NASDAQ$SLRC

SLR Investment Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported net investment income of $0.44 per share, declared quarterly distribution of $0.41 per share, maintained stable NAV, and showed strong portfolio credit quality.

SLR Investment Corp. reported a net investment income of $0.44 per share for Q4 2023. The company's net asset value (NAV) was $18.09 per share as of December 31, 2023. Comprehensive Portfolio originations of $449.8 million and repayments of $462.1 million across the Company’s four investment strategies.

  • Net investment income was $0.44 per share for the fourth quarter of 2023.
  • Net asset value (NAV) was $18.09 per share as of December 31, 2023, compared to $18.06 as of September 30, 2023.
  • A quarterly distribution of $0.41 per share was distributed to shareholders on December 28, 2023.
  • Originations in 2023 represented a record high.

Headline financials

Total Revenue

$59.8M

Previous: $54.2M+10.4%
EPS (adj)

$0.44

Previous: $0.41+7.3%
Net Debt-to-Equity

1.19

Previous: 1.08+10.2%
NAV per Share

$18.09

No prior period
Total Net Assets

$987M

No prior period
Capital Expenditures

$0.00

No prior period
Net Income

$23.6M

Previous: $19M+24.2%

Revenue & EPS history

SLR · Revenue · Quarterly

$59.8M

Q4 2023+10.4%vs Q4 2022
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

The forward-looking statements relate to future events, future performance or financial condition. The forward-looking statements may include statements as to: an increase in the size of SLRC’s income producing comprehensive portfolio; an increase in the size of SSLP’s investment portfolio; the expected dividend yield payable to SLRC from SSLP; the 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; and the quality of, and the impact on the performance of SLRC from the investments that SLRC has made and expects to make.

Tailwinds

  • Increase in the size of SLRC’s income producing comprehensive portfolio
  • Increase in the size of SSLP’s investment portfolio
  • Expected dividend yield payable to SLRC from SSLP
  • 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 rising 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 Q4 2023

Historical avgQ4 2023

+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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