earnings
confidence high
sentiment positive
materiality 0.75
GBDC Q4 preliminary NII $0.48–0.50/sh; NAV rises to $15.00–15.04
GOLUB CAPITAL BDC, Inc.
2023-FY EPS reported
$1.52
- Adjusted NII per share of $0.49–$0.51, highest ever, benefiting from reduced base management fee (1.375% → 1.0%).
- Estimated EPS $0.58–$0.62; net realized/unrealized gain per share $0.10–$0.12.
- NAV per share estimated at $15.00–$15.04, up from $14.83 at June 30, 2023, after $0.41 in distributions.
- Non-accrual investments stable at nine; fair-value non-accrual ratio <1.5%.
- New middle-market commitments of $129.6M in the quarter; ~80% one-stop loans.