NYSE$TSLX

Sixth Street Specialty Lending Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported net investment income and net income for the third quarter, driven by strong portfolio yields and effective interest rate management.

Sixth Street Specialty Lending reported a strong third quarter with net investment income of $0.57 per share and net income of $0.74 per share. Adjusted net investment income was $0.60 per share and adjusted net income was $0.77 per share. The company's NAV per share increased to $16.97, driven by overearning of the base dividend and net unrealized and realized gains from investments.

  • Net investment income per share was $0.57, and net income per share was $0.74.
  • Adjusted net investment income per share was $0.60, and adjusted net income per share was $0.77.
  • NAV per share increased to $16.97.
  • The company declared a fourth quarter base dividend of $0.46 per share and a third quarter supplemental dividend of $0.07 per share.

Headline financials

Total Revenue

$14M

Previous: $16.7M-16.0%
EPS (adj)

$0.60

Previous: $0.47+27.7%
Debt-to-Equity Ratio

1.15

No prior period
Free Cash Flow

$64.8M

Previous: $61.8M+4.9%
Net Income

$64.8M

Previous: $61.8M+4.9%
Operating Income

-$50.2M

Previous: -$23.8M-111.0%
Gross Profit

$14M

Previous: $16.7M-16.0%
Cash & Equivalents

$29.9M

Previous: $30.3M-1.3%
Total Assets

$3.17B

Previous: $2.86B+11.0%

Revenue & EPS history

Sixth Street · Revenue · Quarterly

$14M

Q3 2023-16%vs Q3 2022
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the document.

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 Q3 2023

Historical avgQ3 2023

+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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