NASDAQ$CGBD

Carlyle Secured Lending Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

TCG BDC announced financial results for the fourth quarter ended December 31, 2020.

TCG BDC reported a net increase in net assets resulting from operations of $38.163 million, or $0.66 per share, for the three month period ended December 31, 2020. Net investment income was $21.044 million, or $0.38 per common share.

  • Net investment income for the three month period ended December 31, 2020 was $21.044 million, or $0.38 per common share.
  • Net realized gain and net change in unrealized appreciation on investments and non-investment assets and liabilities for the three month period ended December 31, 2020 was $16.254 million, or $0.28 per share.
  • Net increase in net assets resulting from operations for the three month period ended December 31, 2020 was $38.163 million, or $0.66 per share.
  • On December 8, 2020, the Company issued $75 million in aggregate principal amount of 4.500% Senior Unsecured Notes due December 31, 2024.

Headline financials

Total Revenue

$43.5M

No prior period
EPS (adj)

$0.38

No prior period
Net Income

$21.9M

No prior period
Operating Income

$21.9M

No prior period
Cash & Equivalents

$68.4M

No prior period
Total Assets

$1.92B

No prior period

Revenue & EPS history

Carlyle · Revenue · Quarterly

$43.5M

Q4 2020
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

The Board of Directors declared a regular quarterly dividend of $0.32 plus a supplemental dividend of $0.05, which is payable on April 16, 2021 to stockholders of record on March 31, 2021.

Tailwinds

  • Regular quarterly dividend of $0.32 declared.
  • Supplemental dividend of $0.05 declared.
  • Dividends payable on April 16, 2021.
  • Stockholders of record on March 31, 2021.

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 Q4 2020

Historical avgQ4 2020

+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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