Golub Capital BDC (GBDC) Reports In-Line Q4 EPS, Miss on Revenues

Golub Capital BDC (NASDAQ: GBDC) reported Q4 EPS of $0.32, in-line with the analyst estimate of $0.32. Revenue for the quarter came in at $34.95 million versus the consensus estimate of $37.73 million.

Fourth Fiscal Quarter 2017 Highlights

• Net increase in net assets resulting from operations for the quarter ended September 30, 2017 was $22.5 million, or $0.38 per share, as compared to $20.1 million, or $0.35 per share, for the quarter ended June 30, 2017;
• Net investment income for the quarter ended September 30, 2017, was $18.3 million, or $0.31 per share, as compared to $17.8 million, or $0.31 per share, for the quarter ended June 30, 2017;
• Net investment income for the quarter ended September 30, 2017, excluding a $0.8 million accrual for the capital gain incentive fee under GAAP, was $19.1 million, or $0.32 per share, as compared to $18.4 million, or $0.32 per share, excluding a $0.6 million accrual for the capital gain incentive fee under GAAP, for the quarter ended June 30, 2017;
• Net gain on investments and secured borrowings for the quarter ended September 30, 2017 was $4.2 million, or $0.07 per share, as compared to a net gain of $2.3 million, or $0.04 per share, for the quarter ended June 30, 2017; and
• Our board of directors declared on November 17, 2017 a quarterly distribution of $0.32 per share and a special distribution of $0.08 per share both of which are payable on December 28, 2017 to stockholders of record as of December 12, 2017.

For earnings history and earnings-related data on Golub Capital BDC (GBDC) click here.

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