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The Market Is Missing Out On Carlyle Secured Lending
Seeking Alpha· 2024-11-25 22:13
Welcome to Cash Flow Venue, where dividends do the heavy lifting! Blending my financial chops with the timeless wisdom of value investing (and love for steady income), I’ve built a rock-solid pillar in my financial foundation through dividend investing. I believe it’s one of the most accessible paths to achieving financial freedom, and I’m excited to share my insights with you. I’m a finance professional with deep experience in M&A and business valuation. What does that mean in practice? I’ve evaluated coun ...
Carlyle Credit Income Fund Announces Fourth Quarter and Full Year 2024 Financial Results and Declares Monthly Common and Preferred Dividends
GlobeNewswire News Room· 2024-11-20 22:46
NEW YORK, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Carlyle Credit Income Fund (“we,” “us,” “our,” “CCIF” or the “Fund”) (NYSE: CCIF) today announced its financial results for its fourth quarter and full year ended September 30, 2024. The full detailed presentation of the Fund’s fourth quarter and full year ended September 30, 2024, financial results can be viewed on the Fund’s website carlylecreditincomefund.com/investor-dashboard. Lauren Basmadjian, CCIF’s Chief Executive Officer said, “We’re pleased with our 4Q ...
Carlyle Sells QuidelOrtho Shares, Analyst Sees Overhang Lifted
Benzinga· 2024-11-20 20:08
On Tuesday, QuidelOrtho Corporation QDEL priced the previously announced underwritten secondary offering by Carlyle Partners VI Cayman Holdings of 8.26 million shares.The selling stockholder will receive all of the proceeds. The company is not selling any shares.The last reported sale price of QuidelOrtho’s common stock on Nov. 19 was $38.58 per share. Goldman Sachs & Co. LLC is acting as the sole underwriter.William Blair analysts noted that Carlyle sold some of its shares earlier this summer through small ...
Carlyle Commodities Announces Filing of NI 43-101 Technical Report for the Quesnel Gold 1 Property
Newsfile· 2024-11-15 23:30
Carlyle Commodities Announces Filing of NI 43-101 Technical Report for the Quesnel Gold 1 PropertyNovember 15, 2024 6:30 PM EST | Source: Carlyle Commodities Corp.Vancouver, British Columbia--(Newsfile Corp. - November 15, 2024) - Carlyle Commodities Corp. (CSE: CCC) (FSE: BJ4) (OTC Pink: CCCFF) ("Carlyle" or the "Company") is pleased to announce that is has filed a NI 43-101 Technical Report dated October 30, 2024 (the "Technical Report") for the Company's Quesnel Gold Project located in the ...
Carlyle's Q3 Earnings Surpass Estimates, Revenues & AUM Increase Y/Y
ZACKS· 2024-11-08 15:11
The Carlyle Group Inc. (CG) reported third-quarter 2024 post-tax distributable earnings per share of 95 cents, which beat the Zacks Consensus Estimate by 9.2%. The figure compared favorably with earnings of 87 cents per share reported in the year-ago quarter.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.Results benefited from an increase in segment fee and realized performance revenues. A rise in assets under management (AUM) balance also offered support. However, an increa ...
Carlyle(CG) - 2024 Q3 - Quarterly Report
2024-11-07 21:08
Financial Performance - Total revenues for Q3 2024 reached $2,635.2 million, significantly higher than $716.6 million in Q3 2023, marking an increase of 267.5%[28] - Net income attributable to The Carlyle Group Inc. was $595.7 million for Q3 2024, compared to $81.3 million in Q3 2023, reflecting a substantial increase of 632.8%[28] - The company reported a comprehensive income of $680.7 million for Q3 2024, up from $85.9 million in Q3 2023, indicating a growth of 694.4%[30] - Net income for the nine months ended September 30, 2024, was $863.8 million, significantly up from $173.6 million for the same period in 2023, representing an increase of approximately 396.5%[36] - Total investment income for the three months ended September 30, 2024, was $1,831.5 million, compared to a loss of $17.7 million in the same period of 2023[165] Assets and Liabilities - Total assets increased to $22,658.4 million as of September 30, 2024, compared to $21,176.0 million at December 31, 2023, reflecting a growth of approximately 7%[26] - Total liabilities rose to $16,323.0 million from $15,391.5 million, representing an increase of approximately 6%[27] - The company reported a total equity of $6,335.4 million, up from $5,784.5 million, indicating a growth of approximately 9.5%[27] - The company’s debt obligations decreased slightly to $2,211.0 million from $2,281.0 million, a reduction of about 3.1%[26] - As of September 30, 2024, the assets and liabilities of consolidated VIEs were $8.2 billion and $7.0 billion, respectively, compared to $7.8 billion and $6.9 billion as of December 31, 