earnings
confidence high
sentiment negative
materiality 0.75
UWM Q3 net income $31.9M (down 89% YoY); originations $39.5B; declares $0.10 dividend
UWM Holdings Corp
2024-Q3 EPS reported
$0.06
revenue$1,603,484,000
- Q3 net income $31.9M vs $301M in Q3 2023; diluted EPS -$0.06 (adjusted EPS $0.01).
- Loan origination volume $39.5B (up 33% YoY), including $26.2B purchase; total gain margin 118 bps.
- Adjusted EBITDA $107.2M vs $112.1M in Q3 2023.
- Q4 guidance: originations $34-41B, gain margin 85-110 bps.
- Board declares $0.10 dividend payable Jan 9, 2025; approves $144M distribution to SFS Corp.