NYSE$BBDC

Barings Bdc Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported financial and operating results for the second quarter of 2024.

Barings BDC reported strong, stable results with net investment income meaningfully higher than the dividend and industry-leading non-accrual rates. The company made progress reducing non-core positions, providing capital for first lien, middle market loans.

  • Net investment income was $42.1 million, or $0.40 per share.
  • Net increase in net assets resulting from operations was $19.4 million, or $0.18 per share.
  • NAV per share as of June 30, 2024 was $11.36, compared to $11.44 as of March 31, 2024.
  • The company made nine new investments totaling $38.5 million and invested $40.0 million in existing portfolio companies.

Headline financials

Total Revenue

-$15.3M

Previous: $2.53M-705.0%
EPS

$0.40

Previous: $0.31+29.0%
Debt-to-Equity Ratio

1.14

Previous: 1.24-8.1%
Free Cash Flow

$63.4M

Previous: $79.8M-20.5%
Net Income

$63.4M

Previous: $79.8M-20.5%
Operating Income

-$27.8M

Previous: -$18.8M-47.3%
Gross Profit

-$15.7M

Previous: $2.33M-774.2%
Total Assets

$2.6B

Previous: $2.73B-4.6%

Revenue & EPS history

Barings BDC · Revenue · Quarterly

-$15.3M

Q2 2024-705%vs Q2 2023
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Revenue by segment

Barings BDC · $32.1M total across 3 segments · Q1 2022

  • Non-Control / Non-Affiliate
    $31.6M
  • Control Investments
    $273K
  • Affiliate Investments
    $172K

Forward guidance

Company has scheduled a conference call to discuss second quarter 2024 financial and operating results for Thursday, August 8, 2024, at 9:00 a.m. ET.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+1.3%

Avg return

Earnings day

+0.9%

Avg return

5 days after

-1.2%

Avg return

30 days after

71%

15 / 21 earnings

Positive

+6.0%

Q2 2024

Best reaction

-3.9%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-3.2%-6.2%
Q4 2025+0.9%-2.3%-10.5%
Q3 2025-0.7%-1.5%-2.1%
Q1 2025+1.0%+3.1%+3.3%
Q4 2024+2.7%-3.0%-8.7%
Q3 2024+3.1%+2.7%+2.7%
Q2 2024+6.0%+3.7%+3.5%
Q1 2024-1.9%+0.9%+2.2%
Q4 2023+5.8%+8.6%-0.8%
Q3 2023-3.9%-3.8%-6.2%
Q2 2023+5.8%+7.1%+5.1%
Q1 2023-2.4%-3.2%+7.1%
Q4 2022+0.3%+0.7%-9.9%
Q3 2022+2.9%+1.1%-3.1%
Q2 2022+2.1%+2.7%-5.0%
Q1 2022+1.5%+0.4%+1.1%
Q4 2021+0.6%+0.8%-3.3%
Q3 2021+0.7%+0.0%-4.6%
Q2 2021+2.7%+2.9%+3.5%
Q1 2021+1.3%+0.4%+3.2%
Q4 2020-0.2%+0.9%+3.8%

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