Loading...
•
Mar 31, 2023
Ares Capital Q1 2023 Earnings Report
Ares Capital announced financial results for Q1 2023 and declared a second quarter dividend of $0.48 per share.
Key Takeaways
Ares Capital reported a strong start to 2023, with core EPS growing by over 35% year-over-year. The company strengthened its balance sheet by reducing leverage and increasing available liquidity.
Ares Capital declared a second quarter 2023 dividend of $0.48 per share.
Core EPS for Q1 2023 was $0.57 per share, compared to $0.42 per share in Q1 2022.
GAAP net income per share for Q1 2023 was $0.52, compared to $0.44 for the same quarter last year.
The company reduced leverage and increased available liquidity, positioning it to support existing portfolio companies and be opportunistic investors.
Forward Guidance
Ares Capital believes its ability to provide certainty of execution and flexible capital solutions to borrowers will enhance its competitive position and enable it to make attractive investments for this market cycle.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...