NASDAQ$GBDC

Golub Capital BDC Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Announced fiscal year 2023 third quarter financial results with record adjusted net investment income.

Golub Capital BDC, Inc. reported strong financial results for the third fiscal quarter ended June 30, 2023, with record Adjusted Net Investment Income of $0.44 per share. The company increased its quarterly distribution to $0.37 per share and declared a supplemental distribution of $0.04 per share. Additionally, the base management fee was permanently reduced from 1.375% to 1.0% of assets.

  • Record Adjusted Net Investment Income was achieved.
  • Credit results were strong.
  • The base quarterly distribution increased by more than 12% to $0.37 per share.
  • A supplemental distribution of $0.04 per share was declared as part of a new variable supplemental distribution framework.

Headline financials

Total Revenue

$29.2M

Previous: $95.6M-69.4%
EPS (adj)

$0.44

Previous: $0.31+41.9%
NAV per Share

$14.83

Previous: $15.14-2.0%
Free Cash Flow

$73M

No prior period
Net Income

$73M

Previous: $15.4M+373.7%
Operating Income

$7.87M

Previous: $53.9M-85.4%
Gross Profit

$29.2M

No prior period
Cash & Equivalents

$85.1M

Previous: $81.4M+4.5%
Total Assets

$5.74B

Previous: $5.77B-0.6%

Revenue & EPS history

Golub Capital BDC · Revenue · Quarterly

$29.2M

Q3 2023-69.4%vs Q3 2022
Beat estimate in 3 of 13 quarters(23%)
ActualEstimate

Revenue by segment

Golub Capital BDC · $5.53B total across 4 segments · Q3 2023

  • One Stop
    $4.72B+1035.7%
  • Senior Secured
    $488M+4845.6%
  • Equity
    $284M+1075.7%
  • Junior Debt
    $33.1M

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 Q3 2023

Historical avgQ3 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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