
Q1 2022+6.5%+6.8%+3.2%
Q4 2021+2.3%+2.1%+5.6%
Q3 2021+0.2%+1.0%-2.1%
Q4 2020+4.8%+3.2%+12.6%

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