NASDAQ$CGBD

Carlyle Secured Lending Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Announced third quarter 2023 financial results.

Carlyle Secured Lending, Inc. reported solid income generation and an increase in NAV for the third quarter of 2023, despite broader market volatility. Net investment income was $0.52 per common share, and net asset value per common share increased by 0.8% to $16.86.

  • Disciplined and intentional approach to credit underwriting and portfolio management produced another quarter of solid income generation.
  • Net asset value per common share increased by 0.8% for the third quarter to $16.86.
  • The total fair value of investments was $1.9 billion as of September 30, 2023.
  • Maintained conservative approach to risk management, continuing to run a well-diversified portfolio at the low-end of target leverage range.

Headline financials

Total Revenue

-$899K

Previous: -$1.09M+17.3%
EPS (adj)

$0.52

Previous: $0.44+18.2%
Free Cash Flow

$30M

Previous: $37.8M-20.7%
Net Income

$30M

Previous: $37.8M-20.7%
Operating Income

-$15.1M

Previous: -$16.5M+8.5%
Gross Profit

-$899K

Previous: -$1.09M+17.3%
Cash & Equivalents

$55.2M

Previous: $68.6M-19.6%
Total Assets

$1.96B

Previous: $1.9B+3.0%

Revenue & EPS history

Carlyle · Revenue · Quarterly

-$899K

Q3 2023-17.3%vs Q3 2022
Beat estimate in 3 of 12 quarters(25%)
ActualEstimate

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 Q3 2023

Historical avgQ3 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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