2023[47] Cash Flow and Investments - Cash and cash equivalents decreased to $1,376.8 million from $1,440.3 million, a decline of about 4.4%[26] - Cash flows from operating activities showed a net cash used of $406.7 million for the nine months ended September 30, 2024, compared to a net cash used of $49.2 million in 2023[36] - The company experienced a net cash provided by financing activities of $370.7 million for the nine months ended September 30, 2024, compared to $52.6 million in 2023[38] - The company reported a realized/unrealized loss on investments of Consolidated Funds amounting to $58.1 million for the nine months ended September 30, 2024, compared to a loss of $262.7 million in 2023[36] - The total fair value of investments in consolidated funds was $11,095.0 million as of September 30, 2024, compared to $9,955.3 million on December 31, 2023[147] Compensation and Benefits - Accrued compensation and benefits increased significantly to $5,434.8 million from $4,922.2 million, a rise of about 10.4%[27] - Total accrued compensation and benefits increased to $5.43 billion as of September 30, 2024, compared to $4.92 billion as of December 31, 2023[205] - Equity-based compensation increased to $355.1 million for the nine months ended September 30, 2024, compared to $186.8 million in 2023, marking an increase of approximately 90.1%[36] Performance Allocations - Realized performance allocations for the three months ended September 30, 2024, were $196.8 million, significantly up from $40.4 million in the same period of 2023[206] - As of September 30, 2024, total accrued performance allocations reached $7,210.8 million, up from $6,169.9 million as of December 31, 2023, representing a growth of approximately 16.9%[148] - The Global Private Equity segment accounted for $5,048.4 million of the accrued performance allocations, an increase from $4,310.7 million, indicating a growth of about 17.1%[148] Debt and Financing - Total debt obligations as of September 30, 2024, amounted to $2,233.7 million, a decrease from $2,306.7 million on December 31, 2023, representing a reduction of approximately 3.2%[180] - The company has a senior credit facility with a revolving credit capacity of $1.0 billion, maturing on April 29, 2027, with an interest rate of 5.95% as of September 30, 2024[181] - The Global Credit Revolving Credit Facility has a total capacity of $500 million, with no outstanding borrowings as of September 30, 2024, after repaying $5.0 million and €5.0 million during the nine months ended September 30, 2024[182] Legal Matters - On July 29, 2022, a lawsuit was filed by the City of Pittsburgh Comprehensive Municipal Trust Fund against the Company in the Delaware Court of Chancery[214] - The lawsuit includes allegations of breach of the Company's certificate of incorporation[214] - The Plaintiff is making a direct claim against the Company and a derivative claim against certain current and former officers and directors[214] Miscellaneous - The Company was established on January 1, 2020, following the conversion from a partnership to a corporation[214] - The company expects the impact of recent accounting guidance on segment reporting and income tax disclosure to be immaterial to its financial statements[125][126]
Carlyle(CG) - 2024 Q3 - Earnings Call Transcript
2024-11-07 17:21
The Carlyle Group Inc. (NASDAQ:CG) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Daniel Harris - Head, IR Harvey Schwartz - CEO John Redett - CFO and Head, Corporate Strategy Conference Call Participants Alex Blostein - Goldman Sachs Ken Worthington - JPMorgan Ben Budish - Barclays Patrick Davitt - Autonomous Research Brian McKenna - Citizens GMP Glenn Schorr - Evercore ISI Mike Brown - Wells Fargo Securities Brian Bedell - Deutsche Bank Brennan Hawken - UBS Steven Chubak ...
Compared to Estimates, Carlyle (CG) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-07 16:30
For the quarter ended September 2024, Carlyle Group (CG) reported revenue of $895 million, up 15.3% over the same period last year. EPS came in at $0.95, compared to $0.87 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $885.46 million, representing a surprise of +1.08%. The company delivered an EPS surprise of +9.20%, with the consensus EPS estimate being $0.87.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...
Carlyle(CG) - 2024 Q3 - Quarterly Results
2024-11-06 22:44
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STOCKHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Carlyle Secured Lending, Inc. – CGBD
GlobeNewswire News Room· 2024-11-06 20:49
NEW YORK, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Carlyle Secured Lending, Inc. (NASDAQ: CGBD), relating to a proposed merger between CGBD and Carlyle Secured Lending III. Under the terms of the agreement, shareholders of CSL III will re ...