Nvr Inc

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New NanoMarkets Report States That Functional Inkjet Inks Market ... - MarketWatch

stevedumesnil.blogspot.com | Nov 30, 2008

By 2016, the market for jetted materials for display and signage applications alone should reach .2 billion. -- Inkjet is a non-contact process which ...

http://stevedumesnil.blogspot.com/2008/11/new-nanomarkets-report-states-that_7933.html

NVR, Inc. Appoints New Members to Board of Directors (PR Newswire)

biz.yahoo.com | Nov 6, 2008

NVR, Inc. Appoints New Members to Board of Directors. - RESTON, Va., Nov. 6 /PRNewswire-FirstCall/ -- NVR, Inc. (NYSE: NVR - News) announced that Alfred E.

http://biz.yahoo.com/prnews/081106/ph44500.html?.v=1

NVR, Inc. Appoints New Members to Board of Directors

www.prnewswire.com

RESTON, Va., Nov. 6 /PRNewswire-FirstCall/ -- NVR, Inc. (NYSE: NVR) announced that Alfred E. Festa and W. Grady Rosier will join its Board of Directors as independent directors effective December 1, 2008. Mr.

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/11-06-2008/0004920193&EDATE=

NVR, Inc. Announces Offering of $325 Million of Convertible Senior Notes Due 2038 (PR Newswire)

us.rd.yahoo.com | Sep 9, 2008

NVR, Inc. Announces Offering of $325 Million of Convertible Senior Notes Due 2038. - RESTON, Va., Sept. 9 /PRNewswire-FirstCall/ -- NVR, Inc. (NYSE: NVR - News), one of the nation's largest homebuilding and mortgage banking companies, announced that it is commencing an underwritten public offering

http://us.rd.yahoo.com/finance/news/rss/story/*http://biz.yahoo.com/prnews/080909/netu059.html?.v=68

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Q1 2009 Brinker International Earnings Release - Before Market Open (CCBN)

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Learn when companies announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by adding it to your calendar.

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Ryan Homes

Copyright © Ryan Homes. All Rights Reserved. Ryan Homes, an NVR, Inc. Company.

http://www.ryanhomes.com/

HousingZone.com giants 2007 1

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HousingZone.com is the deepest, richest site serving the home building and remodeling industries, offering original content, daily news updates, weekly newsletters, an extensive Buyers' Guide, cost estimators, online education and more.

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Chesterfield County, Virginia | Planning

symbol indicates that an attachment accompanies the agenda item. These attachments are generally available the second or first Wednesday prior to the Planning Commission meeting, depending upon their release date.

http://www.co.chesterfield.va.us/CommunityDevelopment/Planning/CPCAgenda/CPC6-17-08Ag.asp

 

BUYINS.NET: Market Maker Surveillance Report. Top 6 Winning Stocks With Lowest Price Friction For

BUYINS.NET, www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for December 3, 2008. Since late October market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This "fair market making" requirement is designed to prevent market makers from manipulating stock prices. On Wednesday there were 3,156 companies with "abnormal" market making, 3,313 companies with positive Friction Factors and 2,443 companies with negative Friction Factors. Here is a list of the top 6 companies with the largest dollar gain per share Wednesday and low price friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. NVR Inc. (NYSE: NVR), Axsys Technologies (NASDAQ: AXYS), Washington Post (NYSE: WPO), Amazon (NASDAQ: AMZN), Quality Systems (NASDAQ: QSII) and Genzyme Corp (NASDAQ: GENZ). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .

