NASDAQ$CSWC

Capital Southwest Corporation · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

CSWC reported pre-tax net investment income of $0.50 per share and announced an increase in quarterly dividend to $0.50 per share.

Capital Southwest Corporation announced its financial results for the first fiscal quarter ended June 30, 2022. The company reported a total investment portfolio of $1.0 billion, pre-tax net investment income of $12.6 million, or $0.50 per weighted average diluted share. The Board of Directors has declared an increase in the regular quarterly dividend to $0.50 per share for the September quarter end.

  • Total Investment Portfolio: $1.0 billion.
  • Pre-Tax Net Investment Income: $12.6 million, or $0.50 per weighted average diluted share.
  • Dividends: Paid $0.48 per share Regular Dividend and $0.15 per share Special Dividend, totaling $0.63 per share.
  • Net Realized and Unrealized Depreciation on Investments: $9.9 million.

Headline financials

Total Revenue

$22.5M

Previous: $18.6M+21.3%
EPS (adj)

$0.49

Previous: $0.43+14.0%
Weighted avg yield on debt

9.3%

Previous: 10.0%-7.0%
NAV per share

$16.54

Previous: $16.58-0.2%
Capital Expenditures

$156K

No prior period
Free Cash Flow

-$70M

No prior period
Net Income

$12.4M

Previous: $9.04M+37.5%
Operating Income

$12.6M

Previous: $9.44M+33.8%
Cash & Equivalents

$18.8M

Previous: $16.5M+13.5%
Total Assets

$1.05B

Previous: $836M+26.1%
Stock-Based Comp

$821K

No prior period

Revenue & EPS history

Capital Southwest · Revenue · Quarterly

$22.5M

Q1 2023+21.3%vs Q1 2022
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Revenue by segment

Capital Southwest · $18.3M total across 2 segments · Q1 2023

  • Non-control/Non-affiliate Investments
    $15.7M
  • Affiliate Investments
    $2.51M

Forward guidance

Based on the strength of our balance sheet, liquidity position, leverage profile, and overall health of the portfolio, we feel confident in our ability to continue to grow earnings and distributions to our shareholders.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.7%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+1.6%

Avg return

30 days after

62%

26 / 42 earnings

Positive

+9.7%

Q2 2021

Best reaction

-13.0%

Q1 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+2.4%-1.5%+0.3%
Q3 2026+0.5%+0.2%-3.0%
Q2 2026-2.3%+1.7%+7.0%
Q4 2025-0.2%+2.5%-1.4%
Q3 2025+2.2%+3.1%+0.8%
Q2 2025-4.5%-6.4%-8.9%
Q1 2025-0.7%-2.5%+2.5%
Q4 2024-1.3%-2.0%-2.3%
Q3 2024+2.7%-2.0%-4.8%
Q2 2024+4.0%+3.8%+7.2%
Q1 2024+4.3%+2.0%+1.3%
Q4 2023+1.1%+1.6%+6.1%
Q3 2023+3.6%+2.6%-2.4%
Q2 2023+3.5%+3.5%-2.7%
Q1 2023+0.6%+1.4%-2.4%
Q4 2022+3.2%+5.5%-15.0%
Q3 2022+7.6%+6.3%+0.5%
Q2 2022-8.1%-2.6%-6.0%
Q1 2022+6.9%+5.9%+8.9%
Q4 2021+3.0%+5.2%-2.5%
Q3 2021+3.5%+8.5%+22.0%
Q2 2021+9.7%+17.9%+33.8%
Q1 2021+5.7%+9.5%+10.3%
Q4 2020+3.6%+9.2%-3.1%
Q3 2020-1.1%-2.0%-9.8%
Q2 2020-4.2%-5.0%-0.3%
Q1 2020+0.5%+4.0%+1.7%
Q4 2019-0.2%+0.4%-3.1%
Q3 2019+1.6%+0.5%+0.9%
Q1 2019+0.3%+1.8%+5.4%
Q4 2018+0.0%+10.9%+8.1%
Q3 2018+0.1%+0.7%+7.5%
Q1 2017+0.9%-0.3%+0.2%
Q4 2017+1.7%+2.3%+1.4%
Q3 2016-0.7%-2.5%-1.1%
Q3 2013
Q2 2013+2.9%
Q1 2013
Q4 2012+0.6%
Q3 2012-0.2%
Q2 2012-3.0%
Q1 2012-13.0%
Q4 2011-1.0%
Q4 2010-5.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro