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Dec 31, 2019
NVR Q4 2019 Earnings Report
NVR's net income increased, driven by growth in both homebuilding and mortgage banking segments.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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