NASDAQ$GBDC

Golub Capital BDC Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Announced fiscal year 2024 second quarter financial results with third consecutive quarter of highest-ever adjusted net investment income.

Golub Capital BDC, Inc. reported net investment income per share of $0.51 and earnings per share of $0.55 for the quarter ended March 31, 2024. The company's net asset value per share increased to $15.12. They also declared a supplemental distribution of $0.06 per share in addition to the previously declared $0.39 per share quarterly distribution.

  • Net investment income per share was $0.51 for the quarter ended March 31, 2024, compared to $0.49 for the quarter ended December 31, 2023.
  • Earnings per share for the quarter ended March 31, 2024 was $0.55, as compared to $0.45 for the quarter ended December 31, 2023.
  • Net asset value per share increased to $15.12 at March 31, 2024 from $15.03 at December 31, 2023.
  • A supplemental distribution of $0.06 per share was declared, payable on June 14, 2024, to stockholders of record as of May 16, 2024, in addition to a quarterly distribution of $0.39 per share.

Headline financials

Total Revenue

$69.7M

Previous: $69.7M+0.1%
EPS

$0.55

Previous: $0.42+31.0%
NAV per Share

$15.12

Previous: $14.73+2.6%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$93.6M

Previous: $58.5M+59.9%
Net Income

$93.6M

Previous: $58.5M+59.9%
Operating Income

$53.5M

Previous: $30.7M+74.2%
Gross Profit

$69.7M

Previous: $69.7M+0.1%
Cash & Equivalents

$293M

Previous: $76.8M+281.5%
Total Assets

$5.94B

Previous: $5.67B+4.8%

Revenue & EPS history

Golub Capital BDC · Revenue · Quarterly

$69.7M

Q2 2024+0.1%vs Q2 2023
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Revenue by segment

Golub Capital BDC · $5.52B total across 4 segments · Q4 2023

  • One Stop
    $4.68B+0.2%
  • Senior Secured
    $504M+6.6%
  • Equity
    $297M+7.1%
  • Junior Debt
    $37.1M+37.1%

Forward guidance

The company anticipates closing the proposed merger with GBDC 3 shortly after the special meetings, subject to stockholder approvals and other customary closing conditions.

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 2024

Historical avgQ2 2024

-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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