Onity Group reports Q2 EPS $2.40, consensus $2.02

Reports Q2 revenue $246.6M, consensus $252.9M. “We reported another strong quarter with sustained profitability and steady growth, demonstrating the resilience of our business model, sound strategy and high-caliber execution,” said Onity Group (ONIT) Chair, President and CEO Glen Messina. “Despite market challenges, we continue to achieve results in Servicing and Originations, with a growing servicing portfolio, originations volume that is exceeding the industry growth rate, and a high-performing recapture platform. We remain committed to delivering strong shareholder returns as we navigate the future with agility. We believe our balanced and diversified business is built to perform through market cycles, driven by our technology-enabled, low-cost, award-winning platform.”