NYSE$NVR

NVR Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

NVR's Q1 2022 net income and diluted earnings per share increased compared to Q1 2021.

NVR, Inc. reported a strong first quarter with a 71% increase in net income and a 17% increase in consolidated revenues compared to the first quarter of 2021. The homebuilding segment saw significant growth, while the mortgage banking segment experienced a slight decrease in income before tax.

  • Net income for Q1 2022 was $426.1 million, an increase of 71% compared to Q1 2021.
  • Diluted earnings per share for Q1 2022 increased by 84% to $116.56.
  • Consolidated revenues for Q1 2022 totaled $2.38 billion, up 17% from Q1 2021.
  • Homebuilding revenues increased by 18% to $2.31 billion, with a gross profit margin increase to 28.5%.

Headline financials

Total Revenue

$2.38B

Previous: $2.04B+16.5%
EPS (adj)

$116.56

Previous: $63.21+84.4%
New Orders

5.9K

Previous: 6.3K-6.1%
Settlements

5.2K

Previous: 5.1K+2.8%
Loan Closings

$1.48M

Previous: $1.41B-99.9%
Capture Rate

86.0%

Previous: 89.0%-3.4%
Effective Tax Rate

24.7%

No prior period
Capital Expenditures

-$4.06M

Previous: -$3.1M-30.7%
Free Cash Flow

$422M

Previous: $246M+71.8%
Net Income

$426M

Previous: $249M+71.3%
Operating Income

$2.37B

Previous: $2.03B+16.5%
Gross Profit

$2.38B

Previous: $2.04B+16.5%
Cash & Equivalents

$2.16B

Previous: $2.81B-23.3%
Total Assets

$5.73B

Previous: $5.82B-1.6%
Stock-Based Comp

$11.7M

Previous: $14.5M-19.4%

Revenue & EPS history

NVR · Revenue · Quarterly

$2.38B

Q1 2022+16.5%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

NVR · $72.3M total across 1 segment · Q1 2022

  • Mortgage Banking
    $72.3M

Forward guidance

The company provided forward-looking statements regarding market trends, financial position, and business strategy, but did not provide specific financial guidance for future periods.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.8%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+11.9%

Q4 2016

Best reaction

-8.8%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-6.5%-13.1%
Q4 2025+1.6%+2.9%+0.2%
Q3 2025-1.3%-4.5%-5.2%
Q2 2025-1.2%-0.6%+1.4%
Q1 2025+1.1%+0.9%+1.2%
Q4 2024-3.8%-4.4%-14.3%
Q3 2024-2.5%-3.4%-7.3%
Q2 2024-2.7%-0.5%+4.0%
Q1 2024-0.1%-2.0%-5.3%
Q4 2023-0.4%+3.0%+7.3%
Q3 2023-2.3%-2.2%+13.0%
Q2 2023+2.4%+1.8%-2.6%
Q1 2023-4.8%-2.1%-5.6%
Q4 2022+6.7%+5.2%+3.9%
Q3 2022+3.4%+5.6%+11.2%
Q2 2022-2.1%-1.6%-2.2%
Q1 2022+0.2%+0.5%-0.1%
Q4 2021+3.1%-1.0%-7.5%
Q3 2021-3.5%-3.6%+3.3%
Q2 2021+2.3%+2.7%+5.3%
Q1 2021-1.6%+0.5%-5.1%
Q4 2020-2.0%-0.6%-0.8%
Q3 2020-0.2%-1.1%-0.8%
Q2 2020+10.5%+16.0%+25.2%
Q1 2020-0.0%+11.1%+10.1%
Q4 2019-1.2%-3.3%-5.1%
Q3 2019+1.1%-0.1%-4.9%
Q2 2019-0.3%-3.6%-0.2%
Q1 2019+4.2%+1.0%+5.3%
Q4 2018+1.6%+5.1%+6.3%
Q3 2018-3.6%-3.4%+6.7%
Q2 2018-8.8%-12.1%-17.2%
Q1 2018+0.6%+0.9%-2.5%
Q4 2017-8.4%-10.6%-16.4%
Q3 2017+11.1%+10.5%+12.4%
Q2 2017+8.9%+9.5%+9.7%
Q1 2017-3.0%-3.5%+7.8%
Q4 2016+11.9%+10.4%+13.4%
Q3 2016-2.4%-3.8%-1.3%
Q2 2016-1.3%-1.7%-4.0%
Q1 2016-2.9%
Q4 2015+3.9%
Q3 2015+4.7%
Q2 2015+3.8%
Q1 2015+2.1%
Q4 2014-3.0%
Q3 2014+7.5%
Q2 2014+7.8%
Q1 2014-6.4%
Q4 2013+10.3%
Q3 2013-2.4%
Q2 2013-0.3%
Q1 2013-0.3%
Q4 2012+5.4%
Q3 2012+3.3%
Q2 2012+5.0%
Q1 2012+1.6%
Q4 2011-1.7%
Q3 2011-1.1%
Q2 2011-5.2%
Q1 2010-0.1%
Q1 2011-1.0%
Q4 2008+1.9%
Q4 2010+1.9%
Q3 2009+2.9%
Q3 2010+2.9%
Q2 2009-0.5%
Q2 2010-0.5%
Q4 2009-0.5%

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