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Capital Southwest Corp. (CSWC)
NASDAQ:CSWC
Earnings Data
Report Date
May 26, 2025TBA Not Confirmed
Period Ending
2025 (Q4)Consensus EPS Forecast
0.62Last Year’s EPS
0.66Same Quarter Last Year
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 4.40%
|Next Earnings Date:May 26, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance with solid dividend coverage, robust portfolio activity, and successful issuance of convertible notes. However, challenges such as non-accrual loans and competitive pressures were noted. The sentiment leans positive due to the outweighing highlights.Company Guidance
During the Capital Southwest Third Quarter Fiscal Year 2025 earnings call, the company provided detailed guidance on its financial and operational performance. Key metrics included a pre-tax net investment income of $0.64 per share, which covered both the regular dividend of $0.58 per share and a supplemental dividend of $0.05 per share. The company announced an increase in the supplemental dividend to $0.06 per share for the March quarter, bringing the total dividend to $0.64 per share. Portfolio activity was robust, with $317.5 million in new commitments to nine new and 20 existing portfolio companies, and add-on financings comprised 41% of total capital commitments. The company issued $230 million in convertible notes with a 5.125% coupon, used to redeem $140 million of January 2026 notes and reduce the senior secured revolving credit facility debt. The portfolio's weighted average yield was 12.1%, and 98% of the credit portfolio was first lien senior secured. Additionally, the company announced expectations to receive final approval for a second SBIC license soon and raised approximately $54 million in equity.Strong Dividend Coverage and Growth
Pre-tax net investment income of $0.64 per share fully covered both the regular and supplemental dividends. Dividend sustainability and strong credit performance were emphasized, with a 29x increase in the regular dividend since the launch of the credit strategy.
Robust Portfolio Activity
Total capital commitments during the quarter reached $317.5 million, with 41% being follow-on financings in performing companies. The portfolio grew to $1.5 billion, a 31% increase year-over-year.
Successful Convertible Notes Issuance
Issued $230 million in convertible notes with a 5.125% coupon, using proceeds to redeem $140 million January 2026 notes. This resulted in significant interest expense savings.
SBA License Progress
Received a green light letter from SBA to submit the final application for a second SBIC license, indicating continued participation in the SBA program.
Portfolio Health and Performance
95% of the portfolio is rated in the top two categories, with cash flow coverage of debt service obligations at a healthy 3.5x. The portfolio's weighted average yield was 12.1%.
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CSWC 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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CSWC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $22.28 | $22.76 | +2.15% |
| Oct 28, 2024 | $25.00 | $23.80 | -4.80% |
| Aug 05, 2024 | $22.32 | $23.09 | +3.45% |
| May 14, 2024 | $25.15 | $24.40 | -2.98% |
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 Capital Southwest Corp. (CSWC) report earnings?
Capital Southwest Corp. (CSWC) is schdueled to report earning on May 26, 2025, TBA Not Confirmed.
What is Capital Southwest Corp. (CSWC) earnings time?
Capital Southwest Corp. (CSWC) earnings time is at May 26, 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 CSWC EPS forecast?
CSWC EPS forecast for the fiscal quarter 2025 (Q4) is 0.62.
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