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

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

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.

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

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

Southwest Airlines

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.

Capital Southwest Supports VertexOne’s Acquisition of WaterSmart

Capital Southwest (CSWC) CEO Bowen Diehl on Q1 2021 Results - Earnings Call Transcript

Capital Southwest (CSWC) delivered earnings and revenue surprises of 0.00% and 0.40%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Capital Southwest (CSWC) Matches Q1 Earnings Estimates

Shares of Capital Southwest (NASDAQ:CSWC) were unchanged in after-market trading after the company reported Q1 results.

Capital Southwest: Q1 Earnings Insights

CSWC Reports Pre-Tax Net Investment Income of $0.40 Per Share CSWC Reports Pre-Tax Net Investment Income of $0.40 Per Share

Capital Southwest Announces Financial Results for First Fiscal Quarter Ended June 30, 2020

DALLAS, July  30, 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, announced today that the U.S. Small Business Administration (the “SBA”) has issued a “green light” letter inviting Capital Southwest to file its application to obtain a license to operate a Small Business Investment Company (“SBIC”) subsidiary. 

Capital Southwest Receives “Green Light” Letter from the U.S. Small Business Administration to Form New SBIC Subsidiary

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.

Analysts Estimate Capital Southwest (CSWC) to Report a Decline in Earnings: What to Look Out for

Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, August 4, 2020 Call Scheduled for 11:00 a.m. Eastern Time on Tuesday, August 4, 2020

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

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

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

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

BDCs Continue To Affirm Dividends: Capital Southwest At 15%

News for Capital Southwest Stock (CSWC)