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Rocket Companies, Inc. (RKT) Q1 2021 Earnings Call Transcript

Operator Good day, and thank you for standing by, and welcome to the Rocket Companies, Inc. first-quarter 2021 earnings call. [Operator instructions] I would now like to hand the conference over to your speaker today, Sharon Ng.ย Please go ahead. Sharon Ng -- Vice President of Investor Relations Good afternoon, everyone, and thank you for joining us for Rocket Companies earnings conference call covering the first quarter of 2021. Im Sharon Ng, the new vice president of investor relations here ...
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Source: fool.com

Rocket Companies Experiences Explosive Growth, Revenue Increases 144% year-over-year to $4.7 Billion in Fourth Quarter, Company Announces Special Dividend of $1.11 per Class A Share of Common Stock

During the fourth quarter of 2020, Rocket Companies: Grew total revenue, net, for Rocket Companies to $4.7 billion from $1.9 billion in Q4 2019 and Adjusted Revenue to $4.8 billion from $1.8 billion in Q4 2019. Grew net income to $2.8 billion from $0.8 billion in Q4 2019 and Adjusted Net Income to $2.3 billion from $0.5 billion in Q4 2019. Generated record closed loan origination volume of $107.2 billion and net rate lock volume of $96.0 billion in the fourth quarter of 2020, which represente...
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