Walter Investment Management Corp. Announces Unaudited Consolidated Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2017
November 09, 2017 at 04:39 pm EST
Walter Investment Management Corp. announced unaudited consolidated earnings results for the third quarter and first nine months ended September 30, 2017. For the quarter, the company announced total revenues of $176,644,000 compared to $297,330,000 for the same period a year ago. Loss before income taxes was $123,678,000 compared to $158,183,000 for the same period a year ago. Net loss was $124,133,000 compared to $213,267,000 for the same period a year ago. Basic and diluted loss per common and common equivalent share was $3.38 compared to $5.90 for the same period a year ago. Adjusted EBITDA was $44.7 million compared to $93.8 million for the same period a year ago. Adjusted loss was $31.5 million compared to $22.2 million for the same period a year ago.
For the first nine months, the company announced total revenues of $630,716,000 compared to $551,574,000 for the same period a year ago. Loss before income taxes was $211,907,000 compared to $816,932,000 for the same period a year ago. Net loss was $213,934,000 compared to $875,932,000 for the same period a year ago. Basic and diluted loss per common and common equivalent share was $5.85 compared to $24.45 for the same period a year ago. Adjusted EBITDA was $149.3 million compared to $279.6 million for the same period a year ago. Adjusted loss was $92.3 million compared to $66.6 million for the same period a year ago.