Business
Capital Southwest Announces Financial Results for Second Fiscal Quarter Ended September 30, 2025
CSWC Reports Pre-Tax Net Investment Income of $0.64 Per Share for Quarter Ended September 30, 2024 DALLAS, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Capital Southwest
About this update from Capital Southwest Corporation
[{"type":"text","content":"CSWC Reports Pre-Tax Net Investment Income of $0.64 Per Share for Quarter Ended September 30, 2024\nDALLAS, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest,” “CSWC” or the “Company”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced its financial results for the second fiscal quarter ended September 30, 2024. Second Quarter Fiscal Year 2025 Financial Highlights Total Investment Portfolio: $1.5 billion Credit Portfolio of $1.4 billion: 98% 1st Lien Senior Secured Debt$88.0 million in new committed credit investments during the quarterWeighted Average Yield on Debt Investments: 12.9%Current non-accruals with a fair value of $52.2 million, representing 3.5% of the total investment portfolio Equity Portfolio of $134.5 million $1.8 million in new equity co-investments during the quarter Pre-Tax Net Investment Income: $30.0 million, or $0.64 per weighted average share outstandingLTM Operating Leverage: 1.7% for the quarter ended September 30, 2024Dividends: Paid $0.58 per share Regular Dividend and $0.06 per share Supplemental Dividend 119% LTM Pre-Tax NII Regular Dividend CoverageTotal Dividends for the quarter ended September 30, 2024 of $0.64 per share Net Realized and Unrealized Depreciation: $8.5 million, or 0.6% of total investments at fair value $1.3 million of net depreciation related to the equity portfolio$7.2 million of net depreciation related to the credit portfolio Balance Sheet: Cash and Cash Equivalents: $47.2 millionTotal Net Assets: $791.3 millionNet Asset Value (“NAV”) per Share: $16.59 In commenting on the Company’s results, Bowen Diehl, President and Chief Executive Officer, stated, “The September quarter was another strong quarter for Capital Southwest. Our portfolio continued to perform well, producing $0.64 of pre-tax net investment income per share for the quarter, which earned both our $0.58 per share regular dividend and our $0.06 per share supplemental dividend paid for the quarter. Originations for the quarter were $90 million, offset by $45 million in prepayments. Due to delayed deal closings past the end of the September quarter, as well as an exceptionally strong current backlog of deals in diligence, we expect very robu...