UWM Holdings Q2 net income falls to $76.3M; originations up to $33.6B

UWM Holdings Corp

2024-Q2 EPS reported $0.12 revenue$1,077,050,000

Q2 net income $76.3M ($0.03 EPS) vs $180.5M in Q1 2024 and $228.8M in Q2 2023.
Loan origination volume $33.6B, up from $27.6B in Q1 and $31.8B in Q2 2023.
Adjusted EBITDA $133.1M compared to $101.5M in Q1 and $125.4M in Q2 2023.
Board declared $0.10 dividend per share payable Oct 10 to holders of record Sep 19; $150.2M distribution to SFS Corp.
Q3 guidance: origination volume $31-$38B, gain margin 85-110 bps.

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