earnings
confidence high
sentiment positive
materiality 0.75
NVR Q2 net income $433M ($123.65 EPS) up 35% YoY; revenue up 16%; new orders down 16%
NVR INC
2022-Q2 EPS reported
$240.05
revenue$5,037,352,000
- Net income $433.3M, diluted EPS $123.65; up 35% and 50% YoY respectively.
- Consolidated revenue $2.66B, up 16% from $2.28B in Q2 2021.
- New orders 4,663 units (-16%); cancellation rate 14% vs 8% a year ago.
- Homebuilding gross profit margin improved to 26.3% from 22.6%.
- Mortgage banking income before tax $29.1M, down 26% due to lower secondary marketing gains.