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ONEX Corporation (TSE:ONEX)
TSX:ONEX
Earnings Data
Report Date
May 09, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
9.31Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 21, 2025
|% Change Since: -13.59%
|Next Earnings Date:May 09, 2025
Earnings Call Sentiment|Positive
Onex had a strong performance in 2024, especially in its credit and structured credit segments, with significant capital return and fundraising successes. However, challenges in healthcare and consumer sectors, along with foreign exchange impacts and modest FRE losses, indicate areas to monitor. Overall, the company remains optimistic about growth opportunities in 2025.Company Guidance
During the Onex Fourth Quarter Earnings Results Conference Call, the company provided guidance indicating strong performance across its platforms in 2024 and positive momentum for 2025. Onex's private equity team successfully returned over $3 billion of capital to investors, including $1 billion to Onex, a 2.5 times increase from 2023, while raising $1.5 billion in capital. The credit platform ranked as the seventh issuer of global broadly syndicated CLOs, executing 30 transactions and raising or extending $13 billion of fee-generating AUM. The company completed a substantial issuer bid, repurchasing 2.3 million shares, contributing to a total of 5.7 million shares repurchased in 2024. Onex ended the year with investing capital per share of $113.70, up 6% from the previous year, and maintained strong liquidity with $1.6 billion available. The structured credit business saw a 34% increase in fee-generating AUM over the last 12 months, contributing to a 45% increase in fee-related earnings for the year, with a run rate FRE contribution of $50 million at year-end. Looking ahead, Onex aims for further growth in 2025, with expectations to sustain positive fee-related earnings, particularly from the credit platform, and plans to remain active in share repurchases.Significant Fundraising Success
Onex raised $1.5 billion across its private equity platforms in 2024, with strategic co-investment partnerships helping expand the client base. Additionally, Onex Partners completed fundraising for its Opportunities Fund, reaching $1.2 billion in commitments.
Return of Capital
OP and ONCAP returned over $3 billion of capital to investors, including $1 billion to Onex, which is 2.5 times more than what was achieved in 2023.
Structured Credit Growth
Onex ranked as the number seven issuer of global broadly syndicated CLOs, executing 30 transactions raising $13 billion of fee-generating AUM in 2024, with a 34% increase in fee-generating AUM over the last 12 months.
Share Repurchase Program
Onex completed a substantial issuer bid, repurchasing 2.3 million shares in Q4, bringing total repurchases for the year to 5.7 million shares. Over the last five years, Onex has repurchased approximately 28 million shares, reducing shares outstanding by almost 30%.
Strong Performance in Credit Investments
Credit investments delivered a $16 million net gain or a 2% return in Q4 and a 9% return for the year, driven by structured and opportunistic strategies.
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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
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TSE:ONEX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 21, 2025 | C$110.12 | C$105.02 | -4.63% |
| Nov 08, 2024 | C$108.66 | C$111.02 | +2.17% |
| Aug 08, 2024 | C$87.74 | C$87.44 | -0.34% |
| May 10, 2024 | C$99.73 | C$95.05 | -4.69% |
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.
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FAQ
When does ONEX Corporation (TSE:ONEX) report earnings?
ONEX Corporation (TSE:ONEX) is schdueled to report earning on May 09, 2025, TBA Not Confirmed.
What is ONEX Corporation (TSE:ONEX) earnings time?
ONEX Corporation (TSE:ONEX) earnings time is at May 09, 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
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