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TCG BDC Inc (CGBD)
NASDAQ:CGBD
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.54Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 25, 2025
|% Change Since: 0.68%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong credit performance, strategic mergers, and portfolio growth while facing minor challenges in NAV decline and specific non-accruals. The strategic steps taken appear to position the company well for future growth.Company Guidance
During the fourth quarter of 2024, Carlyle Secured Lending, Inc. reported a net investment income of $0.47 per share, reflecting an annualized yield of over 11% based on the December 31 net asset value (NAV) of $16.80 per share, slightly down from $16.85 at the end of the previous quarter. The company declared a total dividend of $0.45 per share, which includes a base dividend of $0.40 and a supplemental dividend of $0.05. The portfolio saw significant growth, increasing by about $100 million, with a close rate of approximately 5% on new deals, and 94% of 2024 originations in first lien investments. Carlyle also announced a strategic merger with Carlyle Secured Lending 3, anticipated to close by March 31, 2025, aiming to enhance scale, liquidity, and reduce costs. The company's portfolio consisted of 189 investments across 135 companies, with 93% in senior secured loans, and a median EBITDA of $88 million. For the fourth quarter, total investment income was $56 million, and total expenses remained flat at $31 million. Carlyle secured investment-grade ratings from Fitch and Moody’s, issuing a $300 million institutional bond with a 6.75% fixed rate, and maintained a statutory leverage of about 1.2 times.Stable Credit Performance and High Yield
Carlyle Secured Lending, Inc. generated net investment income of $0.47 per share, representing an annualized yield of over 11% based on the December 31 NAV. The board declared a total fourth quarter dividend of $0.45 per share.
Record Deployment and Portfolio Growth
Achieved record highs for deployment in both the fourth quarter and the full year of 2024, growing its portfolio by about $100 million in the quarter.
Strategic Affiliate Merger
Proposed a merger with Carlyle Secured Lending 3, expected to deliver increased scale and liquidity, eliminate preferred stock dilution, and reduce costs.
Investment Grade Ratings
Obtained investment grade ratings from both Fitch and Moody's, allowing for the issuance of the first-ever institutional bond deal.
Portfolio Diversification
As of December 31, the portfolio comprised 189 investments across more than 25 industries, with 93% in senior secured loans.
Joint Venture Optimization
Consolidated MMCF 2 onto the balance sheet and extended MMCF 1's investment period, enhancing the earnings profile.
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CGBD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CGBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 25, 2025 | $17.52 | $17.86 | +1.94% |
| Nov 05, 2024 | $16.38 | $16.00 | -2.32% |
| Aug 05, 2024 | $16.04 | $15.45 | -3.68% |
| May 07, 2024 | $16.11 | $16.20 | +0.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TCG BDC Inc (CGBD) report earnings?
TCG BDC Inc (CGBD) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is TCG BDC Inc (CGBD) earnings time?
TCG BDC Inc (CGBD) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CGBD EPS forecast?
CGBD EPS forecast for the fiscal quarter 2025 (Q1) is 0.44.
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