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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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