earnings
confidence high
sentiment positive
materiality 0.70
Onity Group reports FY2024 net income $33M, EPS $4.13; guides 2025 adj. ROE 16%-18%
ONITY GROUP INC.
2024-FY EPS reported
$4.13
revenue$976,000,000
- FY2024 net income attributable to common stockholders $33M (highest since 2013); diluted EPS $4.13; ROE 8%.
- Adjusted pre-tax income $90M; adjusted ROE 20%; book value per share $56, up $4 YoY.
- Q4 net loss $29M (diluted EPS -$3.63) included $41M debt restructuring charges; adj. pre-tax income $11M.
- Reduced corporate debt $145M in 2024; debt-to-equity ratio 2.96:1.
- 2025 adjusted ROE guidance raised to 16%-18%.