earnings
confidence high
sentiment neutral
materiality 0.75
UWM Holdings Q2 net income $215.4M, EPS $0.09; Q3 volume guidance $23-28B
UWM Holdings Corp
2022-Q2 EPS reported
$0.32
revenue$1,386,019,000
- Net income $215.4M ($0.09 diluted EPS); adjusted net income $165.3M.
- Total loan origination volume $29.9B, down 50% YoY; purchase volume $22.4B, up 17% QoQ but down 7% YoY.
- Total gain margin 99 bps, unchanged QoQ and up from 81 bps YoY.
- Q3 2022 guidance: production $23-28B, gain margin 30-60 bps.
- Declared $0.10/share dividend payable Oct 10, 2022; also approved $150.2M distribution to SFS Corp.