Earnings Call Summary | Fidus Investment(FDUS.US) Q1 2024 Earnings Conference
Earnings Call Summary | Fidus Investment(FDUS.US) Q1 2024 Earnings Conference
The following is a summary of the Fidus Investment Corporation (FDUS) Q1 2024 Earnings Call Transcript:
以下是Fidus投资公司（FDUS）2024年第一季度财报电话会议记录的摘要：
Financial Performance:
财务业绩：
Fidus Investment Corporation reported a total Q1 portfolio on a fair value basis of over $1 billion.
Q1 net originations amounted to $85.7 million.
The company's debt portfolio generated adjusted net investment income of $18.1 million, an increase of 21.8% compared to $14.9 million last year.
The adjusted net investment income on a per share basis was $0.59 per share compared to $0.60 per share for the same period last year.
The company paid Q1 dividends totaling $0.65 per share, and declared dividends totaling $0.59 per share for the second quarter of 2024.
Net asset value grew 3.2% to $608.3 million compared to $589.5 million. On a per share basis, net asset value was $19.36 at quarter end compared to $19.37 as of December 31, 2023.
The company ended the quarter with $463.1 million of debt outstanding, and its debt-to-equity ratio as of March 31 was 0.8x. The weighted average interest rate on outstandings was 4.6% on March 31, 2024.
Fidus投资公司报告称，第一季度按公允价值计算的总投资组合超过10亿美元。
第一季度净发放额为8,570万美元。
该公司的债务投资组合产生的调整后净投资收益为1,810万美元，与去年的1,490万美元相比增长了21.8％。
调整后的每股净投资收益为0.59美元，而去年同期为每股0.60美元。
该公司在第一季度支付的股息总额为每股0.65美元，并宣布2024年第二季度的分红总额为每股0.59美元。
净资产价值增长了3.2％，达到6.083亿美元，而净资产价值为5.895亿美元。按每股计算，季度末的净资产价值为19.36美元，而截至2023年12月31日为19.37美元。
该公司在本季度末有4.631亿美元的未偿债务，截至3月31日，其债务与权益比率为0.8倍。2024年3月31日，未偿债券的加权平均利率为4.6％。
Business Progress:
业务进展：
In Q1, Fidus Investment Corporation invested $94.6 million in 7 new portfolio companies mostly through M&A transactions.
The company's portfolio consisted of 87 active portfolio companies at the end of Q1.
Non-accruals represented under 1% of the total portfolio on a fair value basis for the first quarter.
Looking ahead, the company expects a decline in Q2 originations and sees a gradual increase in transaction activity and M&A over 2023.
Fidus made two mezzanine investments in the last quarter and continues to actively look for such opportunities despite the market moving towards first-lien solutions.
Current non-accruals are seeing improving EBITDAs but remain a high risk.
在第一季度，Fidus投资公司主要通过并购交易向7家新的投资组合公司投资了9,460万美元。
截至第一季度末，该公司的投资组合包括87家活跃的投资组合公司。
按公允价值计算，第一季度非应计资产占总投资组合的1％以下。
展望未来，该公司预计第二季度发起量将下降，并预计到2023年交易活动和并购将逐渐增加。
Fidus在上个季度进行了两次夹层投资，尽管市场转向第一留置权解决方案，但仍在积极寻找此类机会。
当前的非应计利息税折旧摊销前利润有所改善，但风险仍然很高。
More details: Fidus Investment IR
更多详情： Fidus 投资投资者关系
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。