New Mountain Finance (NMFC) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Company Participants John Kline - President, Director & CEOKris Corbett - CFO & TreasurerSteven Klinsky - Founder and CEO & Chairman of NMFCLaura Holson - Chief Operating OfficerArthur Winston - CEO, COO & Limited Partner Conference Call Participants Finian O'shea - AnalystRobert Dodd - Analyst Operator Good day, and welcome to the New Mountain Finance Corporation First Quarter twenty twenty five Earnings Conference Call. All partici ...

New Mountain Finance (NMFC) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Speaker0 Good day, and welcome to the New Mountain Finance Corporation First Quarter twenty twenty five Earnings Conference Call. All participants will be in listen only mode. Please note this event is being recorded. I would now like to turn the conference over to Mr. John Klein, President and Chief Executive Officer. Please go ahead. Speaker1 Thank you, and good morning, everyone. Welcome to New Mountain Finance Corporation's first ...

May 6, 2025 14 Important Notices and Safe Harbor Statement This presentation contains forward looking statements, which are not guarantees of future performance, conditions or results, and involve substantial risks and uncertainties, including the current conflict between Russia and Ukraine, conflict in the Middle East, and related changes in base interest rates and significant volatility on our business, portfolio companies, our industry, the global economy, and uncertainty associated with the imposition o ...

New Mountain Finance (NMFC) came out with quarterly earnings of $0.32 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this business development company would post earnings of $0.33 per share when it actually produced earnings of $0.32, delivering a surprise of -3.03%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ý Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2025 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 | Commission | Exact name of registrant as specified in its charter, address of principal executive | I.R.S. Employer | | --- | --- | --- | | File Number | offices, telephone numbers and states or other ...

New Mountain Finance Corporation Announces Financial Results for the Quarter Ended March 31, 2025 Reports First Quarter Net Investment Income of $0.32 per Share and Declares a Second Quarter Distribution of $0.32 per Share NEW YORK--(BUSINESS WIRE) — May 5, 2025 -- New Mountain Finance Corporation (NASDAQ: NMFC) ("New Mountain," "New Mountain Finance" or the "Company") today announced its financial results for the quarter ended March 31, 2025. First Quarter and Recent Highlights 1 | ($ in millions, except p ...

A financial researcher and avid investor with a keen eye for innovation and disruption, as well as growth buy-outs and value stocks. Keeping an eye on the pace of high tech and early growth companies, I write about current events and the biggest news surrounding the industry, and strive to provide readers with ample research and investment opportunities.Analyst’s Disclosure: I/we have a beneficial long position in the shares of NMFC either through stock ownership, options, or other derivatives. I wrote this ...

