NASDAQ$NMFC
New Mountain Finance Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported strong second quarter operating results with net investment income of $0.39 per share and resilient credit performance, maintaining stable book value supported by a high-quality portfolio of loans.
New Mountain Finance Corporation announced strong second quarter results with net investment income of $0.39 per share and a stable net asset value of $13.14. The company declared a third quarter regular distribution of $0.32 per share and a supplemental distribution of $0.04 per share.
- Net investment income was $0.39 per weighted average share.
- Net asset value per share was $13.14, in line with the prior quarter.
- The board declared a third quarter regular distribution of $0.32 per share.
- The board declared a supplemental distribution of $0.04 per share.
Headline financials
Revenue & EPS history
NMFC · Revenue · Quarterly
$42.6M
Revenue by segment
NMFC · $2.94B total across 5 segments · Q2 2023
- First Lien$1.7B-8.3%57.9%
- Second Lien$580M-3.8%19.7%
- Common Equity and Other$380M+1.6%12.9%
- Preferred Equity$195M+10.3%6.6%
- Subordinated$84.7M+51.3%2.9%
Forward guidance
The company declared a regular third quarter 2023 distribution of $0.32 per share and a supplemental distribution related to Q2 earnings of $0.04 per share, each payable on September 29, 2023 to holders of record as of September 15, 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q2 2023
-0.2%
Avg return
Earnings day
-0.2%
Avg return
5 days after
+0.0%
Avg return
30 days after
56%
10 / 18 earnings
Positive
+4.3%
Q1 2025
Best reaction
-4.3%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.6% | -3.7% | -8.8% | |
| Q4 2025 | -4.3% | -4.5% | -8.1% | |
| Q3 2025 | +0.2% | -0.5% | +0.4% | |
| Q1 2025 | +4.3% | +6.7% | +9.4% | |
| Q3 2024 | +0.4% | -5.1% | +4.9% | |
| Q2 2024 | -1.0% | -4.5% | -1.5% | |
| Q1 2024 | +0.0% | -0.4% | -0.8% | |
| Q4 2023 | +1.8% | +0.7% | -0.9% | |
| Q3 2023 | +2.7% | +1.4% | +3.1% | |
| Q2 2023 | +0.5% | +3.1% | +0.9% | |
| Q1 2023 | +0.5% | +2.6% | +7.5% | |
| Q4 2022 | -1.7% | -0.6% | -5.1% | |
| Q3 2022 | -3.0% | +0.3% | +1.0% | |
| Q2 2022 | +0.7% | +2.5% | -0.3% | |
| Q1 2022 | -2.7% | -5.4% | -2.9% | |
| Q4 2021 | +1.0% | +1.6% | +2.4% | |
| Q3 2021 | -1.8% | -0.5% | -3.3% | |
| Q4 2020 | +0.2% | +2.3% | +3.0% |
Discussion
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