NVR Q1 2022 EPS $116.56 up 84% YoY; revenue $2.38B up 17%

NVR INC

2022-Q1 EPS reported $116.56 revenue$2,378,409,000

Net income $426.1M ($116.56 EPS) vs $248.8M ($63.21 EPS) in Q1 2021.
Consolidated revenue $2.38B (+17% YoY); homebuilding revenue $2.31B (+18%).
New orders 5,927 units (-6% YoY); avg order price $465,700 (+13%).
Settlements 5,214 units (+3%); avg settlement price $442,900 (+14%); backlog $6.23B (+20%).
Homebuilding gross margin 28.5% vs 19.7%; mortgage banking income before tax $49.1M (-16%).

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