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Jun 30, 2024

Walker & Dunlop Q2 2024 Earnings Report

Walker & Dunlop's financial performance remained stable with transaction volume flat and adjusted core EPS up.

Key Takeaways

Walker & Dunlop reported a flat transaction volume of $8.4 billion and revenues of $270.7 million, a 1% decrease year-over-year. Net income was $22.7 million, down 18% year-over-year, while adjusted core EPS increased by 26% to $1.23.

Total transaction volume remained flat at $8.4 billion compared to Q2 2023.

Total revenues decreased slightly by 1% year-over-year to $270.7 million.

Net income and diluted earnings per share both decreased by 18% year-over-year.

Adjusted core EPS increased by 26% year-over-year to $1.23.

Total Revenue
$271M
Previous year: $273M
-0.7%
EPS
$1.23
Previous year: $0.98
+25.5%
Total Transaction Volume
$8.4B
Previous year: $8.4B
+0.0%
Servicing Portfolio
$133B
Previous year: $127B
+4.9%
Operating Margin
10%
Previous year: 13%
-23.1%
Gross Profit
$193M
Previous year: $122M
+58.1%
Cash and Equivalents
$441M
Previous year: $228M
+93.6%
Total Assets
$4.18B
Previous year: $4.81B
-13.1%

Walker & Dunlop

Walker & Dunlop

Forward Guidance

The company did not provide specific forward guidance in this earnings report.