NASDAQ$CGBD

Carlyle Secured Lending Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Announced financial results for the first quarter ended March 31, 2024.

Carlyle Secured Lending, Inc. reported its financial results for the first quarter ended March 31, 2024. The portfolio delivered steady income and a stable NAV. Net investment income for the first quarter of 2024 was $0.54 per common share, and net asset value per common share increased by 0.5% for the first quarter to $17.07.

  • Portfolio delivered steady income and a stable NAV during the first quarter of 2024.
  • Net investment income for the first quarter of 2024 was $0.54 per common share.
  • Net asset value per common share increased by 0.5% for the first quarter to $17.07.
  • Total fair value of investments was $1.8 billion as of March 31, 2024.

Headline financials

Total Revenue

-$515K

Previous: -$291K-77.0%
EPS

$0.52

Previous: $0.50+4.0%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$29.3M

Previous: $28M+4.6%
Net Income

$29.3M

Previous: $28M+4.6%
Operating Income

-$15.2M

Previous: -$14.2M-7.5%
Gross Profit

-$515K

Previous: -$291K-77.0%
Total Assets

$1.9B

Previous: $2.06B-7.8%

Revenue & EPS history

Carlyle · Revenue · Quarterly

-$515K

Q1 2024+77%vs Q1 2023
Beat estimate in 3 of 12 quarters(25%)
ActualEstimate

Forward guidance

The company remains focused on its core middle market strategy and benefits from the differentiation provided by access to the OneCarlyle platform, while maintaining its ability to be dynamic in response to the market. Discipline and consistency drove performance in the first quarter, and the company expects these tenets to drive performance in future quarters.

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 2024

Historical avgQ1 2024

+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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