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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.
NVR
NVR
NVR Revenue by Segment
NVR Revenue by Geographic Location
Revenue by Segment
Mortgage Banking Revenue
CapyFin.comRevenue by Geographic Location
Mid Atlantic Revenue
CapyFin.comNorth East Revenue
CapyFin.comMid East Revenue
CapyFin.comSouth East Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in the earnings report.