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Investcorp Credit Management BDC, Inc. Registered (ICMB)
NASDAQ:ICMB
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)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:Nov 13, 2024
|% Change Since: 8.43%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call showcased a strong quarter with significant improvements in net asset value, net investment income, and portfolio performance. However, there were some concerns regarding the decline in the weighted average yield and a realized loss from a non-accrual investment. Overall, the positive aspects significantly outweigh the negatives.Company Guidance
During the Q1 2025 earnings call for Investcorp Credit Management BDC, Inc., the executives provided several key metrics reflecting the company's performance and strategic direction. The net asset value increased by $0.34 per share to $5.55, driven by higher net investment income, unrealized gains on investments, and solid credit performance. The net investment income for the quarter was $2.3 million, or $0.16 per share, marking a $1 million increase from the previous quarter. The company successfully deployed $13.1 million across six portfolio companies and realized proceeds of $13.4 million from two fully realized investments, achieving an IRR of approximately 11.8%. The portfolio's fair value rose to $190.1 million, with net assets at $79.7 million, reflecting a $4.9 million increase. The gross leverage stood at 1.39x, and net leverage at 1.26x, with 82.5% of the investments in first lien debt. The weighted average yield of new debt investments was approximately 10.7%, while the weighted average spread and floor were 4.3% and 0.9%, respectively. The company's strategic focus included maintaining optimal portfolio leverage between 1.25x and 1.5x, investing in senior secured investments within the core middle market, and enhancing operating efficiencies.Increase in Net Asset Value
The net asset value rose by $0.34 per share to $5.55 from $5.21 as of the quarter ended June 30, 2024.
Growth in Net Investment Income
Generated net investment income of $2.3 million or approximately $0.16 per share, reflecting a $1 million increase over the prior quarter.
Successful Capital Deployment
Deployed $13.1 million across 6 portfolio companies, marking an uptick in activity compared to recent quarters.
Improvement in Non-Accruals
Non-accruals as a percentage of total fair market value improved to 4.8% from 5% last quarter.
Strong Portfolio Performance
The median EBITDA of the portfolio rose from approximately $55 million last quarter to $61 million, while the weighted average net leverage declined from 5.1x to 4.7x.
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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 |
|---|---|---|---|
| Nov 13, 2024 | $2.98 | $3.14 | +5.37% |
| Sep 25, 2024 | $3.04 | $3.03 | -0.33% |
| May 14, 2024 | $3.03 | $2.98 | -1.65% |
| Feb 21, 2024 | $2.98 | $2.97 | -0.34% |
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 Feb 11, 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 Feb 11, 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 (Q2) is $0.11.
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