earnings
confidence high
sentiment positive
materiality 0.85
NVR Q2 net income surges 96% to $321.3M, revenue up 41% to $2.28B
NVR INC
2021-Q2 EPS reported
$145.53
revenue$4,325,044,000
- Net income $321.3M, diluted EPS $82.45 (up 94% YoY) on revenue $2.28B (+41%).
- Homebuilding gross profit margin expanded to 22.6% from 19.2% YoY.
- New orders down 6% to 5,521 units, but avg selling price rose 20% to $440,200.
- Backlog units +19%, dollar backlog $5.41B (+35%).
- Mortgage banking income before tax $39.2M, up 161% YoY.