Capital Southwest

Capital Southwest is a publiclyâ€“owned business development company with total assets of $496 million as of June 30, 2010. We provide patient capital to exceptional businesses with significant growth potential. As a public company, we have the flexibility to hold investments indefinitely, which has provided the management teams of our holdings a stable ownership platform since we were founded in 1961.  We are not a private equity firm or a venture capital firm or a fund. Capital Southwest is a business development company with a refreshingly different investment mindset.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

CSWC reports strong Q1 2023 performance and navigates investment challenges

CSWC's Q1 2023 performance reflects robust growth and a strengthened balance sheet. While facing challenges related to rate hikes and downgraded investments, the company is well-positioned to capitalize on opportunities for NII expansion and maintaining a strong balance sheet. The outlook remains positive for the next quarter's update.

CSWC reports strong Q2 performance and anticipates solid portfolio growth

CSWC's Q2 2023 performance reflects strong financial results, with increased net investment income and total investment income. The company's robust asset base, strong credit rating, and flexible capital structure position it well for future growth. While challenges related to market volatility exist, CSWC sees opportunities for portfolio expansion and investment in high-quality deals.

Capital Southwest (CSWC) reports robust Q3 performance and strategic opportunities

Capital Southwest demonstrated strong financial performance and portfolio growth in Q3 2023, with a focus on dividend growth and maintaining a robust liquidity position.
Challenges in underwriting certain industries and navigating economic uncertainties require caution and adaptability in investment decisions.
Opportunities lie in investing in higher-quality companies, potential refinancing in 2024, and maintaining a sustainable dividend payout for investors.

Capital Southwest reports robust Q4 earnings and strategic growth outlook

Capital Southwest delivered strong financial results, showcasing growth in portfolio value and investment income, supported by a prudent dividend policy and strategic acquisitions.
While facing challenges such as interest rate fluctuations and portfolio quality concerns, the company remains well-positioned to capitalize on opportunities for NII expansion and credit rating enhancement.
By maintaining a focus on lower middle market lending and proactive balance sheet management, Capital Southwest aims to navigate uncertainties and drive sustainable growth in the upcoming quarters.
The earnings call highlighted the company's commitment to financial stability, dividend consistency, and strategic decision-making, reinforcing investor confidence in its long-term prospects.

Capital Southwest reports strong Q1 performance and growth opportunities

Capital Southwest's Q1 2024 performance showcased growth in net investment income, portfolio, and balance sheet strength.
Despite challenges in regulatory leverage and dividend distribution, the company's strong track record and credit rating position it well.
Opportunities lie in strategic investments, market expansion, and optimizing capital structure for sustained growth.
Overall, Capital Southwest's performance reflects resilience, stability, and a focus on value creation in a competitive landscape.

Capital Southwest reports strong Q2 earnings and growth opportunities

Capital Southwest delivered strong financial performance with increased income and dividend payouts.
While facing challenges such as downgraded companies and restructuring, the company remains optimistic about future prospects.
Opportunities lie in growth potential, balance sheet improvement, and enhanced income generation through portfolio yield increases.
Overall, Capital Southwest's strategic focus on lending and solid portfolio performance positions it well for future success.

Capital Southwest (CSWC) reports robust Q3 performance and growth outlook

Capital Southwest delivered a strong Q3 performance with notable increases in income metrics and NAV per share, reflecting operational excellence and financial strength.
Despite challenges from increased M&A activity and market competition, the company's focus on balance sheet strength, dividend growth, and strategic financing positions it well for future growth.
Opportunities lie in expanding commitments, stable spreads, optimizing capital structure, and leveraging PIK income for enhanced returns, signaling a positive outlook for Capital Southwest.
Analyst questions addressed key areas of concern, including M&A trends, credit quality, leverage targets, and dividend outlook, providing insights into the company's strategic direction and financial health.

