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HomeBank CapitalAres Capital (ARCC) Q1 2021 Earnings Call Transcript

Ares Capital (ARCC) Q1 2021 Earnings Call Transcript

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Ares Capital (NASDAQ:ARCC)
Q1 2021 Earnings Call
Apr 28, 2021, 11:00 a.m. ET


  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:


Good morning. Welcome to Ares Capital Corporation’s first-quarter Ended March 31st, 2021 earnings conference call. [Operator instructions] As a reminder, this conference is being recorded on Wednesday, April 28th, 2021. I will now turn the call over to Mr.

John Stilmar, managing director of Ares Investor Relations. Please go ahead.

John StilmarInvestor Relations

Thank you. Let me start with some important reminders. Comments made during the course of this conference call and webcast as well as the accompanying documents contain forward-looking statements and are subject to risks and uncertainties. The company’s actual results could differ materially from those expressed in such forward-looking statements for any reason, including those listed in its SEC filings.

Ares Capital Corporation assumes no obligation to update any such forward-looking statements. Please also note that the past performance or market information is not a guarantee of future results. During this conference call, the company may discuss certain non-GAAP measures as defined by SEC Regulation G, such as core earnings per share or core EPS. The company believes that core EPS provides useful information to investors regarding financial performance because it’s one method the company uses to measure its financial condition and results of operation.

A reconciliation of core EPS to the net per share increase or decrease in shareholders’ equity resulting from the operations, the most directly comparable GAAP financial measure, can be found in the accompanying slide presentation for this call. In addition, reconciliation of these measures may also be found in our earnings release filed this morning with the SEC on Form 8-K. Certain information discussed in this conference call and the accompanying slide presentation, including information related to portfolio companies, was derived from third-party sources and has not been independently verified. And accordingly, the company makes no representations or warranties with respect to this information.

The company’s first quarter ended March 31, 2021 earnings presentation can be found on the company’s website at by clicking on the first-quarter 2021 earnings presentation link on the homepage of the Investor Resources section of the website. Ares Capital Corporation’s earnings release and 10-Q are also available on the company’s website. I will now turn the call over to Mr. Kipp DeVeer, Ares Capital Corporation’s chief executive officer.

Kipp DeVeerChief Executive Officer

Thanks, John. Hello, everyone, and thank you for joining us. I’m here with our co-presidents, Mitch Goldstein and Michael Smith; our chief financial officer, Penni Roll; and several other members of…

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