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Guild Holdings Co (Guild Holdings Co) Net Income : $-39.0 Mil (TTM As of Dec. 2023)


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What is Guild Holdings Co Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Guild Holdings Co's Net Income for the three months ended in Dec. 2023 was $-93.0 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-39.0 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Guild Holdings Co's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $-1.52.


Guild Holdings Co Net Income Historical Data

The historical data trend for Guild Holdings Co's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Guild Holdings Co Net Income Chart

Guild Holdings Co Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial 5.58 370.58 283.77 328.60 -39.01

Guild Holdings Co Quarterly Data
Dec18 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -15.01 -37.19 36.94 54.25 -93.00

Guild Holdings Co Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Guild Holdings Co's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-46.131+6.994+0+0.128
=-39.0

Guild Holdings Co's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-119.299+26.178+0+0.117
=-93.0

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-39.0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Guild Holdings Co  (NYSE:GHLD) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Guild Holdings Co's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Guild Holdings Co Net Income Related Terms

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Guild Holdings Co (Guild Holdings Co) Business Description

Traded in Other Exchanges
N/A
Address
5887 Copley Drive, San Diego, CA, USA, 92111
Guild Holdings Co is a growth-oriented mortgage company. It operates in two segments; The origination segment operates its loan origination business throughout the United States. It is responsible for loan origination, acquisition, and sale activities. This segment is further divided into retail and correspondent channel, and The servicing segment provides a steady stream of cash flow to support the origination segment more importantly it allows for the Company to build long-standing client relationships that drive repeat and referral business back to the origination segment to recapture the client's next mortgage transaction. It is responsible for the servicing activities of all loans in its servicing portfolio. It generates a majority of its revenue from the Origination segment.
Executives
Martha E. Marcon director 4484 WILSHIRE BLVD, LOS ANGELES CA 90010
Edward Jr Bryant director 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Gioia Messinger director VICON INDUSTRIES, INC., 135 FELL COURT, HAUPPAUGE NY 11788
Patrick Joseph Duffy director, 10 percent owner 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Lisa Irene Klika officer: SEE REMARKS 5887 COPLEY DRIVE, SAN DIEGO CA 92111
David Manuel Neylan officer: See Remarks 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Mary Ann Mcgarry director, 10 percent owner, officer: CHIEF EXECUTIVE OFFICER 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Terry Lynn Schmidt director, 10 percent owner, officer: PRESIDENT 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Barrett Horn officer: See Remarks 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Desiree Amber Elwell officer: See Remarks 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Mccarthy Partners, Llc 10 percent owner 1601 DODGE STREET, SUITE 3800, OMAHA NE 68102
Mcgarry Strategic Enterprises, Llc 10 percent owner 10666 FRANK DANIEL WAY, SAN DIEGO CA 92131
Mccarthy Capital Mortgage Investors, Llc 10 percent owner 1601 DODGE ST., SUITE 3800, OMAHA NE 68102
Michael Charles Meyer director 5887 COPLEY DRIVE, SAN DIEGO CA 92111
Mccarthy Partners Management, Llc 10 percent owner 1601 DODGE STREET, SUITE 3800, OMAHA NE 68102