Overview

* Onex ( ONEXF ) Q2 net earnings rise to $229 mln from $168 mln year-over-year

* EPS for Q2 increases to $3.30 from $2.19, reflecting strong performance

* Company repurchased over 1.8 mln shares, enhancing shareholder value

Outlook

* Onex ( ONEXF ) sees continued momentum across business segments

* Company expects strong year for Credit team with fee-generating asset growth

* Onex ( ONEXF ) anticipates net proceeds of $95 mln from WestJet sale

Result Drivers

* INVESTING CAPITAL GROWTH - Onex ( ONEXF ) reports a 4% return in investing capital per share for Q2, driven by private equity and credit investments

* FEE-GENERATING ASSETS - Fee-generating capital increased to $41 bln, with private equity and credit growing by 20% and 14% respectively since year end

* STRATEGIC TRANSACTIONS - Onex ( ONEXF ) completed sales of stakes in WestJet and Precision Concepts International, contributing to capital returns

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $3.3

Q2 Net $229 mln

Income

Analyst Coverage

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

* The average consensus recommendation for the investment management & fund operators peer group is "hold."

* Wall Street's median 12-month price target for Onex Corp ( ONEXF ) is C$138.50, about 19.4% above its August 6 closing price of C$111.62

Press Release:

(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.)