Carlyle reports Q2 distributable EPS 88c, consensus 67c

Reports Q2 revenue $462.1M vs. $1.05B last year. Net loss attributable to Carlyle Group common stockholders was $98M for Q2, or (27c) per share, driven by a $104M investment loss related to the dilution of its interest in Fortitude as well as the reversal of unrealized performance allocations in the quarter. Total balance sheet assets were $21B as of June 30, 2023. Carlyle CEO Harvey Schwartz said, “While the economic backdrop remains complex and investor sentiment remains mixed, the peak of the inflation cycle may have passed. We’re cautiously optimistic activity levels will accelerate from here. Our deep and talented investing teams are focused on capitalizing on opportunities to deploy capital where we see great risk-reward. As a leadership team, we are intensely focused on delivering performance excellence for our investors and driving long-term shareholder value. We are taking action to mobilize teams around priority areas to drive disciplined growth and I am confident Carlyle is well-positioned for the future.”