NVR Q4 2019 Earnings Report
Key Takeaways
NVR, Inc. reported a slight decrease in consolidated revenues for Q4 2019, but net income and diluted earnings per share both increased by 10% compared to Q4 2018. The company's homebuilding segment saw a slight decrease in revenues, while the mortgage banking segment experienced an increase in income before tax.
Net income for Q4 2019 increased by 10% to $256.14 million, or $64.41 per diluted share, compared to Q4 2018.
Consolidated revenues for Q4 2019 totaled $1.99 billion, a slight decrease from Q4 2018.
Homebuilding new orders increased by 14% to 4,392 units, with the average sales price increasing by 1%.
Mortgage closed loan production increased by 5% to $1.42 billion.
NVR
NVR
Forward Guidance
The company provided forward-looking statements regarding market trends, NVR’s financial position, business strategy, the outcome of pending litigation, investigations or similar contingencies, projected plans and objectives of management for future operations.