Market Maker Friction Factor is shown in the chart below:

Symbol Change % BuyVol Buy% SellVol Sell% NetVol Friction

NVR $25.37 6.30% 47,166 44.69% 38,471 36.45% 8,695 3

AXYS $5.57 8.26% 291,641 52.70% 251,288 45.40% 40,353 72

WPO $5.37 1.41% 26,944 46.46% 22,755 39.23% 4,189 8

AMZN $3.84 9.32% 7,811,311 49.83% 7,697,530 49.10% 113,781 296

QSII $3.72 13.27% 349,457 48.94% 345,099 48.33% 4,358 12

GENZ $3.52 5.86% 2,237,834 53.69% 1,854,007 44.48% 383,827 1,090

Click here to view chart: http://www.buyins.com/ff/fftopg12-3-08.jpg

Analysis of the Friction Factor chart above shows that each of the six stocks mentioned above have high net dollar gains (Change) and very low price friction in their stocks. The Friction Factor displays how many more shares of buying than selling are required to move a stock higher by one cent or how many more shares of selling than buying moves a stock lower by 1 cent.

For example, the chart above shows AXYS with a dollar gain Wednesday of +$5.57 and a Friction Factor of 72 shares. That means that it only took 72 more shares of buying than selling to move AXYS higher by one penny. The Market Makers are currently allowing the stock to rise quickly (low friction). The combination of low friction and positive market direction can drive prices higher much faster than normal.

NVR, Inc. (NYSE: NVR) operates as a homebuilder in the United States. It engages in the construction and sale of single-family detached homes, town homes, and condominium buildings. The company sells home buildings under the Ryan Homes, NVHomes, Fox Ridge Homes, and Rymarc Homes trade names primarily to first-time homeowners and first-time move-up buyers. It markets its products in Maryland, Virginia, West Virginia, Pennsylvania, New York, North Carolina, South Carolina, Ohio, New Jersey, Delaware, and Kentucky. The company also offers mortgage banking services to its homebuilding customers, including broker title insurance; and performs title searches in connection with mortgage loan closings. The company was founded in 1979. It was formerly known as NVHomes, Inc. and changed its name to NVR, Inc. The company is based in Reston, Virginia.

Axsys Technologies, Inc. (NASDAQ: AXYS) designs and manufactures precision optical solutions for defense, aerospace, homeland security, and commercial applications. The company operates in two Segments, the Surveillance Systems Group and the Imaging Systems Group. The Surveillance Systems Group segment offers precise camera systems for deployment on ground, marine, and aerial vehicles. Its products are used in surveillance, reconnaissance, tracking, and targeting applications. The Imaging Systems Group segment manufactures and sells optical and motion control subsystems and components for deployment in integrated systems. Its products include visible and infrared lenses, scanning systems, laser positioners, long-range telescopes, stabilized sensor positioning systems, precision motion-control components, and imaging optics. The company sells its products to various government institutions, such as the U.S. Border Patrol, Army, Navy, Air Force, and Coast Guard, as well as defense contractors for integration into larger platforms. Axsys Technologies was incorporated in 1959 and is headquartered in Rocky Hill, Connecticut.

The Washington Post Company (NYSE: WPO), together with its subsidiaries, operates as a diversified education and media company in the United States and internationally. The company provides a range of educational services, including higher education, professional training, test preparation, and K12 services for children and schools. The Washington Post Company also engages in the publication of newspapers in the Washington, D.C., area and Everett; newsprint warehousing and recycling facilities; and electronic media publishing business, primarily washingtonpost.com. In addition, it publishes a weekly news magazine, Newsweek, which has one domestic and three English-language international editions, as well as Arthur Frommers Budget Travel magazine. Further, the company owns six VHF television stations serving the Detroit, Houston, Miami, San Antonio, Orlando, and Jacksonville television markets; and operates cable systems offering basic cable, digital cable, pay television, cable modem, telephony, and other services to subscribers in midwestern, western, and southern states, as well as engages in commercial printing business. The Washington Post Company was founded in 1877 and is based in Washington, District of Columbia.

