Core Viewpoint - Carlyle Secured Lending, Inc. (CGBD) is well-positioned to continue its earnings-beat streak in the upcoming report, supported by a strong earnings history and positive analyst sentiment [1][3]. Earnings Performance - For the last reported quarter, Carlyle Secured Lending achieved earnings of $0.49 per share, surpassing the Zacks Consensus Estimate of $0.48 per share, resulting in a surprise of 2.08% [2]. - In the previous quarter, the company reported earnings of $0.51 per share against an expectation of $0.50 per share, delivering a surprise of 2% [2]. Analyst Estimates - Recent estimates for Carlyle Secured Lending have been trending upward, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [3][6]. - The current Earnings ESP for the company stands at +0.57%, reflecting increased analyst optimism regarding its earnings prospects [6]. Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, suggesting a high probability of beating consensus estimates [4]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate being more reflective of recent analyst revisions [5].

NEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Carlyle Secured Lending, Inc. (“Carlyle Secured Lending”) (NASDAQ: CGBD) will host a conference call at 11:00 a.m. EST on Wednesday, February 26, 2025 to announce its financial results for the fourth quarter and full year ended December 31, 2024. A news release containing the quarterly results will be issued on Tuesday, February 25, 2025. The conference call will be available via public webcast via a link on Carlyle Secured Lending’s website at carlylesecuredlendi ...

Financial Data and Key Metrics Changes - In Q3 2024, the company generated net investment income of $0.47 per share and adjusted net investment income of $0.49 per share, reflecting a stable credit performance and a higher base rate environment [8][14] - The net asset value (NAV) as of September 30 was $16.85 per share, showing a modest decline from the previous quarter [9] - Total investment income for the quarter was $56 million, slightly lower than the prior quarter due to a lower average portfolio balance and lower weighted average yields [13] Business Line Data and Key Metrics Changes - The company reported a significant year-over-year increase in originations during Q3, with a growing pipeline expected to remain strong into 2025 [10] - The portfolio consisted of 175 investments in 128 companies across more than 25 industries, with 94% of investments in senior secured loans [11] Market Data and Key Metrics Changes - The company noted that new issue spreads stabilized in Q3 despite increased competition and cross-market refinancings [10] - The median EBITDA across the core portfolio at quarter end was $85 million, indicating strong underlying performance [12] Company Strategy and Development Direction - The company is focused on maintaining a highly diversified portfolio while increasing origination activity, with a target leverage of 1.1 times at merger close [21][28] - The merger with Carlyle Secured Lending III is expected to close by the end of Q1 2025, which will enhance scale, liquidity, and operational efficiencies [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to meet and exceed the $0.40 base dividend, although some contraction in earnings is expected due to lower base rates and tighter new issue spreads [16] - The overall credit quality remains stable, with non-accruals decreasing to 0.6% of total investments at fair value [18] Other Important Information - The company declared a total fourth quarter dividend of $0.45 per share, consisting of a base dividend of $0.40 and a supplemental dividend of $0.05 [9][15] - The company successfully issued $300 million of unsecured notes with a fixed rate of 6.75%, diversifying financing sources [20] Q&A Session Summary Question: Outlook on portfolio and balance sheet leverage - Management is optimistic about the pipeline and expects M&A activity to increase in Q4 and Q1 next year, with a current leverage of 0.9 times [27][28] Question: Repayment volume and origination dynamics - Management anticipates a reversal in repayment volume this quarter, with higher overall volume on the new deal side [31] Question: Trends in revenue growth and EBITDA - Management noted strong fundamentals with companies in the portfolio continuing to grow revenue and EBITDA, with growth rates stabilizing in the mid-single digits [36][40]

| --- | --- | --- | |-----------------------------------------------------------------------------------|-------|-------| | | | | | | | | | Carlyle Secured Lending, Inc. Quarterly Earnings Presentation September 30, 2024 | | | 1 Disclaimer and Forward-Looking Statement This presentation (the "Presentation") has been prepared by Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, "we," "us," "our," "CGBD" or the "Company") (NASDAQ: CGBD) and may only be used for informational purposes ...

Financial Performance - Carlyle Secured Lending, Inc. (CGBD) reported quarterly earnings of $0.49 per share, exceeding the Zacks Consensus Estimate of $0.48 per share, but down from $0.52 per share a year ago, representing an earnings surprise of 2.08% [1] - The company posted revenues of $39.08 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.10%, and down from $42.28 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Stock Performance - Carlyle Secured Lending shares have increased approximately 10.2% since the beginning of the year, while the S&P 500 has gained 19.8% [3] - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $40.94 million, and for the current fiscal year, it is $1.96 on revenues of $166.65 million [7] Industry Outlook - The Financial - SBIC & Commercial Industry, to which Carlyle Secured Lending belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, indicating potential challenges ahead [8] - The performance of Carlyle Secured Lending's stock may be influenced by the overall outlook for the industry [8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Carlyle Secured Lending, Inc. (Exact name of Registrant as specified in its charter) FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period to Commission File No. 814-00995 Maryland 80-0789789 (State or other jurisdiction of ...

| --- | --- | --- | --- | |----------------------------------------------------------------------------------|-------|-------|-------| | | | | | | | | | | | C A R L Y L E | | | | | Carlyle Secured Lending, Inc. Quarterly Earnings Presentation September 30, 2024 | | | | Disclaimer and Forward-Looking Statement This presentation (the "Presentation") has been prepared by Carlyle Secured Lending, Inc. (together with its consolidated subsidiaries, "Company") (NASDAQ: CGBD) and may only be used for informational ...

porcorex The BDC market has recently been subject to elevated volatility stemming from increased corporate distress levels and, importantly, the Fed moving closer to interest rate cut decisions. In theory and to a large extent in practice as well, lower interest rates make it more difficult for BDCs to capture enticing spreads. The chart below depicts these volatility levels very well, where we can see how a sharp correction was recognized in the Q2 earnings period, when many BDCs started to publish reports ...

Carlyle Secured Lending, Inc. (CGBD) announced a definitive agreement to acquire Carlyle Secured Lending III (CSL III) — a private business development company with a similar investment strategy and portfolio. After the closure of this stock-for-stock merger, CGBD's total assets will increase to $2.5 billion and net assets to more than $1.2 billion upon closing. CSL III's investment activities are managed by its investment adviser, CSL III Advisor, an affiliate of Carlyle Group (CG) . Given the substantial ...

NEW YORK, Aug. 7, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating potential claims related to the below-listed proposed mergers. Kuehn Law may seek additional disclosures or other relief on behalf of the shareholders of these companies. Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process: Carlyle Secured Lending, Inc. has agreed to mer ...