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TCG BDC Inc (CGBD)
NASDAQ:CGBD
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.44Last Year’s EPS
$0.6Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 7.21%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, stable portfolio, successful financing activities, and positive progress on the merger. However, there are some concerns about a modest decline in net asset value, anticipated earnings contraction, and unrealized net losses. Overall, the positives outweigh the negatives, indicating a positive sentiment.Company Guidance
During the third quarter of 2024, Carlyle's Secured Lending reported stable credit performance and benefited from the higher base rate environment, generating a net investment income of $0.47 per share and an adjusted net investment income of $0.49 per share. The adjusted NII represented an annualized yield of nearly 12% based on the September 30 NAV. The Board declared a fourth-quarter dividend of $0.45 per share, with a base dividend of $0.40 and a $0.05 supplemental dividend. The net asset value as of September 30 was $16.85 per share, slightly down from the prior quarter. The portfolio comprised 175 investments across 128 companies in over 25 industries, with 94% of investments in senior secured loans and a median EBITDA of $85 million across the core portfolio. The company also saw significant year-over-year growth in originations and expects continued strong volumes in 2025, leveraging the One Carlyle platform to benefit from increased M&A activity.Strong Financial Performance
Net investment income of $0.47 per share and adjusted net investment income of $0.49 per share, representing an annualized yield of nearly 12%.
Stable Portfolio and Low Nonaccruals
The portfolio has 175 investments in 128 companies across more than 25 industries with nonaccruals decreased to only 0.6% of total investments at fair value.
Successful Financing Activities
Secured investment-grade ratings from Moody's and Fitch, issued $300 million of unsecured notes, and reduced the cost of debt by more than 20 basis points within the CLO vehicle.
Merger Progress
The merger between CGBD and Carlyle Secured Lending III remains on track to close by the end of the first quarter of 2025, expected to provide strategic benefits including increased scale and liquidity.
Positive Credit Environment
Companies in the portfolio continue to grow revenue and EBITDA, indicating a relatively benign credit environment.
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CGBD 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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CGBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $16.79 | $16.41 | -2.26% |
| Aug 05, 2024 | $16.45 | $15.84 | -3.71% |
| May 07, 2024 | $16.51 | $16.61 | +0.61% |
| Feb 26, 2024 | $14.13 | $14.93 | +5.66% |
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 TCG BDC Inc (CGBD) report earnings?
TCG BDC Inc (CGBD) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is TCG BDC Inc (CGBD) earnings time?
TCG BDC Inc (CGBD) earnings time is at Mar 04, 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 CGBD EPS forecast?
CGBD EPS forecast for the fiscal quarter 2024 (Q4) is $0.44.
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