Amazon.com, Inc. (NASDAQ: AMZN) operates retail Web sites, as well as provides programs that enable third parties to sell their products on its Web sites in North America and internationally. It sources and sells a range of products under various categories, such as books; electronics and computers; toys, kids, and baby; sports and outdoors; movies, music, and games; home and garden; apparel, shoes, and jewelry; tools, auto, and industrial; digital downloads; grocery; and health and beauty. The companys retail Web sites include amazon.com, amazon.ca, amazon.de, amazon.fr, amazon.co.jp, amazon.co.uk, shopbop.com, endless.com, and the Joyo Amazon Web sites at joyo.cn and amazon.cn. Amazon.com, through Amazon Services, offers programs that enable sellers to sell their products on its Web sites; allow customers to shop for products owned by sellers using its features and technologies; and allow individual customers to complete transactions that include multiple sellers in a single checkout process. The companys Amazon Enterprise Solutions offer sellers e-commerce expertise, technology, and operational infrastructure to enable e-commerce businesses operating under their own brand name and Web site address. It also offers Amazon Web Services, which provide access to technology infrastructure that developers can use to enable virtually various types of businesses. Amazon Web Services include Amazon Simple Storage Service, Amazon Elastic Compute Cloud, Amazon Simple Queue Service, Amazon SimpleDB, Amazon Flexible Payments Service, Amazon Mechanical Turk, and Alexas Web Services. In addition, Amazon.com offers co-branded credit card programs, fulfillment-related services, and other marketing and promotional services, such as online advertising. Further, it designs, manufactures, markets, and sells a wireless e-reading device, the Amazon Kindle. The company was founded in 1994 and is headquartered in Seattle, Washington.

Quality Systems, Inc. (NASDAQ: QSII) engages in the development and marketing of healthcare information systems in the United States. Its system automates various aspects of medical and dental practices, and networks of practices, such as physician hospital organizations and management service organizations, ambulatory care centers, community health centers, and medical and dental schools. The company offers proprietary electronic medical records software and practice management systems under the NextGen3 product name. The product categories of the NextGen suite include electronic medical records, enterprise practice management, enterprise appointment scheduling, enterprise master patient index, NextGen image control system, managed care server, electronic data interchange, system interfaces, Internet operability, and a patient-centric and provider-centric Web portal solution. It also offers NextGen Express designed for small practices and NextGen Community Health Solution; and revenue cycle management services under the Practice Solutions name, which include billing and collections services for medical practices. In addition, Quality Systems provides hardware and software installation, maintenance and support services, system training, and electronic data interchange services. The company was founded in 1974 and is headquartered in Irvine, California.

Genzyme Corporation (NASDAQ: GENZ) operates as a biotechnology company worldwide. It operates through five segments: Renal, Therapeutics, Transplant, Biosurgery, and Genetics. The Renal segment develops, manufactures, and distributes products for patients suffering from renal diseases, including chronic renal failure. This segment offers Renagel, a phosphate binder for the control of serum phosphorus in patients with chronic kidney disease (CKD) on hemodialysis; and Hectorol vitamin D2 pro-hormone products for the treatment of secondary hyperparathyroidism in patients with stages 3 and 4 CKD, and in patients with stage 5 CKD on dialysis. The Therapeutics segment provides Cerezyme/Ceredase, an enzyme replacement therapy for the treatment of Gaucher disease; Fabrazyme, a recombinant form of the human enzyme alpha-galactosidase for the treatment of Fabry disease; Thyrogen, an adjunctive diagnostic agent used in the follow-up of patients with thyroid cancer; Myozyme therapy for Pompe disease; and Aldurazyme, a recombinant form of the human enzyme alpha-L-iduronidase to treat mucopolysaccharidosis I. The Transplant segment offers Thymoglobulin, a polyclonal antibody that suppresses immune cells responsible for acute organ rejection in transplant patients. The Biosurgery segment markets Synvisc, a biomaterial used to treat the pain associated with osteoarthritis of the knee; and Sepra products for preventing adhesions following various surgical procedures in the body. The Genetics segment provides reproductive testing services, diagnostic services for reproductive and oncology markets, and genetic counseling services. It has a collaboration agreement with PTC Therapeutics, Inc. to develop and commercialize PTC124 for the treatment of genetic disorders due to nonsense mutations. The company also has a strategic alliance with Osiris Therapeutics, Inc. to develop and commercialize Prochymal and Chondrogen. Genzyme Corporation was founded in 1981 and is based in Cambridge, Massachusetts.

