earnings
confidence high
sentiment positive
materiality 0.75
NVR Q4 2021 EPS $89.09 (+16% YoY); homebuilding margins expand to 24.4%
NVR INC
2021-FY EPS reported
$320.48
revenue$8,951,025,000
- Q4 net income $334.6M, diluted EPS $89.09 (+16% YoY); revenue $2.23B (-5% YoY).
- New orders Q4 up 4% to 5,685 units; average sales price up 14% to $454,900; cancellation rate 10% vs 12%.
- Homebuilding gross margin Q4 24.4% vs 19.5% YoY; segment income before tax $392M (+21%).
- Backlog units +10% to 12,730; dollar value +26% to $5.78B.
- Mortgage banking segment income before tax $34.8M (-44% YoY) on lower secondary gains.