earnings
confidence high
sentiment neutral
materiality 0.75
UWM Q1 net income $453M, EPS $0.22, purchase volume record $19.1B, Q2 outlook $26-33B
UWM Holdings Corp
2022-Q1 EPS reported
$0.22
revenue$821,794,000
- Net income of $453.3M (diluted EPS $0.22); Q1 2021 net income was $860.0M.
- Purchase originations $19.1B (Q1 record, +56% YoY); total volume $38.8B (-21% YoY).
- Total gain margin 99 bps in Q1 2022, down from 219 bps in Q1 2021.
- Q2 2022 outlook: loan volume $26-33B, gain margin 75-90 bps.
- Declared $0.10/share dividend, payable July 11, 2022; plus $150.2M distribution to SFS Corp.