NASDAQ$CGBD

Carlyle Secured Lending Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

TCG BDC reported strong financial results for Q4 2021, demonstrating sustained income delivery and positive NAV growth.

TCG BDC announced its Q4 2021 financial results, highlighting strong performance across the board. The company's net investment income was $0.40 per share, and the net asset value per common share increased to $16.91. The Board of Directors declared a base quarterly dividend of $0.32 plus a supplemental dividend of $0.08 per common share.

  • Net investment income, net of the preferred dividend, was $0.40 per common share.
  • Net asset value per common share increased 1.6% to $16.91.
  • Repurchased 0.6 million shares of common stock at an average cost of $13.88 per share.
  • Declared a base quarterly common dividend of $0.32 plus a supplemental common dividend of $0.08.

Headline financials

Total Revenue

$44M

Previous: $43.5M+1.1%
EPS (adj)

$0.40

Previous: $0.38+5.3%
Weighted Average Yield

7.7%

No prior period
Net Income

$22.4M

Previous: $21.9M+2.5%
Cash & Equivalents

$93.1M

Previous: $68.4M+36.0%
Total Assets

$2.03B

Previous: $1.92B+5.7%

Revenue & EPS history

Carlyle · Revenue · Quarterly

$44M

Q4 2021+1.1%vs Q4 2020
Beat estimate in 7 of 15 quarters(47%)
ActualEstimate

Forward guidance

While the macroeconomic environment is getting more complex, the company is confident in its positioning and expects another solid year of performance in 2022.

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 2021

Historical avgQ4 2021

+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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