earnings
confidence high
sentiment neutral
materiality 0.75
UWM Holdings reports Q4 net loss of $62.5M, declares $0.10 dividend; Q1 guidance $16-23B volume
UWM Holdings Corp
2022-FY EPS reported
$0.45
revenue$2,372,626,000
- Q4 net loss $62.5M (diluted EPS -$0.03) vs net income $325.6M in Q3; full year net income $931.9M (diluted EPS $0.45).
- Q4 loan origination volume $25.1B (purchase $21.7B), down from $33.5B in Q3; full year volume $127.3B.
- Q1 2023 outlook: production $16-23B, gain margin 75-100 bps.
- Board declared $0.10/share dividend payable April 11, 2023; also $150.2M distribution to SFS Corp.
- Company remained #1 overall mortgage lender in Q4 with 11% market share and 54% wholesale share.