NVR Inc. Third Quarter 2012 Numbers |
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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.