NYSE$NVR

NVR Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

NVR's net income increased, driven by growth in both homebuilding and mortgage banking segments.

NVR, Inc. reported a slight decrease in consolidated revenues for Q4 2019, but net income and diluted earnings per share both increased by 10% compared to Q4 2018. The company's homebuilding segment saw a slight decrease in revenues, while the mortgage banking segment experienced an increase in income before tax.

  • Net income for Q4 2019 increased by 10% to $256.14 million, or $64.41 per diluted share, compared to Q4 2018.
  • Consolidated revenues for Q4 2019 totaled $1.99 billion, a slight decrease from Q4 2018.
  • Homebuilding new orders increased by 14% to 4,392 units, with the average sales price increasing by 1%.
  • Mortgage closed loan production increased by 5% to $1.42 billion.

Headline financials

Total Revenue

$1.99B

Previous: $2B-0.3%
EPS (adj)

$64.41

Previous: $58.57+10.0%
New Orders

4.4K

Previous: 3.8K+14.3%
Avg. Sales Price of Orders

$381K

Previous: $376K+1.3%
Settlements

5.3K

Previous: 5.2K+2.8%
Order Cancellation Rate

16.0%

Previous: 17.0%-5.9%
Loan Closings

$1.42B

Previous: $1.36B+4.6%
Capture Rate

91.0%

Previous: 88.0%+3.4%
Effective Tax Rate

13.3%

No prior period
Capital Expenditures

$5.96M

Previous: $4.85M+22.9%
Free Cash Flow

$351M

Previous: $226M+55.1%
Net Income

$256M

Previous: $232M+10.3%
Operating Income

$276M

No prior period
Gross Profit

$426M

Previous: $407M+4.7%
Cash & Equivalents

$1.16B

Previous: $732M+58.5%
Total Assets

$3.81B

Previous: $3.17B+20.3%
Stock-Based Comp

$19.9M

Previous: $24M-17.3%

Revenue & EPS history

NVR · Revenue · Quarterly

$1.99B

Q4 2019-0.3%vs Q4 2018
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

NVR · $62.9M total across 1 segment · Q3 2023

  • Mortgage Banking
    $62.9M+49.0%

Forward guidance

The company provided forward-looking statements regarding market trends, NVR’s financial position, business strategy, the outcome of pending litigation, investigations or similar contingencies, projected plans and objectives of management for future operations.

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 Q4 2019

Historical avgQ4 2019

+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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