NASDAQ$NMFC
New Mountain Finance Corporation · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported adjusted net investment income and declared a first quarter distribution and supplemental dividend program.
New Mountain Finance Corporation reported a strong Q4 with adjusted net investment income of $0.35 per share and a NAV per share of $13.02. The company declared a first quarter distribution of $0.32 per share and announced a supplemental dividend program.
- Adjusted net investment income was $0.35 per share.
- NAV per share was $13.02, compared to $13.20 on September 30, 2022.
- Declared a first quarter distribution of $0.32 per share.
- Introduced a supplemental dividend program to return capital to shareholders.
Headline financials
Revenue & EPS history
NMFC · Revenue · Quarterly
$73.9M
Revenue by segment
NMFC · $2.88B total across 5 segments · Q3 2023
- First Lien$1.69B-4.4%58.8%
- Second Lien$546M-7.9%19.0%
- Common Equity and Other$356M-8.7%12.4%
- Preferred Equity$196M+12.3%6.8%
- Subordinated$86.2M+16.9%3.0%
Forward guidance
New Mountain expects to declare a variable quarterly supplemental dividend in an amount to be determined each quarter. For quarters that adjusted net investment income per share exceeds the base dividend, New Mountain will pay supplemental dividends per share equal to one half of the earnings in excess of the dividend.
Tailwinds
- Consistent operating performance
- Enhanced strength from differentiated underwriting model
- Rising interest rate environment
- Net investment income per share exceeding quarterly dividend
- Supplemental dividend program to return capital to shareholders
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 Q4 2022
-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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