UWM Holdings Posts Q1 Adjusted EBITDA of $160.9M, EPS at $0.09
UWMC is trading near its 52-week low of $3.38 (4.4% above the low).
Summary
UWM Holdings Corp. has released its first-quarter financial results, reporting adjusted EBITDA of $160.909 million, adjusted net income of $137.154 million, and diluted earnings per share of $0.09. The company also recorded Q1 revenue of $901.427 million and net income of $170.374 million. This new financial data is critical for investors to assess the company's core operational performance, especially as the stock has been trading near its 52-week low. While the headline provides key figures, the market will await the full earnings report and management's commentary for a complete understanding of the quarter and future outlook, particularly in the context of its recent proxy battle with Two Harbors.
At the time of this announcement, UWMC was trading at $3.53 on NYSE in the Finance sector, with a market capitalization of approximately $5.6B. The 52-week trading range was $3.38 to $7.14. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.