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Dec 31, 2022
NVR Q4 2022 Earnings Report
NVR reported increased net income and revenue for Q4 2022.
Key Takeaways
NVR, Inc. reported a strong fourth quarter with a 22% increase in consolidated revenues and a 36% increase in net income compared to the same period in 2021. The homebuilding segment saw revenue growth and improved gross profit margins, while the mortgage banking segment experienced a decrease in income before tax due to lower secondary marketing gains.
Net income increased by 36% to $454.8 million, or $133.44 per diluted share.
Consolidated revenues rose by 22% to $2.71 billion.
Homebuilding revenues increased by 23% to $2.67 billion, with a gross profit margin of 25.3%.
New orders decreased by 27% to 4,153 units, while settlements increased by 13% to 5,749 units.
NVR
NVR
NVR Revenue by Segment
Revenue by Segment
Homebuilding Revenue
CapyFin.comMortgage Banking Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in the press release. The release contains forward-looking statements that are subject to risks and uncertainties.
Positive Outlook
- Not applicable, no positives mentioned
Challenges Ahead
- The impact of COVID-19 on the economy and related supply chain disruptions
- General economic and business conditions (on both a national and regional level)
- Interest rate changes
- Access to suitable financing by NVR and NVR’s customers
- Increased regulation in the mortgage banking industry
Revenue & Expenses
Visualization of income flow from segment revenue to net income