secwatch.observer — SEC 8-K summary
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Issuer:     UWM Holdings Corp (UWMC)
CIK:        0001783398
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001783398-24-000036
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1783398/000178339824000036/0001783398-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1783398/000178339824000036/xbrl-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001783398-24-000036

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer