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ONEX Corporation (TSE:ONEX)
TSX:ONEX
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 09, 2025
|% Change Since: 4.05%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong fundraising achievements, a profitable WestJet transaction, and growth in fee-generating AUM. Despite these positives, challenges such as a slowdown in M&A activity and market volatility due to global trade concerns were noted. Overall, the highlights outweigh the lowlights, indicating a positive sentiment.Company Guidance
During the first quarter of 2025, Onex Corporation provided guidance reflecting a solid start to the year, with a focus on long-term value creation and strategic initiatives. Key financial metrics highlighted include a 3% increase in investing capital per share to $116.97, with a 9% increase over the past year. The private equity portfolio returned 2% in the quarter, outperforming the MSCI World MidCap Index, which was essentially flat. Onex announced a 25% sale of its equity investment in WestJet, achieving a significant premium of over 25% to the current NAV, while retaining 75% ownership. The company successfully raised $1.2 billion for its Onex Partners Opportunities Fund and $1.3 billion for ONCAP V, with the latter increasing third-party capital by 54% from the previous fund. Onex's Credit team executed 10 CLO transactions, raising $2.5 billion in new fee-generating AUM, contributing to a total of $37 billion in fee-generating AUM by the end of the quarter. These efforts underscore Onex's commitment to compounding NAV, increasing fee-related earnings, and returning capital to shareholders through share buybacks, facilitated by a large discount to NAV.Successful Fundraising Achievements
Onex Partners closed its Opportunities Fund with $1.2 billion in commitments, exceeding the initial target. ONCAP V also had a successful final closing with $1.3 billion in commitments, increasing third-party capital by 54%.
WestJet Transaction
Onex announced a 25% sale of its equity investment in WestJet to Delta, Korean Air, and Air France KLM, at more than a 25% premium to the current NAV, fully realizing the original cost.
Growth in Fee-Generating Assets Under Management (AUM)
The Credit team executed 10 CLO transactions, raising $2.5 billion of new fee-generating AUM and resetting $1.8 billion of AUM. Total fee-generating AUM increased by 5% to $37 billion.
Strong Credit Performance
Credit investments delivered an $11 million net gain (1% return) in Q1, with structured credit strategies contributing significantly.
Share Buyback Program
Onex repurchased 1.4 million shares in Q1 and 800,000 additional shares in April, capitalizing on market volatility to buy shares below NAV.
TSE:ONEX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:ONEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 09, 2025 | C$101.90 | C$103.22 | +1.30% |
Feb 21, 2025 | C$110.00 | C$104.91 | -4.63% |
Nov 08, 2024 | C$108.54 | C$110.91 | +2.18% |
Aug 08, 2024 | C$87.65 | C$87.35 | -0.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does ONEX Corporation (TSE:ONEX) report earnings?
ONEX Corporation (TSE:ONEX) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is ONEX Corporation (TSE:ONEX) earnings time?
ONEX Corporation (TSE:ONEX) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:ONEX EPS forecast?
Currently, no data Available