NYSE$TSLX

Sixth Street Specialty Lending Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Reported first quarter results with net investment income of $0.59 per share and net income of $0.53 per share.

Sixth Street Specialty Lending, Inc. reported a net investment income of $0.59 per share and a net income of $0.53 per share for the first quarter ended March 31, 2024. The company's strong net investment income reflects the continued strength of its core earnings power, driven by higher interest rates.

  • Net investment income was $0.59 per share, and net income was $0.53 per share.
  • Adjusted net investment income was $0.58 per share, and adjusted net income was $0.52 per share.
  • NAV per share was $17.17 at March 31, 2024.
  • A second quarter base dividend of $0.46 per share and a first quarter supplemental dividend of $0.06 per share were declared.

Headline financials

Total Revenue

$2.23M

Previous: $4.81M-53.6%
EPS (adj)

$0.58

Previous: $0.55+5.5%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$47.5M

Previous: $53M-10.3%
Net Income

$47.5M

Previous: $53M-10.3%
Operating Income

-$62.7M

Previous: -$48.6M-29.1%
Gross Profit

$2.23M

Previous: $4.81M-53.6%
Cash & Equivalents

$35.9M

Previous: $25.7M+39.4%
Total Assets

$3.45B

Previous: $2.97B+16.1%

Revenue & EPS history

Sixth Street · Revenue · Quarterly

$2.23M

Q1 2024-53.6%vs Q1 2023
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Forward guidance

The company did not provide specific forward guidance in this earnings report.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+0.9%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-0.5%

Avg return

30 days after

68%

13 / 19 earnings

Positive

+4.6%

Q3 2023

Best reaction

-4.4%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.8%-11.3%-11.8%
Q4 2025-4.4%-4.3%-11.5%
Q3 2025-1.4%-6.4%-1.6%
Q1 2025-0.6%-0.9%+11.5%
Q4 2024+2.2%+2.9%-3.0%
Q3 2024+1.0%+1.3%+7.2%
Q2 2024-0.8%-5.0%+1.1%
Q1 2024-3.7%-3.0%+1.5%
Q4 2023+1.9%+1.6%-2.8%
Q3 2023+4.6%+2.9%+6.3%
Q2 2023+4.5%+2.5%+1.4%
Q1 2023+0.4%-2.6%+4.3%
Q4 2022+3.2%+0.3%-9.4%
Q3 2022+0.2%+1.2%+3.2%
Q2 2022-0.5%-0.6%-2.8%
Q1 2022+1.7%-0.2%-3.7%
Q4 2021+1.7%+0.0%-4.0%
Q3 2021+0.3%+1.5%+0.4%
Q4 2020+3.1%-0.1%+3.6%

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