UWM Q1 net income $180.5M, EPS $0.09; originations $27.6B, record purchase volume $22.1B

UWM Holdings Corp

2024-Q1 EPS reported $0.09 revenue$569,956,000

Net income of $180.5M vs loss of $461M in Q4 2023 and loss of $138.6M in Q1 2023; diluted EPS $0.09.
Total loan origination volume $27.6B, up 13% QoQ and 24% YoY; purchase volume record $22.1B.
Total gain margin improved to 108 bps from 92 bps in both Q4 2023 and Q1 2023.
Declared Q2 cash dividend $0.10/share, payable July 11, 2024 to holders of record June 20, 2024.
Q2 2024 outlook: originations $28-35B, gain margin 85-110 bps.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

UWM Holdings Corp reported first quarter ended March 31, 2024 results: revenue $27.6 billion, net income $180.5 million, EPS $0.09.

Period: first quarter ended March 31, 2024
Revenue: $27.6 billion
Net income: $180.5 million
EPS: $0.09
Result: reported results

Exact text from the filing

--- EARNINGS RELEASE Document Exhibit 99.1 UWM Holdings Corporation Announces First Quarter 2024 Results First Quarter Net Income of $180.5 Million. Loan Origination Volume of $27.6 Billion, Including Purchase Volume of $22.1 Billion. PONTIAC, M I, May 9, 2024 - UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the publicly traded indirect parent of United

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Source: SEC EDGAR

accession 0001783398-24-000018

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