logo
Share SHARE
FONT-SIZE Plus   Neg

NVR Q1 Profit Rises - Quick Facts

NVR Inc. (NVR: Quote) announced first-quarter net income of $20.12 million $3.90 per share, up from $15.17 million or $2.52 per share in the same quarter last year.

Homebuilding revenues rose to $586.20 million from $502.74 million in the year ago quarter. Consolidated revenues for the first quarter totaled $600.49 million, a 17% increase from $514.50 million for the comparable 2011 quarter.

New orders in the first quarter of 2012 increased 31% to 3,157 units, when compared to 2,403 units in the first quarter of 2011. The cancellation rate in the first quarter of 2012 was 10.3% compared to 12.3% in the first quarter of 2011 and 14.9% in the fourth quarter of 2011.

Analysts polled by Thomson Reuters expected the company to report earnings of $4.16 per share on revenues of $611.98 million for the quarter. Analysts' estimates typically exclude special items.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
McDonald's has announced its Chief Executive Office Don Thompson will be "retiring" at the age of 51, after two tumultuous years on the job. It will instead be up to Steve Easterbrook, 48, McDonald's chief brand officer, to reverse a downturn in fortunes for the iconic hamburger chain. His challenges... Courier Corp. (CRRC) announced Wednesday that its Board has reasonably determined that the non-binding, unsolicited proposal from R.R. Donnelley & Sons Company (RRD) to acquire the Company for $23.00 per share in cash or RR Donnelley common stock is reasonably likely to result in a "Superior Proposal"... Diversified electronics maker TE Connectivity Ltd. agreed Wednesday to sell its broadband network solutions or BNS business unit to telecommunications company CommScope Holding Co., Inc. in an all-cash deal valued at about $3 billion. The sale will enable TE to focus on providing leading connectivity and sensor solutions, particularly harsh environment connectivity.
comments powered by Disqus
RELATED NEWS
Trade NVR now with 
Follow RTT