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted. The SqueezeTrigger database of nearly 2,200,000,000 short sale transactions goes back to January 1, 2005 and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005 because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money and a short squeeze can begin.

All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. None of the companies in this report have paid to be included in this report. From time to time we will mention a company that may have previously paid $995 per month for market data purchased from BUYINS.NET. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

BUYINS.NET, FRICTION FACTOR and SQUEEZETRIGGER are intended for use by stock market professionals. As a member, visitor, or user of any kind, you accept full responsibilities for your investment and trading actions. The contents of BUYINS.NET, including but not limited to all implied or expressed views, opinions, teachings, data, graphs, opinions, or otherwise are not predictions, warranty, or endorsements of any kind. Please seek stock market advice from the proper securities professional, or investment advisor.By visiting BUYINS.NET or using any data or services, you agree to assume full responsibility for the decisions or actions that you undertake. BUYINS.NET, LLC, its owner(s), operators, employees, partners, affiliates, advertisers, information providers and any other associated person or entity, shall under no circumstances be held liable to the user and/or any third party for loss or damages of any kind, including but not limited to trading losses, lost trading opportunity, direct, indirect, consequential, special, incidental, or punitive damages. As a user, you agree that any damages collected shall not exceed the amount paid to BUYINS.NET and/or its owners. As a website user, you agree that any and all legal matters of any kind are to be reviewed and handled in their entirety within the State of California only. By using the services of this website, you are consenting to the terms as outlined, and forfeit all legal jurisdictions in any other State.

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Please seek investment and/or trading advice, council, information or services from a securities professional. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC.

CONTACT: Thomas Ronk, CEO, BUYINS.NET Tel: +1 800 715 9999 e-mail: Tom@buyins.net WWW: http://www.buyins.net

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

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Companies: Amazon.com, Inc. (AMZN), Axsys Technologies, Inc. (AXYS), Genzyme Corp. (GENZ), NVR (YYAZA), NVR, Inc. (NVR), Quality Systems, Inc. (QSII), Washington Post Co. (WPO)

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NVR, Inc. Announces Third Quarter Results - Zibb.com

NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced that diluted earnings per share and net income for its third quarter ended September 30, 2008 decreased 60% when compared to the 2007 third quarter. Net income for the 2008 third quarter was $36,551,000, $6.12 per diluted share, compared to net income of $91,113,000, $15.26 per diluted share, for the same period of 2007. Consolidated revenues for the third quarter of 2008 totaled $939,211,000, a 27% decrease from $1,292,088,000 for the comparable 2007 quarter.

For the nine months ended September 30, 2008, consolidated revenues were $2,782,865,000, 25% lower than the $3,701,945,000 reported for the same period of 2007. Net income for the nine months ended September 30, 2008 was $131,349,000, a decrease of 51% when compared to the nine months ended September 30, 2007. Diluted earnings per share for the nine months ended September 30, 2008 was $22.21, a decrease of 47% from $42.25 per diluted share for the comparable period of 2007.

Homebuilding

New orders in the third quarter of 2008 decreased 25% to 2,002 units, when compared to 2,660 units in the third quarter of 2007. The cancellation rate in the quarter ended September 30, 2008 was 24% compared to 27% in the third quarter of 2007 and 19% in the second quarter of 2008. Settlements decreased in the third quarter of 2008 to 2,750 units, 21% less than the same period of 2007. The Company's backlog of homes sold but not settled at the end of the 2008 quarter decreased on a unit basis by 35% to 4,583 units and 44% on a dollar basis to $1,499,830,000 when compared to the same period last year.

