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 Q4 2021

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 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.

Capital Southwest reports robust Q1 performance and strategic growth outlook

Capital Southwest's Q1 2025 performance reflects strong income generation, active portfolio management, and robust capital raising capabilities.
The company's strengths lie in its conservative financial approach, consistent dividend growth, and exposure to equity upside for shareholders.
While facing challenges in balancing risk management and potential returns, Capital Southwest has opportunities for portfolio expansion, market positioning, and capital protection.
Investors should note the company's solid performance, financial stability, and strategic positioning for long-term growth and value creation.

Capital Southwest reports robust Q2 performance amidst competitive lending landscape

Capital Southwest delivered strong performance in Q2 2025, navigating challenges from competitive lending environments. The company's strategic focus on dividend growth, credit performance, and capital access positions it well for future growth and investment opportunities.

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DALLAS, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (NASDAQ: CSWC) (“Capital Southwest” or the “Company”) is pleased to announce that it has priced an underwritten public offering of an additional $65 million in aggregate principal amount of 4.50% notes due 2026 (the “Notes”). The Notes will be issued at a price of 102.11% of the aggregate principal amount of the Notes, resulting in a yield-to-maturity of approximately 4.0%.

Capital Southwest Corporation Prices Public Offering of Additional $65 million of 4.50% Notes due 2026 with a Yield-to-Maturity of Approximately 4.0%

The U.S. economy is set to see a big boost as vaccines roll out and the stimulus kicks in. The financial sector is set to be a big beneficiary. CSWC is an internally-managed BDC with a strong track record.

Bank On The U.S. Economy With 10% Yield, Insiders Buying: Capital Southwest

When the pandemic hit last year, this higher-yield sector took a huge pricing hit with dividend yields soaring to 30% to 40%.

Growing Dividends During A Pandemic: Capital Southwest

Quarterly net investment income rose 20% year-over-year, and total investment income rose 19%.

Capital Southwest: 11% Yield, Increased Dividend For March

DALLAS, Feb. 03, 2021 (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 2020 dividends.

Capital Southwest Announces Federal Tax Treatment of 2020 Dividends

Southwest Airlines

Capital Southwest Corporation (CSWC) CEO Bowen Diehl on Q3 2021 Results - Earnings Call Transcript

CSWC Reports Pre-Tax Net Investment Income of $0.52 Per Share CSWC Reports Pre-Tax Net Investment Income of $0.52 Per Share

Capital Southwest Announces Financial Results for Third Fiscal Quarter Ended December 31, 2020 and Announces Increase in Total Dividends to $0.52 per share for the Quarter Ended March 31, 2021

Capital Southwest (CSWC) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Earnings Season Could Be Great for Capital Southwest (CSWC)

Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, February 2, 2021 Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, February 2, 2021

Capital Southwest Announces Third Quarter Fiscal Year 2021 Earnings Release and Conference Call Schedule

DALLAS, Jan. 19, 2021 (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 O2 Investment Partners, LLC's (“O2”) significant investment in Flip Electronics, LLC (“Flip” or the “Company”) with a first lien term loan and equity co-investment. Capital Southwest serves as the term loan agent on the credit facility. PNC Bank is a first-out lender in the term loan and provided a revolving credit facility. Main Street Capital Corporation (NYSE: MAIN) is also a last-out lender in the term loan.

Capital Southwest Supports O2 Investment Partners' Investment in Flip Electronics, LLC

DALLAS, Dec. 29, 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 Amware Fulfillment, LLC's (“Amware”) acquisition of Moulton Logistics (“Moulton” or the “Target”) with an incremental senior secured first lien term loan. Amware has been a portfolio company of Capital Southwest since 2016.

Amware, a Capital Southwest Corporation Portfolio Company, Announces Acquisition of Moulton Logistics Management

DALLAS, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Capital Southwest Corporation (NASDAQ: CSWC) (“Capital Southwest”) is pleased to announce that it has priced an underwritten public offering of $75 million in aggregate principal amount of 4.50% notes due 2026 (the “Notes”). The Notes will bear interest at a rate of 4.50% per year, payable semi-annually, will mature on January 31, 2026 and may be redeemed in whole or in part at Capital Southwest's option at any time prior to October 31, 2025, at par plus a “make-whole” premium, and thereafter at par. The offering is subject to customary closing conditions and is expected to close on December 29, 2020.

