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Investcorp Credit Management BDC, Inc. Registered (ICMB)
NASDAQ:ICMB
RESEARCH TOOLSreports
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
0.11Last Year’s EPS
0.14Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 26, 2025
|% Change Since: -20.50%
|Next Earnings Date:May 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed sentiment with notable achievements in credit quality improvement and successful investment realizations, as well as challenges such as decreased net investment income and net asset value. The company showed proactive measures in managing credit risks but faced increased leverage and lower portfolio yields.Company Guidance
In the call, Investcorp Credit Management BDC discussed several key financial metrics and strategic updates for the fiscal quarter ending December 31, 2024. The company reported a net investment income of $0.8 million, or $0.06 per share, compared to $0.16 per share in the previous quarter. The net asset value per share decreased to $5.39 from $5.55. The portfolio's fair value increased slightly to $191.6 million from $190.1 million, with net assets totaling $77.6 million, marking a decline of $2.3 million. The weighted average yield of the debt portfolio was 10.4%, a slight decrease from 10.5% in the previous quarter. During the quarter, the company invested $9.9 million in new and existing portfolio companies, with a weighted average yield of 11.8% on new debt investments. The company also realized $7.6 million from two portfolio company exits, achieving an internal rate of return (IRR) of approximately 17.2%. Despite economic uncertainties, the company remains optimistic, focusing on strategic investments in critical sectors and maintaining strong credit quality, as demonstrated by a lower non-accrual rate and stable median EBITDA of approximately $61.76 million. The board declared a distribution of $0.12 per share for the quarter ending March 31, 2025.New Executive Appointment
Andrew Muns was appointed as Investcorp Credit Management BDC's Chief Operating Officer, bringing vast experience to the executive team.
Improvement in Credit Quality
Portfolio's non-accrual rate improved, and there was a decrease in credit quality issues compared to the previous quarter.
Successful Investment Realizations
Realized two portfolio company investments totaling $7.6 million in proceeds with an IRR of approximately 17.2%.
High Yield on Debt Investments
Weighted average yield of debt investments made in the quarter was approximately 11.8%.
Repricing of Credit Facility
Repriced the Capital One revolving credit facility, reducing borrowing cost spread from 310 bps to 250 bps.
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ICMB 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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ICMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 26, 2025 | $3.22 | $3.20 | -0.62% |
| Nov 13, 2024 | $2.87 | $3.02 | +5.23% |
| Sep 25, 2024 | $2.92 | $2.92 | 0.00% |
| May 14, 2024 | $2.91 | $2.87 | -1.37% |
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 Investcorp Credit Management BDC, Inc. Registered (ICMB) report earnings?
Investcorp Credit Management BDC, Inc. Registered (ICMB) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Investcorp Credit Management BDC, Inc. Registered (ICMB) earnings time?
Investcorp Credit Management BDC, Inc. Registered (ICMB) 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 ICMB EPS forecast?
ICMB EPS forecast for the fiscal quarter 2025 (Q3) is 0.11.
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