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Jun 30, 2022
NVR Q2 2022 Earnings Report
Net income increased, driven by growth in homebuilding revenue and gross profit margin.
Key Takeaways
NVR, Inc. reported strong second-quarter results with a significant increase in net income and diluted earnings per share compared to the previous year. The growth was driven by increased homebuilding revenues and improved gross profit margins, despite a decrease in new orders.
Net income increased by 35% to $433.3 million, or $123.65 per diluted share.
Consolidated revenues increased by 16% to $2.66 billion.
Homebuilding revenues increased by 17% to $2.61 billion, with gross profit margin rising to 26.3%.
New orders decreased by 16% to 4,663 units, while settlements increased by 2% to 5,820 units.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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