Guild Holdings Company (GHLD) Tops Q1 EPS by 46c, Revenues Beat

Guild Holdings Company (NYSE: GHLD) reported Q1 EPS of $1.77, $0.46 better than the analyst estimate of $1.31. Revenue for the quarter came in at $526 million versus the consensus estimate of $439 million.

First Quarter 2021 Year-Over-Year Highlights

• Grew net income to $160.6 million compared to a loss of $13.0 million
• Purchase originations represented $3.6 billion, or 37% of overall loan volume
• Adjusted EBITDA increased to $144.3 million from $82.0 million

“I am pleased to report another quarter of strong financial performance, with 70% year-over-year growth in funded origination volumes and meaningful growth in net revenue. We believe our results reinforce our differentiated business model focused on purchase lending, which has generated more consistent origination volumes and higher returns across interest rate cycles,” stated Mary Ann McGarry, Chief Executive Officer. “Looking ahead, we remain well-positioned to grow given our focus on purchase loans in the retail channel, an expanding geographic footprint, and our scale-enabled servicing platform. While rising interest rates, slowing refinancing activity, low supply of homes, and contracting margins will impact Guild and the entire mortgage industry, we will continue to focus on creating shareholder value across all cycles and extending our history of profitable growth.”

For earnings history and earnings-related data on Guild Holdings Company (GHLD) click here.

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