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UWM (UWMC) - 2024 Q2 - Earnings Call Transcript
2024-08-06 16:08
UWM Holdings Corporation (NYSE:UWMC) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Blake Kolo - Chief Business Officer & Head, Investor Relations Mat Ishbia - Chairman & Chief Executive Officer Andrew Hubacker - Chief Financial Officer Conference Call Participants Bose George - KBW Derek Summers - Jefferies Doug Harter - UBS Brad Capuzzi - Piper Sandler Eric Hagen - BTIG Mark DeVries - Deutsche Bank Terry Ma - Barclays Ryan Shelley - Bank of America Operator Ladies and gen ...
UWM (UWMC) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2024-08-06 15:00
UWM Holdings Corporation (UWMC) reported $507.09 million in revenue for the quarter ended June 2024, representing a year-over-year decline of 13.7%. EPS of $0.04 for the same period compares to $0.11 a year ago. The reported revenue represents a surprise of -6.15% over the Zacks Consensus Estimate of $540.31 million. With the consensus EPS estimate being $0.06, the EPS surprise was -33.33%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...
UWM Holdings Corporation (UWMC) Misses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-06 14:41
UWM Holdings Corporation (UWMC) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.11 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -33.33%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced break-even earnings, delivering a surprise of -100%. Over the last four quarters, ...
UWM (UWMC) - 2024 Q2 - Quarterly Results
2024-08-06 12:32
Exhibit 99.1 UWM Holdings Corporation Announces Second Quarter 2024 Results Second Quarter Net Income of $76.3 Million. Loan Origination Volume of $33.6 Billion, Including Purchase Volume of $27.2 Billion. PONTIAC, MI, August 6, 2024 - UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage ("UWM"), today announced its results for the second quarter ended June 30, 2024. Total loan origination volume for the second quarter 2024 was $33.6 billion ...
UWM (UWMC) - 2024 Q1 - Quarterly Report
2024-05-09 16:59
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______________ to _______________ Commission file number 001-39189 UWM HOLDINGS CORPORATION (Exact name of registrant as specified in its c ...
UWM (UWMC) - 2024 Q1 - Earnings Call Transcript
2024-05-09 16:19
Yes. Interesting is depending on the time of the month and where rates are at that moment, the prices are right in line with what our carrying value is. And so sometimes you pick up a little, sometimes you lose a little bit. But Operator Mat Ishbia Thanks. And then just to follow up, in terms of the pricing initiatives you have for the brokers, how is that driven? Increased volume. And do you expect to roll out further initiatives going forward? And so there's things we're always constantly trying to roll o ...
Compared to Estimates, UWM (UWMC) Q1 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-05-09 15:31
For the quarter ended March 2024, UWM Holdings Corporation (UWMC) reported revenue of $569.96 million, up 253.4% over the same period last year. EPS came in at $0.00, compared to -$0.07 in the year-ago quarter.The reported revenue represents a surprise of +22.13% over the Zacks Consensus Estimate of $466.69 million. With the consensus EPS estimate being $0.04, the EPS surprise was -100.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...
UWM Holdings Corporation (UWMC) Reports Break-Even Earnings for Q1
Zacks Investment Research· 2024-05-09 14:51
UWM Holdings Corporation (UWMC) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.04. This compares to loss of $0.07 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced a loss of $0.23, delivering a surprise of -866.67%.Over the last four quarters, the company has surpass ...
UWM (UWMC) - 2024 Q1 - Quarterly Results
2024-05-09 12:46
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, MI, May 9, 2024 - UWM Holdings Corporation (NYSE: UWMC) (the "Company"), the publicly traded indirect parent of United Wholesale Mortgage (“UWM”), today announced its results for the first quarter ended March 31, 2024. Total loan origination volume for the first quarter 2024 was $27.6 billion, of ...
UWM (UWMC) - 2023 Q4 - Earnings Call Transcript
2024-02-28 18:03
[Operator Instructions] Your next question will come from the line of Eric Hagen with BTIG. Please go ahead. Yes. So, good question. Obviously, in the weeds, you know the game. No, we do not put an estimate for recapture in there. So, therefore, thatÂ's what all of my other competitors do to beef up their numbers, which is a false way of doing it, but you get that and understand the business well enough to ask the question. So, you know that. On the other side of it, MSR is $300 billion, like we look at it ...