Sep 30, 2024

OFS Capital Q3 2024 Earnings Report

Announced third quarter 2024 financial results and declared fourth quarter distribution of $0.34 per share.

Key Takeaways

OFS Capital Corporation reported a net investment income increase to $0.27 per common share for the quarter ended September 30, 2024, from $0.26 per common share for the quarter ended June 30, 2024. However, the company experienced a net loss on investments of $0.15 per common share. Net asset value per common share decreased to $11.29 as of September 30, 2024, from $11.51 as of June 30, 2024.

Net investment income increased to $0.27 per common share for the quarter ended September 30, 2024 from $0.26 per common share for the quarter ended June 30, 2024.

Net loss on investments was $0.15 per common share for the quarter ended September 30, 2024.

Net asset value per common share decreased to $11.29 as of September 30, 2024 from $11.51 as of June 30, 2024.

The investment portfolio’s weighted-average performing income yield increased to 13.6% from 13.4% during the prior quarter.

Total Revenue
$10.9M
Previous year: $14.7M
-25.5%
EPS
$0.27
Previous year: $0.4
-32.5%
Cash and Equivalents
$20.3M
Previous year: $15.9M
+27.2%
Free Cash Flow
$17.3M
Previous year: $4.62M
+274.0%
Total Assets
$419M
Previous year: $477M
-12.3%

OFS Capital

OFS Capital

Forward Guidance

Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including statements relating to: OFS Capital’s results of operations, including net investment income, net asset value and net investment gains and losses and the factors that may affect such results; and other factors may constitute forward-looking statements for purposes of the safe harbor protection under applicable securities laws.