NVR Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2011
January 26, 2012 at 08:50 am
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NVR Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported revenues of $728,808,000 against $794,470,000 a year ago. Operating income was $44,154,000 against $79,045,000 a year ago. Income before taxes was $50,445,000 against $86,513,000 a year ago. Net income was $32,392,000 or $6.32 per diluted share against $58,698,000 or $9.96 per diluted share a year ago.
For the year, the company reported revenues of $2,611,195,000 against $2,980,758,000 a year ago. Operating income was $185,605,000 against $294,371,000 a year ago. Income before taxes was $207,576,000 against $322,393,000 a year ago. Net income was $129,420,000 or $23.01 per diluted share against $206,005,000 or $33.42 per diluted share 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.