- Onex Corp. (ONEX) delivered its financial results for the second quarter ended June 30, 2022
- Its investing capital per fully diluted share decreased 2 per cent and increased 1 per cent in the three and six months ended June 30, 2022, respectively
- The value of its private equity investments decreased by 3 per cent in the quarter, largely reflecting global macroeconomic factors
- Onex Corp. (ONEX) was down 0.93 per cent, trading at C$69.42 at 3:30 pm ET
Onex (ONEX) delivered its financial results for the second quarter ended June 30, 2022, and an update on matters following quarter-end for investors.
Its investing capital per fully diluted share decreased 2 per cent and increased 1 per cent in the three and six months ended June 30, 2022, respectively.
As of June 30, Onex had approximately US$7.9 billion of investment capital or C$117.54 per fully diluted share. Investing capital per fully diluted share benefits from share buybacks during the quarter and a lower dilutive impact from stock options.
The value of its private equity investments decreased by 3 per cent in the quarter, largely reflecting global macroeconomic factors.
However, the company noted that the portfolio continued to perform well in the current environment and increased 16 per cent over the last 12 months.
The company’s Chairman and Chief Executive Officer, Gerry Schwartz, admitted that in the face of a challenging environment, Onex continues to deliver solid performance and execute its strategic plan.
“We are focused on growing our asset management business and leveraging our differentiated investing platforms to deliver sustained performance. Onex is a strong and stable partner, especially in times of change and challenge, allowing us to create long-term value for our stakeholders.”
Onex is a private equity investor and asset management firm. It operates in two main segments: investing and asset and wealth management.
Onex Corp. (ONEX) was down 0.93 per cent, trading at C$69.42 at 3:30 pm ET.