NASDAQ$GBDC
Golub Capital BDC Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Golub Capital BDC reported an increase in net asset value and earnings per share, driven by strong earnings growth and solid net originations.
Golub Capital BDC reported strong earnings driven by portfolio company performance and solid net originations. Earnings growth across middle market private companies in Golub Capital portfolios was strong at 9.4% as compared to calendar Q1 2021. Net asset value per share increased from $15.26 to $15.35.
- GBDC portfolio companies generally continued to perform well with stable internal performance ratings, low non-accruals, and solid net realized and unrealized gains.
- Solid net originations supported a modest increase in GBDC's leverage within the target range of 0.85x-1.25x.
- Earnings growth across middle market private companies in Golub Capital portfolios was strong at 9.4% as compared to calendar Q1 2021, reflecting an economy that continues to grow.
- Middle market deal activity slowed as expected from a historically prolific calendar Q4 2021, while repayments were unusually low.
Headline financials
Revenue & EPS history
Golub Capital BDC · Revenue · Quarterly
$86M
Revenue by segment
Golub Capital BDC · $5.52B total across 4 segments · Q4 2023
- One Stop$4.68B+0.2%84.8%
- Senior Secured$504M+6.6%9.1%
- Equity$297M+7.1%5.4%
- Junior Debt$37.1M+37.1%0.7%
Forward guidance
No specific forward guidance was provided in the report.
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 Q2 2022
-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
| Quarter | Report date | Reaction (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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