NYSE$TSLX

Sixth Street Specialty Lending Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported full year and fourth quarter earnings results.

Sixth Street Specialty Lending, Inc. reported net investment income of $0.62 per share and net income of $0.58 per share for the quarter ended December 31, 2023. The company's net investment income in the fourth quarter was largely driven by a robust level of interest income from the strength of the core earnings power of the portfolio.

  • Net investment income per share was $0.62.
  • Net income per share was $0.58.
  • NAV per share was $17.04 at December 31, 2023.
  • The Board declared a first quarter 2024 base dividend of $0.46 per share and a fourth quarter supplemental dividend of $0.08 per share.

Headline financials

Total Revenue

$112M

Previous: $100M+11.6%
EPS (adj)

$0.62

Previous: $0.64-3.1%
Capital Expenditures

$0.00

No prior period
Net Income

$51.2M

Previous: $46.3M+10.6%
Operating Income

$199M

No prior period

Revenue & EPS history

Sixth Street · Revenue · Quarterly

$112M

Q4 2023+11.6%vs Q4 2022
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Forward guidance

The Company announced that its Board of Directors has declared a first quarter 2024 base dividend of $0.46 per share to shareholders of record as of March 15, 2024 and payable on March 28, 2024. The Board also announced a fourth quarter supplemental dividend of $0.08 per share to shareholders of record as of February 29, 2024, payable on March 20, 2024.

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 Q4 2023

Historical avgQ4 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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