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

Earnings data Q1 2022

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Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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, 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

Capital Southwest (CSWC) delivered earnings and revenue surprises of -11.63% and -0.38%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Capital Southwest (CSWC) Lags Q2 Earnings and Revenue Estimates

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.

Capital Southwest (CSWC) Reports Next Week: Wall Street Expects Earnings Growth

TCG BDC

Interest rates will likely remain low, and investors will continue to need equity investments to generate an adequate yield from their portfolios.

Building A Retirement Portfolio With 6% To 9% Yield: Part 2

DALLAS, Sept.  24, 2019  (GLOBE NEWSWIRE) -- Capital Southwest Corporation (NASDAQ: CSWC) (“Capital Southwest”) is pleased to announce that it has priced an underwritten public offering of $65 million in aggregate principal amount of 5.375% notes due 2024. The notes will bear interest at a rate of 5.375% per year, payable semi-annually, will mature on October 1, 2024 and may be redeemed in whole or in part at Capital Southwest’s option at any time prior to July 1, 2024, 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 September 27, 2019.

Capital Southwest Corporation Prices Public Offering of $65 million 5.375% Notes due 2024

Southwest Airlines

Capital Southwest Corp (CSWC) CEO Bowen Diehl on Q1 2020 Results - Earnings Call Transcript

Capital Southwest (CSWC) delivered earnings and revenue surprises of 2.44% and 6.03%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Capital Southwest (CSWC) Q1 Earnings and Revenues Surpass Estimates

Capital Southwest (CSWC) CEO Bowen Diehl on Q4 2019 Results - Earnings Call Transcript

Capital Southwest (CSWC) delivered earnings and revenue surprises of 0.00% and 0.41%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Capital Southwest (CSWC) Meets Q4 Earnings Estimates

On Monday, June 3, Capital Southwest (NASDAQ: CSWC) will release its latest earnings report.

News for Capital Southwest Stock (CSWC)