earnings
confidence high
sentiment neutral
materiality 0.70
UWM Holdings Q3 net income $301M, EPS $0.15; declares $0.10 dividend
UWM Holdings Corp
2023-Q3 EPS reported
$0.15
revenue$1,425,910,000
- Net income of $301.0M, diluted EPS $0.15; adjusted net income $234.7M, adjusted diluted EPS N/A (anti-dilutive).
- Loan origination volume $29.7B (purchase $25.9B); gain margin 97 bps vs 88 bps in Q2 and 52 bps in Q3 2022.
- Adjusted EBITDA $112.1M vs $(1.4)M in Q3 2022; total equity $3.1B.
- Cash dividend of $0.10/share declared, payable Jan 11, 2024 to holders of record Dec 20, 2023.
- Q4 2023 outlook: production $19-26B, gain margin 75-100 bps; full year production guidance $103-110B.