earnings
confidence high
sentiment negative
materiality 0.80
UWM Holdings Q4 net income $239.8M on $55.2B volume; Q1 guidance $33-42B
UWM Holdings Corp
2021-FY EPS reported
$0.66
revenue$2,970,293,000
- Net income $239.8M in Q4 2021, down from $1.4B in Q4 2020; full year net income $1.6B ($0.66 diluted EPS).
- Total gain margin fell to 80 bps in Q4 from 305 bps a year ago; purchase originations surged 103% to $24.5B.
- Board declared $0.10/share dividend payable April 11 to March 14 record date.
- Q1 2022 guidance: production $33-$42B, gain margin 75-85 bps.
- Stock buyback: 8.76M shares repurchased for $60.6M at avg $6.93 in Q4.