NASDAQ$SLRC

SLR Investment Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported a quarter of stability with ample dividend coverage and growth in the comprehensive investment portfolio.

SLR Investment Corp. reported net investment income of $0.45 per share for the third quarter of 2024. The company's NAV remained stable at $18.20 per share. The board declared a quarterly distribution of $0.41 per share.

  • Net investment income was $0.45 per share.
  • A quarterly distribution of $0.41 per share was declared.
  • Net asset value was $18.20 per share, unchanged from the prior quarter.
  • Comprehensive investment portfolio fair value was $3.2 billion.

Headline financials

Total Revenue

$21.6M

Previous: -$7.59M+384.5%
EPS

$0.40

Previous: $0.43-7.0%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$22M

Previous: $26.9M-18.2%
Net Income

$22M

Previous: $26.9M-18.2%
Operating Income

$11.1M

Previous: -$18.4M+160.5%
Gross Profit

$21.6M

Previous: -$7.59M+384.5%
Cash & Equivalents

$346M

Previous: $343M+0.8%
Total Assets

$2.44B

Previous: $2.54B-3.8%

Revenue & EPS history

SLR · Revenue · Quarterly

$21.6M

Q3 2024-384.5%vs Q3 2023
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

The forward-looking statements relate to future events, future performance or financial condition.

Tailwinds

  • Expected stability of the Company’s earnings and distributions to shareholders
  • Company’s access to deal flow and attractive investment opportunities
  • Company’s ability to opportunistically access the investment grade debt market
  • Market environment and its impact on the business prospects of SLRC and the prospects of SLRC’s portfolio companies
  • Prospects for additional portfolio growth of SLRC

Headwinds

  • Changes in the economy, financial markets and political environment, including the impacts of inflation and changing interest rates
  • Risks associated with possible disruption in the operations of SLRC or the economy generally due to terrorism, war or other geopolitical conflicts, natural disasters, or pandemics
  • Future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities)
  • Conditions in SLRC’s operating areas, particularly with respect to business development companies or regulated investment companies
  • Other considerations that may be disclosed from time to time in SLRC’s publicly disseminated documents and filings

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 Q3 2024

Historical avgQ3 2024

+0.8%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.2%

Avg return

30 days after

56%

10 / 18 earnings

Positive

+5.2%

Q3 2024

Best reaction

-2.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+3.5%+0.6%-5.1%
Q1 2025-0.5%+3.9%+8.6%
Q4 2024-1.7%+0.5%-1.9%
Q3 2024+5.2%+6.5%+10.6%
Q2 2024+3.3%+2.0%+5.5%
Q1 2024+2.8%+3.1%+7.3%
Q4 2023+0.6%+1.7%+3.9%
Q3 2023+0.0%-0.4%+3.8%
Q2 2023+0.8%-0.7%-2.3%
Q1 2023-1.2%-2.2%+2.7%
Q4 2022+2.6%+4.8%+0.5%
Q3 2022-1.5%+1.6%+10.3%
Q2 2022+2.2%+3.4%+3.2%
Q1 2022+2.1%-0.6%-1.8%
Q4 2021-2.3%+1.7%+0.2%
Q3 2021-1.2%+1.2%-1.0%
Q2 2021-0.6%+0.8%-0.4%
Q4 2020+0.7%+1.6%-4.5%

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