NVR, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017
January 25, 2018 at 09:00 am
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NVR, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company announced income before taxes of $261,318,000 compared to $228,662,000 for the same period a year ago. Net income was $124,619,000 compared to $150,891,000 for the same period a year ago. Diluted earnings per share were $28.88 compared to $37.80 for the same period a year ago. Consolidated revenues totaled $1,816,336,000, a 4% increase from $1,752,766,000 in the fourth quarter of 2016.
For the year ended December 31, 2017, consolidated revenues were $6,305,840,000, an 8% increase from $5,822,544,000 reported for 2016. For the full year, the company announced income before taxes of $846,911,000 compared to $661,697,000 for the same period a year ago. Net income was $537,521,000 compared to $425,262,000 for the same period a year ago. Diluted earnings per share were $126.77 compared to $103.61 for the same period 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.