NASDAQ$SLRC

SLR Investment Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported net investment income of $0.41 per share for Q4 2022.

SLR Investment Corp. reported a net investment income of $22.5 million, or $0.41 per share, for the fourth quarter of 2022. The company's net asset value (NAV) was $18.33 per share as of December 31, 2022. The company had record originations of $1.3 billion of investments in 2022.

  • Net investment income was $0.41 per share for Q4 2022.
  • Distributions of $0.41 per share were declared for Q1 2023.
  • Net asset value (NAV) was $18.33 per share at December 31, 2022.
  • Comprehensive Investment Portfolio fair value was $2.9 billion.

Headline financials

Total Revenue

$54.2M

Previous: $35.7M+51.6%
EPS (adj)

$0.41

Previous: $0.35+17.1%
Net Debt-to-Equity

1.08

No prior period
Net Income

$19M

Previous: $59.6M-68.1%
Cash & Equivalents

$1B

Previous: $323M+209.6%
Total Assets

$2.54B

Previous: $2.01B+26.2%

Revenue & EPS history

SLR · Revenue · Quarterly

$54.2M

Q4 2022+51.6%vs Q4 2021
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

SLR Investment Corp. is confident in the performance of its investments and expects additional portfolio growth in what it believes will be an attractive vintage for all its business segments.

Tailwinds

  • Improved pricing for middle market loans with wider spreads.
  • Higher yields than seen in a number of years.
  • Better structures for middle market loans.
  • Confidence in the performance of investments within each asset class.
  • Prospects for additional portfolio growth in attractive vintage for all business segments.

Headwinds

  • Continuing market uncertainties and volatility.
  • Potential economic downturn.
  • Impacts of inflation and rising interest rates.
  • Risks associated with possible disruption in operations due to geopolitical conflicts.
  • Future changes in laws or regulations.

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

Historical avgQ4 2022

+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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