Walter Investment Management Corp. (WAC) reported that its fourth quarter GAAP net loss widened to $34.1 million or $0.98 per share from $3.9 million or $0.14 per share in the prior year quarter. The company specified that the results for the recent quarter reflect a charge of $48.6 million related to the loss incurred by the company on the early extinguishment of its debt.
Core earnings for the quarter was $22.5 million after taxes or $0.64 per share, up from $16.1 million or $0.56 per share in the same period last year.
Quarterly total revenue rose to $176.4 million from $155.9 million reported a year earlier.
Analysts polled by Thomson Reuters expect the company to earn $0.68 per share on revenues of $166.8 million for the quarter. Analysts' estimates typically exclude special items.
Adjusted EBITDA for the quarter was $64.1 million, reflecting increased cash flows from the residual trusts and a solid contribution by the Reverse Mortgage business. This compared to Pro-Forma Adjusted EBITDA of $55.0 million in the fourth quarter of 2011.
Looking ahead, the company anticipates 2013 Adjusted EBITDA in a range of $650 million to $725 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.