8-K
filed October 21, 2024, 7:59 PM ET
ticker ONIT
CIK 0000873860
earnings
confidence high
sentiment neutral
materiality 0.80
Onity reports prelim Q3 net income $21.4M ($2.65 EPS), plans $475M notes offering
ONITY GROUP INC.
2024-Q3 EPS reported
$7.74
revenue$751,200,000
- Q3 2024 prelim net income $21.4M, diluted EPS $2.65, vs Q2 net income $10.5M, EPS $1.33.
- Adjusted pre-tax income (non-GAAP) $35.3M, up from $31.7M in Q2; total origination volume ~$8.5B.
- Subsidiary plans $475M senior notes due 2029; net proceeds to redeem PHH 7.875% notes due 2026 and Onity second lien notes due 2027.
- Redemption contingent on Oaktree MAV sale and escrow release; PHH notes call at 101.969% plus accrued interest.
- PHH Mortgage issued notice to redeem all 7.875% notes on Nov 20, 2024, subject to financing condition.
Machine-readable event card
- schema_version
- secwatch.filing_event.v1
- accession
- 0001493152-24-041704
- form_type
- 8-K
- ticker
- ONIT
- cik
- 0000873860
- company_name
- ONITY GROUP INC.
- filed_at
- 2024-10-21T23:59:59+00:00
- discovered_at
- 2026-05-14T18:03:11.188478+00:00
- generated_at
- 2026-05-30T12:40:13.399589+00:00
- sec_items
- ["2.02", "8.01", "9.01"]
- event_type
- earnings
- sentiment
- neutral
- materiality_score
- 0.8
- calibrated_materiality_score
- 0.8
- confidence
- high
- secwatch_canonical_url
- https://secwatch.observer/filing/0001493152-24-041704
- json_url
- https://secwatch.observer/filing/0001493152-24-041704.json
- markdown_url
- https://secwatch.observer/filing/0001493152-24-041704.md
- text_url
- https://secwatch.observer/filing/0001493152-24-041704.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/873860/000149315224041704/0001493152-24-041704-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/873860/000149315224041704/form8-k.htm
- generated_by_model
- deepseek-v4-flash:cloud@v2
- review_status
- machine_generated
- human_reviewed
- false
- corrected
- false
- correction_note
- null
- correction_timestamp
- null
- superseded_by
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