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Golub Capital Bdc (GBDC)
NASDAQ:GBDC
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.41Last Year’s EPS
0.51Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 1.47%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with strong financial performance and portfolio growth. The company successfully managed its debt, resulting in reduced borrowing costs, and received a Moody's rating upgrade. However, challenges such as spread compression and a slight decline in NAV per share were acknowledged.Company Guidance
During the earnings call for GBDC's fiscal quarter ended December 31, 2024, David Golub, CEO, highlighted a strong start to fiscal year 2025 with key financial metrics including an adjusted net investment income (NII) per share of $0.39, corresponding to a 10.1% adjusted NII return on equity. Excluding non-cash interest expense from an interest rate swap, adjusted NII was $0.40 per share. Adjusted net income per share stood at $0.42, reflecting an 11% return on equity, inclusive of $0.03 per share from net realized and unrealized gains. The portfolio exhibited solid credit performance with a decline in non-accrual investments to 0.5% at fair value, the lowest level since 2019. GBDC's portfolio grew by approximately 5.5% quarter-over-quarter with gross originations of $1.2 billion and net funds increasing by $450 million. The quarter also saw significant improvements in borrowing costs and further reductions are expected following recent funding structure initiatives. The board declared a regular quarterly distribution of $0.39 per share, maintaining a comfortable distribution coverage of 103%.Strong Financial Performance
Adjusted NII per share was $0.39, corresponding to an adjusted NII return on equity of 10.1%. Excluding non-cash interest expenses, adjusted NII was $0.40 per share. Adjusted net income per share was $0.42, corresponding to an adjusted return on equity of 11%.
Portfolio Growth and Credit Quality
GBDC saw a 5.5% net portfolio growth quarter-over-quarter, with non-accrual investments at their lowest level since 2019, declining from 1.2% to 0.5% of total investments at fair value.
Successful Debt Management
GBDC executed a $2.2 billion term debt securitization with AAA notes priced at SOFR plus 158 basis points, reducing borrowing costs.
Moody's Rating Upgrade
GBDC was upgraded by Moody's to a Baa2 rating with a stable outlook, enhancing its ability to issue low-cost unsecured debt.
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GBDC 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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GBDC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $15.67 | $15.31 | -2.30% |
| Nov 19, 2024 | $15.05 | $14.75 | -1.99% |
| Aug 05, 2024 | $13.60 | $13.70 | +0.74% |
| May 06, 2024 | $15.92 | $15.67 | -1.57% |
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 Golub Capital Bdc (GBDC) report earnings?
Golub Capital Bdc (GBDC) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Golub Capital Bdc (GBDC) earnings time?
Golub Capital Bdc (GBDC) earnings time is at May 12, 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 GBDC EPS forecast?
GBDC EPS forecast for the fiscal quarter 2025 (Q2) is 0.41.
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