Goldman Sachs BDC, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 07, 2024 at 04:41 pm EDT
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Goldman Sachs BDC, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 111.54 million compared to USD 107.4 million a year ago. Net income was USD 42.45 million compared to USD 28.06 million a year ago.
Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.27 a year ago.
Goldman Sachs BDC, Inc. is a specialty finance company focused on lending to middle-market companies. The Company seeks to generate current income and, to a lesser extent, capital appreciation primarily through direct originations of secured debt, including first lien, first lien/last-out unitranche and second lien debt, and unsecured debt, including mezzanine debt, as well as through select equity investments. It may also originate covenant-lite loans, which are loans with fewer financial maintenance covenants than other obligations, or no financial maintenance covenants. In addition to investments in United States middle-market companies, it may invest a portion of its capital in opportunistic investments, such as in large United States companies, foreign companies, stressed or distressed debt, structured products or private equity. It invests in various sectors, including automobiles, chemicals and financial services. Its investment advisor is Goldman Sachs Asset Management, L.P.