Guild Holdings reports Q1 adjusted EPS 35c, consensus 17c

Reports Q1 revenue $198.5M, consensus $240.19M. “We are pleased to report first-quarter results that highlight our consistent momentum and balanced business model as we delivered positive adjusted net income, increased originations by 35% year-over-year, and continued to grow our servicing portfolio,” stated Terry Schmidt, Guild Chief Executive Officer. “This strong performance is the result of the successful execution of our strategy to opportunistically increase market share during volatile markets, and a commitment to the purchase-driven retail mortgage business. While we expect markets to remain volatile moving forward, we will prudently manage costs and believe there will be additional opportunities for Guild to gain market share, so we can continue to invest in our leading product and technology platforms to further position Guild for long-term growth.”