Onex reports Q3 EPS 57c vs. $1.68 last year

“Onex (ONEXF)’ third quarter results reflect ongoing progress across the business,” said Bobby Le Blanc, CEO and President. “Our Private Equity teams continue to return meaningful capital to investors through strategic realizations, while planting the seeds for future growth through new investments. Our Credit team had another strong quarter bringing total capital raised or extended this year to more than $10 billion. The acquisition of Convex and strategic relationship with AIG represent a step change in the evolution of Onex that will position it for continued growth, accelerate the near-term profitability of our asset management platform, and enhance the efficiency of our balance sheet. I am confident that working together with these world-class organizations, we will be able to create significant value for all our stakeholders.”