Onex Revenue Up

Canadian investment group Onex Corp. reported a revenue gain of 23 percent during the first six months of 2006, but net earnings were 24 percent less than the same period of 2005.

First-half 2006 revenue was $8.1 billion, in U.S. dollars, for the owner of Spirit AeroSystems Inc., compared with $6.6 billion for the first six months last year.

Net earnings for the period were $645 million, or $4.75 a share, versus $851.7 million, or $6.13 a share, for the first half of 2005.

During the second quarter, Onex reported revenue of $4.2 billion, up 19 percent over the $3.5 billion in revenue for the second quarter of 2005.

Net earnings were $42.6 million, or 32 cents a share, compared to $212 million, or $1.53 a share, for the same time period last year.

The Canadian firm created Spirit by purchasing the Wichita and Oklahoma commercial airplane manufacturing facilities of the Boeing Co.



Was this article helpful?

Related Articles

Leave A Comment?