NASDAQ$OCSL
Oaktree Specialty Lending Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported financial results for the first fiscal quarter of 2024.
Oaktree Specialty Lending Corporation announced its financial results for the first fiscal quarter ended December 31, 2023, featuring strong origination activity and adjusted net investment income that supports the cash distribution. However, the company experienced idiosyncratic performance challenges at four portfolio investments, resulting in a decline in NAV and an increase in non-accruals.
- Total investment income was $98.0 million ($1.26 per share) for the first fiscal quarter of 2024.
- GAAP net investment income was $44.2 million ($0.57 per share) for the first fiscal quarter of 2024.
- Originated $370.3 million of new investment commitments and received $213.5 million of proceeds from prepayments, exits, other paydowns and sales during the quarter ended December 31, 2023.
- A quarterly cash distribution was declared of $0.55 per share, payable on March 29, 2024.
Headline financials
Revenue & EPS history
Oaktree · Revenue · Quarterly
-$1.25M
Revenue by segment
Oaktree · $60.3M total across 3 segments · Q1 2022
- Interest income$55.5M—92.0%
- Dividend income$3.92M—6.5%
- Fee income$912K—1.5%
Forward guidance
The Company believes its liquidity and capital resources are sufficient to invest in market opportunities as they arise.
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 Q1 2024
-1.4%
Avg return
Earnings day
-2.0%
Avg return
5 days after
-2.6%
Avg return
30 days after
33%
6 / 18 earnings
Positive
+7.3%
Q4 2022
Best reaction
-8.4%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +0.4% | -5.8% | -5.3% | |
| Q1 2026 | +3.0% | +2.0% | -5.6% | |
| Q4 2025 | +0.0% | +1.1% | -3.8% | |
| Q2 2025 | -7.8% | -6.7% | +1.6% | |
| Q1 2025 | -2.8% | -2.9% | +0.2% | |
| Q4 2024 | -2.9% | -1.9% | -6.0% | |
| Q3 2024 | -8.4% | -10.6% | -5.0% | |
| Q2 2024 | -1.9% | -2.9% | -1.9% | |
| Q1 2024 | -6.9% | -7.2% | -7.1% | |
| Q4 2023 | +0.5% | +0.4% | +1.4% | |
| Q3 2023 | -1.7% | -0.8% | -1.4% | |
| Q2 2023 | -2.4% | -0.7% | +1.3% | |
| Q1 2023 | -1.6% | -1.7% | -4.4% | |
| Q4 2022 | +7.3% | +7.9% | +2.4% | |
| Q3 2022 | -0.8% | -1.1% | -4.3% | |
| Q2 2022 | -1.5% | -4.5% | -5.4% | |
| Q1 2022 | +1.1% | +0.0% | -2.4% | |
| Q4 2021 | +1.3% | -0.8% | -1.3% |
Discussion
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