Capital Southwest (CSWC) posts robust Q4 performance amidst market challenges

Capital Southwest (CSWC) delivered strong financial results in Q4 2024, marked by portfolio growth, increased dividends, and successful capital raising activities. While facing challenges in a competitive market environment, the company maintains a focus on conservative leverage and operational efficiency. Looking ahead, opportunities lie in strategic partnerships and organic growth initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

DALLAS, June  22, 2020  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC) announced today that, due to the public health impact of the coronavirus outbreak (COVID-19) and related health and travel concerns, it has changed the format of its 2020 Annual Meeting of Shareholders (the "Annual Meeting") from a physical in-person meeting to a virtual-only format. The Annual Meeting will still be hosted on July 29, 2020 at 9:00 a.m. Dallas time.

Capital Southwest Announces Virtual 2020 Annual Meeting of Shareholders

DALLAS, June  11, 2020  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported Coastal Television Broadcasting Holdings LLC and its affiliates’ (“Coastal TV” or the “Company”) recent acquisitions of stations controlled by Wyoming Media Group (collectively, “WMG”) with  term loans and a revolving credit facility. Capital Southwest led the financing transaction and will act as the sole administrative agent on the credit facilities. Main Street Capital Corporation (NYSE:MAIN) was a co-investor in the credit facilities.

Capital Southwest Supports Coastal Television Broadcasting’s Acquisition of Wyoming Media Group

DALLAS, June  02, 2020  (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, announced today that it supported Osceola Capital’s (“Osceola”) recapitalization of Central Medical Group (“CMG” or the “Company”) with a senior secured first lien term loan, revolver and capex line, as well as a minority equity investment.  Capital Southwest led the financing and will act as the sole administrative agent on the credit facilities.

Capital Southwest Supports Osceola Capital’s Recapitalization of Central Medical Group

Southwest Airlines

Capital Southwest (CSWC) CEO Bowen Diehl on Q4 2020 Results - Earnings Call Transcript

Capital Southwest (CSWC) delivered earnings and revenue surprises of 2.56% and -3.21%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Capital Southwest (CSWC) Surpasses Q4 Earnings Estimates

CSWC Reports Pre-Tax Net Investment Income of $0.40 Per Share for the Quarter Ended March 31, 2020 CSWC Reports Pre-Tax Net Investment Income of $0.40 Per Share for the Quarter Ended March 31, 2020

Capital Southwest Announces Financial Results for Fourth Quarter and Fiscal Year Ended March 31, 2020 and Announces Total Dividends of $0.51 Per Share for the Quarter Ended September 30, 2020

Capital Southwest (CSWC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Capital Southwest (CSWC) Q4 Earnings Expected to Decline

BDCs Continue To Affirm Dividends: Capital Southwest At 15%

Regular Dividend of $0.41 Per Share and Supplemental Dividend of $0.10 Per Share Regular Dividend of $0.41 Per Share and Supplemental Dividend of $0.10 Per Share

Capital Southwest Announces Dividend of $0.51 per Share for Quarter Ended June 30, 2020

Agree Realty

Ares Capital

Main Street Capital

National Health Investors

Prosperity Bancshares

B. Riley Financial

W. P. Carey

Invest Alongside Insiders In These Dividend Stocks

DALLAS, March  26, 2020  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest” 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 the Company will withdraw its voluntary redemption of $35,000,000 in principal of the $77,136,175 in aggregate principal amount of issued and outstanding 5.95% Notes due 2022 (the “December 2022 Notes”) previously scheduled to be redeemed on April 3, 2020. 

Capital Southwest Withdraws its Voluntary $35 Million Partial Redemption on December 2022 Notes

DALLAS, March  19, 2020  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest” 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 an increase of its Senior Secured Credit Facility (the “Credit Facility”) from $295 million to $325 million. The $30 million increase in total commitments was the result of the addition of a new lender, bringing the total lender group to 11 participants. The increase was executed under the accordion feature of the Credit Facility, which allows for an increase in total commitments under the facility from new and existing lenders on the same terms and conditions as the existing commitments in an amount up to $350 million. 

