Nvr, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
January 28, 2020 at 04:15 pm
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NVR, Inc. announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced net income was USD 256.137 million compared to USD 232.158 million a year ago. Basic earnings per share was USD 69.78 compared to USD 64.46 a year ago. Diluted earnings per share was USD 64.41 compared to USD 58.57 a year ago. For the full year, net income was USD 878.539 million compared to USD 797.197 million a year ago. Basic earnings per share was USD 241.31 compared to USD 219.58 a year ago. Diluted earnings per share was USD 221.13 compared to USD 194.8 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.