NVR Inc. Third Quarter 2012 Numbers | ||
Quarter Three | Nine Months | |
Profit/(Loss) | $59M +22.1% | $120M +23.6% |
Home Deliveries | 2,656 +17.8% | 7,055 +15.8% |
New Orders | 2,558 +15.3% | 8,329 +17.5% |
Behind the Numbers:
NVR reported steady growth in profits, deliveries, and new orders for the year. The company, which has been opening new communities at a speedy rate, also borrowed $600 million during the quarter, boosting its cash to $1.07 billion from $475 million. It has said that it may use part of the proceeds from the borrowing to buy back some stock.
NVR’s fourth quarter and fiscal year ends December 31.
