NASDAQ$CSWC

Capital Southwest Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and fiscal year ended March 31, 2022, with pre-tax net investment income reported at $0.50 per share.

Capital Southwest Corporation reported its financial results for the fourth quarter and fiscal year ended March 31, 2022. The company reported a pre-tax net investment income of $0.50 per share for the quarter. The total investment portfolio reached $936.6 million, with a credit portfolio of $793.8 million, 93% of which is 1st Lien Senior Secured Debt. NAV per share increased to $16.86.

  • Total Investment Portfolio: $936.6 million.
  • Pre-Tax Net Investment Income: $12.0 million, or $0.50 per weighted average diluted share.
  • Net Realized and Unrealized Appreciation on Investments: $7.7 million.
  • Net Asset Value (NAV) per Share: $16.86, a 4.1% increase from the prior quarter.

Headline financials

Total Revenue

$21M

Previous: $17.2M+22.5%
EPS (adj)

$0.50

Previous: $0.39+28.2%
Weighted avg yield on debt

9.3%

Previous: 10.8%-13.9%
Capital Expenditures

$2M

No prior period
Free Cash Flow

-$45.6M

Previous: -$68.3M+33.2%
Net Income

$42.7M

Previous: $31.7M+34.8%
Operating Income

$43.3M

Previous: $34.1M+26.9%
Cash & Equivalents

$11.4M

Previous: $31.6M-63.9%
Total Assets

$974M

Previous: $736M+32.4%
Stock-Based Comp

$737K

Previous: $2.94M-75.0%

Revenue & EPS history

Capital Southwest · Revenue · Quarterly

$21M

Q4 2022+22.5%vs Q4 2021
Beat estimate in 8 of 16 quarters(50%)
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

The press release may contain statements that constitute forward-looking, which relate to future events or Capital Southwest’s future performance or financial condition, including statements relating to Capital Southwest's investment portfolio and balance sheet capitalization being well positioned for any economic environment moving forward.

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 Q4 2022

Historical avgQ4 2022

+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%

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