Onex Q3 net earnings drop

Onex

07/11/2025 12:10

Overview

Onex Q3 net earnings decline to $39 mln from $127 mln year-over-year

Company acquires majority interest in Convex Group, partners with AIG

Asset management fee-related earnings rise to $11 mln from $6 mln

Outlook

Onex expects Convex acquisition to enhance growth and profitability

Company anticipates significant value creation from partnerships with AIG

Result Drivers

PRIVATE EQUITY RETURNS - Onex's private equity teams returned capital to investors through strategic realizations, contributing to overall performance

CREDIT TEAM PERFORMANCE - Onex's credit team raised or extended over $10 bln in capital this year, bolstering Q3 results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.57
Q3 Net Income
$39 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the investment management & fund operators peer group is "buy"

Wall Street's median 12-month price target for Onex Corp is C$165.00, about 28.7% above its November 6 closing price of C$117.65

Press Release: ID:nGNX6Lg0ZG

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)