Golub Capital Middle Market Report
Featuring the Golub Capital Altman Index
Revenue in the U.S. Middle Market Grew by 8.94% in Q2 2017, According to the Golub Capital Middle Market Report
Overall earnings grew by 2.29% during the first two months of the quarter
Index provides early insight into financial performance of public companies and GDP in advance of earnings season
Golub Capital Altman Index Highlights
|Key Sectors Q2 2017||Revenues||Earnings|
Lawrence E. Golub, CEO of Golub Capital, said:
Middle market companies showed strong profit growth in the second quarter of 2017, after three quarters of modest year-over-year declines. Although a tight labor market continues to put pressure on margins, the improvement in earnings suggests that the middle market firms in our sample were more effective at cost control than in prior quarters. Across sectors, revenue growth was consistent with the healthy pace of growth in the first quarter of 2017. The Technology sector once again led revenue growth, benefiting from continued demand for productivity enhancing technology. In aggregate, the Golub Capital Altman Index results for the second quarter of 2017 are consistent with a 2-3% rate of U.S. GDP growth.
About the Golub Capital Altman Index
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- The Golub Capital Altman Index (GCAI) data for Q2 2021 are presented solely for the purpose of continuity. Readers are encouraged to interpret the data from those periods with caution. The GCAI is designed to offer early insight into the performance of the U.S. economy, based on data from the first two months of each calendar quarter. GCAI results for Q2 2021 were based on data from April and May 2021 compared to April and May 2020, when many businesses were affected by lockdowns and other restrictions.
- Effective Q2 2022, the Golub Capital Altman Index (GCAI) excludes Golub Capital portfolio companies that have recurring revenue-based credit facilities. The data referenced herein may not reflect all companies in the loan portfolio of Golub Capital during the time periods indicated.