Many of you know Bill, as he served as the CEO of Rocket Mortgage for 15 years. My confidence also stems from the fact that Bill Emerson is taking the reins as Interim CEO upon my departure. We have the brightest minds in the business, and the depth and breadth of our leadership team has set the bar for the industry. I have tremendous confidence in this team's ability to continue to execute the company strategy. His mentorship and friendship for nearly 3 decades is something I'll always appreciate. I have to thank Dan Gilbert specifically. With all the excellent work accomplished in 2022 and into 2023, I believe now is the right time to step aside so I can spend more time with my family while the company continues on its journey executing on these transformational strategies. We've accomplished so much together as a team and I've made many lifelong friends. The last 27 years of Rocket and in particular the last 6 as CEO have been among the most rewarding experiences of my life. We'll also discuss how we have put key pieces of our client engagement program in place, with the goal of lifting conversion and lowering our costs to acquire clients and ultimately expanding our purchase market share and extending client lifetime value, but first, I want to take a moment to talk about the leadership transition we announced a few weeks ago.Īs you know, on June 1, I will be retiring from my role as CEO. Today, we're going to recap last year's achievements and highlight how we continue to innovate to enhance the Rocket client experience. Good afternoon, and welcome to the Rocket Companies earnings call for the fourth quarter and full year of 2022. Reconciliations between GAAP and non-GAAP metrics for our reported results can also be found in our earnings release issued earlier today as well as in our filings with the SEC.Īnd with that, I'll turn things over to Jay Farner to get us started. Our commentary today will also include non-GAAP financial measures. A recording of the call will be posted later today. This call is being broadcast online and is accessible on our investor relations website. We undertake no obligation to update these statements as a result of new information or further events, except as required by law. We encourage you to consider the risk factors contained in our SEC filings for a detailed discussion of these risks and uncertainties. These statements are subject to risks and uncertainties that could cause actual results to differ materially from the expectations and assumptions we mention today. This conference call includes forward-looking statements. On today's call, we provide you with information regarding our fourth quarter and full year 2022 performance as well as our financial outlook. Also available on our website is an investor presentation.īefore I turn things over to Jay, let me quickly go over our disclaimers. With us this afternoon are Rocket Companies CEO Jay Farner our current director and future Interim CEO, Bill Emerson our President and COO, Bob Walters and our Chief Financial Officer, Brian Brown.Įarlier today, we issued our fourth quarter and full year earnings release, which is available on our website at, under Investor Info. Good afternoon, everyone, and thank you for joining us for Rocket Companies' earnings call covering the fourth quarter and full year of 2022. Sharon Ng, Head of Investor Relations, you may begin your conference. Fourth Quarter and Full Year 2022 Earnings Call. At this time, I would like to welcome everyone to the Rocket Companies, Inc. My name is David, and I'll be your conference operator today. Ryan Matthew Nash MD Goldman Sachs Group, Inc., Research Division Presentation DeVries Director & Senior Research Analyst Barclays Bank PLC, Research Division Kyle Joseph Equity Analyst Jefferies LLC, Research Division Kevin Michael Kaczmarek MD & Head of Data and Analytics Zelman & Associates LLC Kevin James Barker MD & Senior Research Analyst Piper Sandler & Co., Research Division Emerson Director Rocket Companies, Inc.Īrren Saul Cyganovich VP & Senior Analyst Citigroup Inc., Research Divisionīlake Netter Research Associate Morgan Stanley, Research Divisionĭouglas Michael Harter Director Crédit Suisse AG, Research Division Sharon Ng VP of IR Rocket Companies, Inc. Brian Nicholas Brown CFO & Treasurer Rocket Companies, Inc.
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