NASDAQ$GBDC

Golub Capital BDC Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Announced financial results for the second fiscal quarter ended March 31, 2023 and declared a third quarter distribution of $0.33 per share.

Golub Capital BDC, Inc. reported net investment income per share of $0.41 and earnings per share of $0.34 for the quarter ended March 31, 2023. The net asset value per share increased to $14.73. The company declared a third quarter distribution of $0.33 per share.

  • Net investment income per share was $0.41 for the quarter ended March 31, 2023, compared to $0.36 for the quarter ended December 31, 2022.
  • Adjusted Net Investment Income Before Accrual for Capital Gain Incentive Fee was $0.42 for the quarter ended March 31, 2023.
  • Earnings per share for the quarter ended March 31, 2023 was $0.34, as compared to $0.15 for the quarter ended December 31, 2022.
  • Net asset value per share increased to $14.73 at March 31, 2023 from $14.71 at December 31, 2022.

Headline financials

Total Revenue

$69.7M

Previous: $86M-18.9%
EPS (adj)

$0.42

Previous: $0.39+7.7%
NAV per Share

$14.73

No prior period
Free Cash Flow

$58.5M

No prior period
Net Income

$58.5M

Previous: $66.9M-12.5%
Operating Income

$30.7M

No prior period
Gross Profit

$69.7M

No prior period
Cash & Equivalents

$76.8M

Previous: $174M-56.0%
Total Assets

$5.67B

Previous: $5.62B+0.8%

Revenue & EPS history

Golub Capital BDC · Revenue · Quarterly

$69.7M

Q2 2023-18.9%vs Q2 2022
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Revenue by segment

Golub Capital BDC · $5.49B total across 4 segments · Q2 2023

  • One Stop
    $4.71B
  • Senior Secured
    $481M
  • Equity
    $269M
  • Junior Debt
    $28.6M

Forward guidance

No specific forward guidance was provided in the press release.

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 2023

Historical avgQ2 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%

Discussion

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