Onity Group Inc. (ONIT) Q1 2025 Earnings Call Transcript

Onity Group Inc. (NYSE:ONIT) Q1 2025 Earnings Conference Call April 30, 2025 8:30 AM ET

Company Participants

Valerie Haertel – Vice President-Investor Relations
Glen Messina – Chair, President & Chief Executive Officer
Sean O’Neil – Chief Financial Officer

Conference Call Participants

Randy Binner – B. Riley
Bose George – KBW
Eric Hagen – BTIG

Operator

Good day everyone and welcome to the Onity Group’s First Quarter Earnings and Business Updated Conference Call. At this time, all participants are in a listen-only mode. Later you will have the opportunity to ask questions during the question-and-answer session. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]

It is now my pleasure to turn the conference over to Valerie Haertel, Vice President of Investor Relations. Please go ahead.

Valerie Haertel

Thank you. Good morning and welcome to Onity Group’s first quarter 2025 earnings call. Please note that our earnings release and presentation are available on our website at onitygroup.com. Speaking on the call will be Chair, President and Chief Executive Officer, Glen Messina and Chief Financial Officer, Sean O’Neil.

As a reminder, our comments today may contain forward-looking statements made pursuing to the safe harbor provisions of the federal securities laws. These statements may be identified by reference to a future period or by use of forward-looking terminology and address matters that are uncertain. Forward-looking statements speak only as of the date they are made and involve assumptions, risks and uncertainties, including those described in our SEC filings. In the past, actual results have differed materially from those suggested by forward-looking statements and this may happen again.

In addition, the presentation and our comments contain references to non-GAAP financial measures, such as adjusted pre-tax income. We believe these non-GAAP measures provide a useful supplement to discussions and analysis of our financial condition because