Capital Southwest Corporation Prices Public Offering of $75 million 4.50% Notes due 2026

DALLAS, Dec. 17, 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 recently supported the acquisition of Broad Sky Networks, Inc. (“Broad Sky”) by IntelliSite Corporation (“IntelliSite”), a portfolio company of DFW Capital Partners (“DFW”). Concurrent with the acquisition, IntelliSite created a new international, technology-focused, holding company EPIC IO Technology (“EPIC IO”) comprised of Broad Sky and IntelliSite as independent subsidiaries. CSWC supported the transaction with a first lien financing in Broad Sky and an equity co-investment in EPIC IO. Capital Southwest led the financing transaction and serves as the sole administrative agent on the credit facility.

Capital Southwest Supports IntelliSite's Acquisition of Broad Sky Networks

DALLAS, Dec. 09, 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 Mountaingate Capital's (“Mountaingate”) investment in Acceleration Partners LLC (“Acceleration Partners” or the “Company”) with a senior secured first lien term loan and delayed draw facility, as well as a minority equity investment. Capital Southwest led the financing. East West Bank provided a revolver and was a minority co-lender in the term loan and delayed draw facility.

Capital Southwest Supports Mountaingate Capital's Investment in Acceleration Partners

We look for BDCs with good company performance but lagging share price. CSWC is an "under the radar" BDC that remade itself five years ago.

Rare Opportunity With 13% Yield: Capital Southwest

CSWC had a good fiscal Q2 (period ending 9/30/20). Investment gains rose 4X, to $8.4M vs. $2.1M in fiscal Q1 (period ending 6/30/20), and NAV/Share rose ~3% to $15.36.

Capital Southwest: 13% Yield, Steady Dividend For December

Capital Southwest Corp. (CSWC) CEO Bowen Diehl on Q2 2021 Results - Earnings Call Transcript

Capital Southwest (CSWC) delivered earnings and revenue surprises of 15.38% and 6.33%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Capital Southwest (CSWC) Q2 Earnings and Revenues Surpass Estimates

CSWC Reports Pre-Tax Net Investment Income of $0.44 Per Share and Estimates Undistributed Taxable Income at Quarter End of $1.19 Per Share CSWC Reports Pre-Tax Net Investment Income of $0.44 Per Share and Estimates Undistributed Taxable Income at Quarter End of $1.19 Per Share

Capital Southwest Announces Financial Results for Second Fiscal Quarter Ended September 30, 2020 and Announces Total Dividends of $0.51 per share for the Quarter Ended December 31, 2020

DALLAS, Oct. 28, 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 Cohere Capital's (“Cohere”) recent investment in Sonobi, Inc. (“Sonobi” or the “Company”) with a 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.

Capital Southwest Supports Cohere Capital's Investment in Sonobi

Call Scheduled for 11:00 a.m. Eastern Time on Monday, November 2, 2020 Call Scheduled for 11:00 a.m. Eastern Time on Monday, November 2, 2020

Capital Southwest Announces Second Quarter Fiscal Year 2021 Earnings Release and Conference Call Schedule

13% Yield, SBA Green Light, Selling At Book Value: Capital Southwest Corp.

DALLAS, Aug.  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 Align Capital Partners’ (“ACP”) recent acquisition of Electronic Transaction Consultants Corporation (“ETC” or the “Company”) from Italian parent company Atlantia SpA 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 (NYSE: MAIN) and Principal Global Investors, LLC (an affiliate of Principal Financial Group, Nasdaq: PFG) were co-lenders on the term loan and the revolving credit facility.  

Capital Southwest Supports Align Capital Partners’ Acquisition of Electronic Transaction Consultants

DALLAS, Aug.  12, 2020  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (NASDAQ: CSWC) (“Capital Southwest”) is pleased to announce that it has priced an underwritten public offering of an additional $50.0 million in aggregate principal amount of 5.375% notes due 2024 (the “Notes”). The Notes are being issued at 100% of the principal amount per Note, resulting in a yield-to-maturity of 5.373%.

Capital Southwest Corporation Prices Public Offering of $50.0 million of 5.375% Notes due 2024

DALLAS, Aug.  05, 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 recently supported the acquisition of WaterSmart by Vertex Business Services (“VertexOne”) with first lien financing and equity co-investment.  Capital Southwest serves as administrative agent on the credit facility. East West Bank is a first out lender in the term loan and provides a revolving credit facility.

News for Capital Southwest Stock (CSWC)