财务数据和关键指标变化 - 第四季度调整后净投资收入为每股0.32%，覆盖了12月31日以现金支付的每股0.32%的常规股息 [8] - 每股净资产值为12.55%，较上一季度下降0.07%或0.6% [8] - 2024年全年总投资收入3.71亿美元，较上一年下降1%；总净费用2.25亿美元，较上一年增加4% [50] - 第四季度总投资收入9100万美元，较上一年下降2%；总净费用5700万美元，较上一年下降9% [49] - 第四季度调整后净投资收入为每股0.32%，覆盖了第四季度的常规股息 [50] 各条业务线数据和关键指标变化 - 第四季度新增3300万美元资产，被2.18亿美元的还款和销售所抵消，使杠杆率降至目标范围的中间水平 [38] - 截至第四季度，约75%的投资为优先性质，二级抵押债券占比从去年第四季度的15%降至本季度的7%，股权占比约8% [40] - 第四季度投资组合的平均收益率增至11% [42] 各个市场数据和关键指标变化 - 过去12 - 18个月利差收紧，直接贷款市场交易活动较少，银团市场竞争激烈 [32] - 预计2025年并购活动量将增加，但面临政治和监管方面的不确定性以及高基准利率环境的挑战 [34] - NMFC贷款组合86%为浮动利率、14%为固定利率，负债49%为浮动利率、51%为固定利率，预计未来12个月负债组合将转变为74%浮动利率、26%固定利率 [36] 公司战略和发展方向和行业竞争 - 投资策略聚焦防御性非周期性行业，寻求有持久增长动力、可预测收入流、稳定利润率和强大自由现金流转换能力的公司 [16] - 成功将投资组合调整为75%的优先资产，未来希望维持或增加这一比例 [20] - 优化负债的成本、期限和质量，预计未来12个月负债约75%为浮动利率，致力于构建高质量的无担保债券阶梯组合 [23] - 除出售部分UniTek股权外，预计未来还有出售某些股权的机会，同时保持谨慎的PIK收入水平 [24] 管理层对经营环境和未来前景的评论 - 2025年开局良好，UniTek交易符合战略优先事项，预计UniTek在公司领导下前景有显著改善 [9][11] - 直接贷款仍是有吸引力的资产类别，公司在防御性增长领域有机会获得9% - 10%的无杠杆回报 [33] - 尽管市场存在不确定性，但公司认为自身处于有利地位，信贷选择至关重要 [35] 其他重要信息 - 2月25日出售UniTek Global Services部分股权给BTG Pactual Strategic Capital，BTG投资9000万美元，UniTek估值约3.7亿美元，公司通过赎回相关债权获得4200万美元，同时仍持有31%的股权 [10] - 新山资本的私募股权基金从未出现破产或利息支付违约情况，公司管理资产超550亿美元 [12] - 公司自上市近14年来平均年化净实现损失率仅12个基点，累计支付股息近每股19美元 [12] 总结问答环节所有的提问和回答 问题: UniTek部分变现时的企业价值与第四季度估值相比如何 - 与第四季度估值相比略高，整体基本相符或略高 [61][62] 问题: 在市场存在不确定性、年初市场活动较慢的情况下，如何看待UniTek以及降低PIK敞口的目标 - 认为今年市场会活跃，虽开局较慢，但有信心在第一季度展示降低PIK头寸的进展，且市场环境未改变战略目标 [64][65] 问题: 增加优先资产时，第一留置权、贷款基金和净租赁之间的组合是否保持不变 - 可以认为在该类别内组合将保持不变 [67][68] 问题: 市场利差似乎已稳定，这是暂时现象还是已触底，以及投资组合中还有多少可能面临重新定价的风险 - 利差已稳定，Unitranche目前在450 - 500区间波动，预计并购活动增加时利差将回升；投资组合中大部分可能重新定价的交易已完成，对此比较有信心 [69][71][73]

New Mountain Finance Corporation (NASDAQ:NMFC) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants John Kline - President and CEO Steve Klinsky - Chairman and CEO, New Mountain Capital Laura Holson - Chief Operating Officer Kris Corbett - Chief Financial Officer and Treasurer Conference Call Participants Robert Dodd - Raymond James Operator Good day, and welcome to the New Mountain Finance Corporation's Fourth Quarter 2024 Earnings Call. All participants will be in a listen-o ...

文章核心观点 - 纽山金融（New Mountain Finance）季度财报未达预期，其股价短期走势取决于管理层财报电话会议评论，投资者可关注公司盈利前景和行业前景判断股票走向 [1][3][4] 纽山金融（New Mountain Finance）业绩情况 - 该公司本季度每股收益0.32美元，未达Zacks共识预期的0.33美元，去年同期为0.40美元，此次财报盈利意外为 -3.03%；上一季度预期每股收益0.35美元，实际为0.34美元，盈利意外为 -2.86% [1] - 过去四个季度，公司未能超越共识每股收益预期；截至2024年12月季度营收9120万美元，未达Zacks共识预期2.36%，去年同期营收9280万美元；过去四个季度公司有两次超过共识营收预期 [2] 纽山金融（New Mountain Finance）股价表现 - 自年初以来，纽山金融股价上涨约6.2%，而标准普尔500指数涨幅为1.3% [3] 纽山金融（New Mountain Finance）未来展望 - 公司盈利前景可帮助投资者判断股票走向，实证研究表明近期股价走势与盈利预测修正趋势密切相关，投资者可借助Zacks Rank工具跟踪 [4][5] - 财报发布前，公司盈利预测修正趋势喜忧参半，目前股票Zacks Rank为3（持有），预计短期内表现与市场一致 [6] - 未来几个季度和本财年的盈利预测变化值得关注，下一季度共识每股收益预期为0.33美元，营收9156万美元；本财年共识每股收益预期为1.31美元，营收3.6211亿美元 [7] 行业情况 - 金融 - SBIC与商业行业在Zacks行业排名中处于前20%，研究显示排名前50%的行业表现优于后50%行业两倍多 [8] 同行业公司情况 - 同行业的Nuveen Churchill Direct Lending Corp.（NCDL）尚未公布2024年12月季度财报，预计2月27日发布 [9] - 该公司预计本季度每股收益0.58美元，同比变化 -12.1%，过去30天该季度共识每股收益预期未变；预计营收6180万美元，较去年同期增长26.3% [9][10]