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Walker & Dunlop Reports 169% Growth in Q4 Net Income to $99
Million, Leading to Record Adjusted EBITDA of $55 Million
Initiates $0.25 per Share Quarterly Dividend
FOURTH QUARTER 2017 HIGHLIGHTS
FULL-YEAR 2017 HIGHLIGHTS
Bethesda, MD – February 7, 2018 – Walker & Dunlop, Inc. (NYSE: WD) (the “Company”) reported record fourth quarter 2017 net income of $99.0 million, or $3.06 per diluted share, representing a 169% increase in net income over the fourth quarter 2016. Without the benefit from tax legislation, net income was $40.7 million, or $1.26 per diluted share, an increase of 11%. Total revenues for the fourth quarter 2017 were $207.2 million, a new quarterly record, up 16% from the prior-year fourth quarter. Adjusted EBITDA for the fourth quarter 2017 was $54.7 million, also a new quarterly record, up 58% compared to the fourth quarter 2016.
The following information was filed by Walker Dunlop, Inc. (WD) on Wednesday, February 7, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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