{"id":64447,"date":"2024-02-26T00:06:06","date_gmt":"2024-02-26T00:06:06","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/onex-reports-fourth-quarter-and-full-year-2023-results\/"},"modified":"2024-02-26T00:06:06","modified_gmt":"2024-02-26T00:06:06","slug":"onex-reports-fourth-quarter-and-full-year-2023-results","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/onex-reports-fourth-quarter-and-full-year-2023-results\/","title":{"rendered":"Onex Reports Fourth Quarter and Full Year 2023 Results"},"content":{"rendered":"
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A<\/em>l<\/em>l<\/em> a<\/em>m<\/em>o<\/em>u<\/em>nts<\/em> i<\/em>n U<\/em>.<\/em>S<\/em>.<\/em> d<\/em>o<\/em>l<\/em>l<\/em>ars u<\/em>n<\/em>l<\/em>e<\/em>s<\/em>s<\/em> o<\/em>t<\/em>h<\/em>e<\/em>r<\/em>w<\/em>i<\/em>s<\/em>e<\/em> sta<\/em>t<\/em>ed<\/em><\/p>\n

TORONTO, Feb. 23, 2024 (GLOBE NEWSWIRE) — Onex Corporation (TSX: ONEX) today announced its financial results for the fourth quarter and year ended December 31, 2023.<\/p>\n

\u201cOnex delivered solid overall performance in 2023, driven by good investment results, positive deployment and realization activity in a challenging environment, and continued progress on strategic initiatives and expense management,\u201d said Bobby Le Blanc, Chief Executive Officer. \u201cWe continue to benefit from our operating capabilities and a strong balance sheet. We feel positive about the future and our ability to increase long-term shareholder value.\u201d<\/p>\n

Financial Results<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
($ millions except per share amounts)<\/em><\/td>\nQuarter Ended Dec. 31<\/strong><\/td>\nYear Ended Dec. 31<\/strong><\/td>\n<\/tr>\n
\u00a0<\/td>\n2023<\/strong><\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n2023<\/strong><\/td>\n\u00a0<\/td>\n2022<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net earnings<\/td>\n$<\/strong><\/td>\n373<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n435<\/td>\n\u00a0<\/td>\n$<\/strong><\/td>\n529<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n235<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net earnings per diluted share<\/td>\n$<\/strong><\/td>\n4.81<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n5.32<\/td>\n\u00a0<\/td>\n$<\/strong><\/td>\n6.65<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n2.77<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Investing segment net earnings<\/td>\n$<\/strong><\/td>\n326<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n375<\/td>\n\u00a0<\/td>\n$<\/strong><\/td>\n815<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n117<\/td>\n\u00a0<\/td>\n<\/tr>\n
Asset management segment net earnings (loss)<\/td>\n\u00a0<\/td>\n46<\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n117<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2<\/strong><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(28)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total segment net earnings (<\/sup>1<\/sup>)<\/sup><\/td>\n$<\/strong><\/td>\n372<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n492<\/td>\n\u00a0<\/td>\n$<\/strong><\/td>\n817<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n89<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total segment net earnings per fully diluted share(<\/sup>2<\/sup>)<\/sup><\/td>\n$<\/strong><\/td>\n4.80<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n5.94<\/td>\n\u00a0<\/td>\n$<\/strong><\/td>\n10.23<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n1.03<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Asset management fee-related earnings (loss)(<\/sup>3<\/sup>)<\/sup><\/td>\n$<\/strong><\/td>\n3<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n(1)<\/td>\n\u00a0<\/td>\n$<\/strong><\/td>\n12<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n(12)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total fee-related earnings (loss)(<\/sup>4<\/sup>)<\/sup><\/td>\n$<\/strong><\/td>\n(2<\/strong>)<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n(4)<\/td>\n\u00a0<\/td>\n$<\/strong><\/td>\n(14<\/strong>)<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n(44)<\/td>\n\u00a0<\/td>\n<\/tr>\n
Distributable earnings(<\/sup>5<\/sup>)<\/sup><\/td>\n$<\/strong><\/td>\n139<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n67<\/td>\n\u00a0<\/td>\n$<\/strong><\/td>\n797<\/strong><\/td>\n\u00a0<\/td>\n$<\/td>\n308<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

Recent Highlights<\/strong><\/p>\n