NVR, Inc. (NVR) Tops Q2 EPS by $6.16

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NVR, Inc. Announces Second Quarter Results

July 21, 2017 9:00 AM EDT

RESTON, Va., July 21, 2017 /PRNewswire/ --NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced net income for its second quarter ended June 30, 2017 of $147,877,000, or $35.19 per diluted share.  Net income and diluted earnings per share for the second quarter ended June 30, 2017 increased 61% and 60%, respectively, when compared to the 2016 second quarter net income of $91,676,000, or $22.01 per diluted share.  Consolidated revenues for the second quarter of 2017 totaled $1,544,492,000, an 11% increase from $1,388,183,000 in the second quarter of 2016.

For the six months ended June 30, 2017, consolidated revenues were $2,821,584,000, an 11% increase from... More