Nvr, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 25, 2019 at 07:30 pm IST
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NVR, Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced operating income was USD 261.088 million compared to USD 247.797 million a year ago. Net income was USD 232.158 million compared to USD 124.619 million a year ago. Basic earnings per share was USD 64.46 compared to USD 33.39 a year ago. Diluted earnings per share was USD 58.57 compared to USD 28.88 a year ago. For the full year, operating income was USD 895.142 million compared to USD 799.407 million a year ago. Net income was USD 797.197 million compared to USD 537.521 million a year ago. Basic earnings per share was USD 219.58 compared to USD 144 a year ago. Diluted earnings per share was USD 194.8 compared to USD 126.77 a year ago.
NVR, Inc. is a leading U.S. homebuilder of single-family homes. Net sales break down by activity as follows:
- single home sales (94.6%): single-family detached, semi-detached and row homes (Ryan Homes, NVHomes and Heartland Homes brands);
- mortgage credit (5.4%): USD 6.3 billion outstanding managed in 2022.