earnings
confidence high
sentiment negative
materiality 0.75
UWM Holdings reports Q4 2023 net loss of $461M; declares $0.10 dividend, guides Q1 2024 volume $22-28B
UWM Holdings Corp
2023-FY EPS reported
-$0.14
revenue$1,311,327,000
- Q4 2023 net loss $461.0M ($0.29 diluted EPS); includes $634.4M MSR fair value decline.
- Full year 2023 net loss $69.8M ($0.14 diluted loss per share); origination volume $108.3B vs $127.3B in 2022.
- Record purchase originations of $93.9B in 2023; Q4 purchase volume $20.7B.
- Board declares $0.10/share cash dividend payable Apr 11; also approves $150.2M distribution to SFS Corp.
- Q1 2024 outlook: production $22-28B, gain margin 80-105 bps.