Capital Southwest Increases Credit Facility to $325 Million

DALLAS, Feb.  05, 2020  (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, announced today the tax treatment of its 2019 dividends and a $0.90 deemed distribution to shareholders of record as of December 31, 2019.

Capital Southwest Announces Federal Tax Treatment of 2019 Dividends and Deemed Distribution of $0.90 per share

Capital Southwest Corp. (CSWC) CEO Bowen Diehl on Q3 2020 Results - Earnings Call Transcript

Capital Southwest (CSWC) delivered earnings and revenue surprises of -7.14% and 4.13%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Capital Southwest (CSWC) Q3 Earnings Lag Estimates

Artisan Partners Asset Management

Banco Macro

Janus Henderson Group

Top Ranked Income Stocks to Buy for January 30th

DGI Capital Southwest Yielding 9.5% Before Upcoming Increases

DALLAS, Jan.  14, 2020  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported Long Ridge Equity Partners’ (“Long Ridge”) recent majority growth investment of NinjaTrader Group, LLC (“NinjaTrader” or the “Company”) with a revolver, first lien term loan and equity co-investment.  Capital Southwest led the financing transaction and will act as the sole administrative agent on the credit facility. Main Street Capital Corporation (“Main Street”) (NYSE: MAIN), was its co-lender on the term loan and revolving credit facility.  

Capital Southwest Supports Long Ridge Equity Partners’ Majority Growth Investment of NinjaTrader

DALLAS, Jan.  13, 2020  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported Cotton Creek Capital’s (“Cotton Creek”) recent acquisition of Landpoint, LLC and all of the Company’s subsidiaries, which include King Surveyors, LLC and West Company of Midland, LLC (collectively “Landpoint”) with a senior secured first lien term loan.  Capital Southwest led the financing and will act as the sole administrative agent on the credit facility.

Capital Southwest Supports Cotton Creek Capital’s Acquisition of Landpoint

DALLAS, Nov.  26, 2019  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported Rotunda Capital Partners’ (“RCP”) recent recapitalization of Trinity3 Technology (“Trinity3” or the “Company”) with a term loan and equity co-investment.  Capital Southwest led the financing transaction and will act as the sole administrative agent on the credit facility.

Capital Southwest Supports Rotunda Capital Partners’ Recapitalization of Trinity3

$1.25 Total Dividends declared for the quarter ended December 31, 2019 $1.25 Total Dividends declared for the quarter ended December 31, 2019

Capital Southwest Announces Special Dividend of $0.75 Per Share

DALLAS, Nov.  25, 2019  (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 that it closed the sale of Media Recovery, Inc. (“MRI”), d/b/a SpotSee, on November 25, 2019.  Capital Southwest originally invested $5.4 million in MRI in November 1997.  The sale transaction resulted in total value to Capital Southwest, in the form of cash and a potential earnout, generally in line with the most recent quarterly valuation.

Capital Southwest Announces Sale of Media Recovery

DALLAS, Nov.  20, 2019  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported LKCM Headwater Investments (“LKCM”), the private investment arm of Luther King Capital Management, in its recent refinancing of ICS Distribution, LLC d/b/a Relevant Rental (“Relevant” or the “Company”). Capital Southwest led the financing transaction and serves as administrative agent on the term loan.

Capital Southwest Supports LKCM Headwater’s Refinancing of Relevant Rental

DALLAS, Nov.  11, 2019  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (“Capital Southwest”) (Nasdaq:CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced today that it supported the recent recapitalization of GrammaTech, Inc. (“GrammaTech”) by Five Points Capital, Pleasant Bay Capital, Crescendo Capital, new CEO Mike Dager, and existing management. Capital Southwest provided a revolving line of credit, a first lien term loan, and made an equity co-investment. Capital Southwest will act as the sole investor and administrative agent for the credit facility.

Capital Southwest Supports Five Points Recapitalization of GrammaTech

Capital Southwest Corp. (CSWC) CEO Bowen Diehl on Q2 2020 Results - Earnings Call Transcript

News for Capital Southwest Stock (CSWC)