NASDAQ$GBDC

Golub Capital BDC Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Announced fiscal year 2023 first quarter financial results and declared second quarter distribution of $0.33 per share.

Golub Capital BDC, Inc. reported net investment income per share of $0.36 and earnings per share of $0.15 for the quarter ended December 31, 2022. Net asset value per share decreased to $14.71. The company paid a quarterly distribution of $0.33 per share.

  • Net investment income per share was $0.36, while adjusted net investment income before accrual for capital gain incentive fee was $0.37.
  • Net realized and unrealized loss per share was $0.21, and adjusted net realized and unrealized loss per share was $0.22.
  • Earnings per share was $0.15, with adjusted earnings per share also at $0.15.
  • Net asset value per share decreased to $14.71 from $14.89 as of September 30, 2022.

Headline financials

Total Revenue

$67.1M

Previous: $86.6M-22.5%
EPS (adj)

$0.37

Previous: $0.31+19.4%
NAV per Share

$14.71

Previous: $15.26-3.6%
Free Cash Flow

$25.6M

No prior period
Net Income

$25.6M

Previous: $63.1M-59.4%
Operating Income

$29.5M

Previous: $44.8M-34.0%
Gross Profit

$67.1M

No prior period
Cash & Equivalents

$96.4M

Previous: $180M-46.5%
Total Assets

$5.67B

Previous: $5.48B+3.4%

Revenue & EPS history

Golub Capital BDC · Revenue · Quarterly

$67.1M

Q1 2023-22.5%vs Q1 2022
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Revenue by segment

Golub Capital BDC · $5.45B total across 4 segments · Q1 2023

  • One Stop
    $4.66B+10.0%
  • Senior Secured
    $492M-20.7%
  • Equity
    $274M+11.1%
  • Junior Debt
    $28.1M-36.5%

Forward guidance

No specific forward guidance was provided in the document.

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

-0.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-2.2%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+2.9%

Q4 2022

Best reaction

-3.8%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-2.0%-3.8%-3.7%
Q1 2026+1.5%-1.3%-5.2%
Q4 2026-0.1%+2.1%-0.7%
Q2 2025+0.6%+2.3%+6.4%
Q1 2025-2.3%+0.1%-4.1%
Q4 2024-1.9%-1.4%-4.1%
Q3 2024-0.8%-2.2%+1.2%
Q2 2024-0.4%-0.9%-4.6%
Q1 2024-1.0%+0.5%+3.3%
Q4 2023+2.0%+1.9%+0.5%
Q3 2023+2.4%+5.2%+0.9%
Q2 2023-1.0%-1.7%+0.8%
Q1 2023-3.8%-2.1%-10.6%
Q4 2022+2.9%+6.0%-2.8%
Q3 2022-1.2%-0.1%-5.2%
Q2 2022-0.1%-4.5%-9.3%
Q1 2022+0.8%-0.6%-7.0%
Q4 2021+1.1%+2.4%+2.8%
Q4 2020+1.3%-0.6%-1.3%

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