(Toronto) Onex posted a profit of US$373 million for its fourth quarter on Friday, down from US$435 million reported for the same period a year earlier.
The private investment firm said this profit is equivalent to US$4.81 per share for its quarter ended December 31. This compares to earnings of US$5.32 per share for the last three months of 2022.
For the full year 2023, Onex says it made a profit of US$529 million, or US$6.65 per share, compared to US$235 million, or US$2.77 per share, in 2022.
Onex CEO Bobby Le Blanc highlighted that the company delivered a strong overall performance in 2023, driven by good investment results, positive deployment and fulfillment activity in a challenging environment.
Onex manages and invests money on behalf of its shareholders, institutional investors and high net worth clients.