UWM Q1 net loss $138.6M; purchase volume hits record $19.2B; dividend $0.10/sh

UWM Holdings Corp

2023-FY EPS reported -$0.13 revenue$161,274,000

Q1 2023 net loss $138.6M (diluted EPS -$0.13); adjusted EBITDA $141.0M vs $60.4M in prior quarter.
Loan origination volume $22.3B (purchase $19.2B, highest Q1 purchase ever); gain margin 92 bps, up from 51 bps in Q4 2022.
Q2 2023 guidance: originations $23-$30B, gain margin 75-100 bps.
Cash dividend $0.10 per share declared, payable July 11, 2023 to holders of record June 21, 2023.
Available liquidity ~$2.9B including $1.0B cash; total equity $2.9B at March 31, 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.72

UWM Holdings Corp reported the first quarter ended March 31, 2023 results: net income net loss of $138.6 million, EPS diluted loss per share of $0.13. Guidance reaffirmed.

Period: the first quarter ended March 31, 2023
Net income: net loss of $138.6 million
EPS: diluted loss per share of $0.13
Guidance: reaffirmed
Result: reported results

Exact text from the filing

UWM Holdings Corporation Announces First Quarter 2023 Results

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Source: SEC EDGAR

accession 0001783398-23-000020

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