Clairvest (CVG) Q4 2026 earnings summary

Executive summary

• Book value per share grew 10.5% year-over-year to $96.60 as of March 31, 2026, inclusive of dividends.

• Fiscal 2026 net income was $112 million ($8.04 per share), with Q4 net income at $62.3 million ($4.56 per share).

• Major investment realizations included the sale of Acera Insurance and Star Waste, generating strong multiples on invested capital.

• Three new investments totaling $271.2 million were completed in Q1 fiscal 2027.

Financial highlights

• Net investment gain for fiscal 2026 was $140.9 million, up from $15.2 million in 2025.

• Book value increased to $1.293 billion from $1.252 billion year-over-year.

• Total assets reached $1.48 billion as of March 31, 2026.

• Cash, cash equivalents, and temporary investments totaled $324.9 million, representing 30% of book value.

• 784,700 shares were repurchased and cancelled during the year for $57.7 million, accretive to book value per share.

Outlook and guidance

• Focus remains on disciplined capital deployment in North America, leveraging a strong investment pipeline.

• Continued momentum in CEP VII fund with multiple new investments signed and closed.