NASDAQ$CGBD

Carlyle Secured Lending Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Announced second quarter 2023 financial results.

Carlyle Secured Lending, Inc. announced its financial results for the second quarter ended June 30, 2023. The portfolio continued to generate attractive income and remained stable. The company focused on leveraging Carlyle relationships for unique deal flow and working with existing borrowers.

  • Net investment income for the second quarter of 2023 was $0.52 per common share.
  • Net asset value per common share decreased by 2.1% for the second quarter to $16.73.
  • Total fair value of investments was $1.9 billion as of June 30, 2023.
  • A base quarterly common dividend of $0.37 plus a supplemental common dividend of $0.07 were declared.

Headline financials

Total Revenue

-$588K

Previous: $44.6M-101.3%
EPS (adj)

$0.52

Previous: $0.40+30.0%
Free Cash Flow

$4.71M

No prior period
Net Income

$4.71M

Previous: $4.67M+1.0%
Operating Income

-$14.8M

No prior period
Gross Profit

-$588K

No prior period
Cash & Equivalents

$54.2M

Previous: $39.3M+37.8%
Total Assets

$1.98B

No prior period

Revenue & EPS history

Carlyle · Revenue · Quarterly

-$588K

Q2 2023-101.3%vs Q2 2022
Beat estimate in 3 of 12 quarters(25%)
ActualEstimate

Forward guidance

The company focused on leveraging Carlyle relationships for unique deal flow and working with existing borrowers to address their needs, while improving pricing and documentation. This backdrop allows them to be highly selective and committed to disciplined credit underwriting, while capturing attractive terms and pricing.

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 Q2 2023

Historical avgQ2 2023

+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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