UWMC - UWM Holdings GAAP EPS of $0.11 misses by $0.07 revenue of $605.45M misses by $74.58M

UWM Holdings press release (NYSE:UWMC): Q4 GAAP EPS of $0.11 misses by $0.07. Revenue of $605.45M (-66.5% Y/Y) misses by $74.58M. Shares +5.76% PM. Originations of $55.2 billion, slightly above the $54.7 billion originated in 4Q20 Purchase originations of $24.5 billion, a 103% increase compared to $12.1 billion in 4Q20 Total gain margin of 80 bps compared to 305 bps in 4Q20 Accelerated stock buyback, repurchasing 8,755,713 shares of Class A common stock in 4Q21 for $60.6 million, at an average price per share of $6.93 First Quarter 2022 Outlook: The company anticipate first quarter production to be in the $33-$42 billion range, with expected gain margin between 75 and 85 bps.

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UWM Holdings GAAP EPS of $0.11 misses by $0.07, revenue of $605.45M misses by $74.58M