Homebuilding revenues for the three months ended September 30, 2008 totaled $928,265,000, 27% lower than the year earlier period. Gross profit margins decreased to 13.2% in the 2008 third quarter compared to 14.4% for the same period in 2007. Gross profit margins were impacted by land deposit impairments of approximately $43,000,000, 461 basis points of revenue, in the 2008 third quarter, and approximately $97,000,000, 760 basis points of revenue, in the year ago period. Gross profit margins excluding the land deposit impairments were 17.8% in the 2008 third quarter compared to 22.0% for the same period in 2007. Income before tax from the homebuilding segment totaled $56,535,000 in the 2008 third quarter, a decrease of 56% when compared to the third quarter of the previous year. Operating unit activity and financial performance are being negatively impacted by high levels of new and existing home inventories, affordability issues, a tight mortgage lending environment and declining homebuyer confidence.

Mortgage Banking

Mortgage closed loan production of $610,313,000 for the three months ended September 30, 2008 was 23% lower than the same period last year. Operating income for the mortgage banking operations during the third quarter of 2008 decreased 76% to $4,072,000, when compared to $16,814,000 reported for the same period of 2007. Operating income in the current quarter was negatively impacted by a $4,100,000 decrease in unrealized income from the fair value measurements required under SFAS No. 157, Fair Value Measurement, and more competitive mortgage pricing.

Some of the statements in this release made by the Company constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-looking terminology, such as "believes," "expects," "may," "will," "should" or "anticipates" or the negative thereof or other variations thereof or comparable terminology, or by discussion of strategies, each of which involves risks and uncertainties. All statements other than those of historical facts included herein, including those regarding market trends, NVR's financial position, business strategy, the outcome of pending litigation, projected plans and objectives of management for future operations, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance of NVR to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements. Such risk factors include, but are not limited to, general economic and business conditions (on both a national and regional level), interest rate changes, access to suitable financing by NVR and NVR's customers, competition, the availability and cost of land and other raw materials used by NVR in its homebuilding operations, shortages of labor, weather related slow downs, building moratoria, governmental regulation, the ability of NVR to integrate any acquired business, fluctuation and volatility of stock and other financial markets, mortgage financing availability and other factors over which NVR has little or no control. The Company has no obligation to update such forward-looking statements.


                                  NVR, Inc.
                      Consolidated Statements of Income
                    (in thousands, except per share data)
                                 (Unaudited)

                              Three Months Ended        Nine Months Ended
                                 September 30,             September 30,
                              2008         2007         2008         2007

    Homebuilding:
      Revenues              $928,265   $1,270,471   $2,739,167   $3,642,721
      Other income             4,256        4,209       14,356       16,425
      Cost of sales         (805,931)  (1,087,399)  (2,305,231)  (3,002,746)
      Selling, general and
       administrative        (66,796)     (54,906)    (240,833)    (253,510)
        Operating income      59,794      132,375      207,459      402,890
      Interest expense        (3,259)      (3,375)      (9,730)      (9,995)
        Homebuilding income   56,535      129,000      197,729      392,895

    Mortgage Banking:
      Mortgage banking fees   10,946       21,617       43,698       59,224
      Interest income            929        1,078        2,608        3,415
      Other income               188          320          531          780
      General and
       administrative         (7,761)      (6,001)     (23,823)     (24,278)
      Interest expense          (230)        (200)        (544)        (513)
      Mortgage banking income  4,072       16,814       22,470       38,628

    Income before taxes       60,607      145,814      220,199      431,523

      Income tax expense     (24,056)     (54,701)     (88,850)    (164,842)

    Net income               $36,551      $91,113     $131,349     $266,681


    Basic earnings per share   $6.72       $17.25       $24.60       $48.35

    Diluted earnings per
     share                     $6.12       $15.26       $22.21       $42.25

    Basic average shares
     outstanding               5,438        5,283        5,340        5,516

    Diluted average shares
     outstanding               5,968        5,969        5,915        6,312


                                  NVR, Inc.
                         Consolidated Balance Sheets
               (in thousands, except share and per share data)

                                                 September 30,   December 31,
                                                      2008           2007
                                                  (unaudited)            -

    ASSETS

    Homebuilding:
      Cash and cash equivalents                     $963,313       $660,709
      Receivables                                     10,444         10,855
      Inventory:
       Lots and housing units, covered under
        sales agreements with customers              536,895        573,895
       Unsold lots and housing units                  67,570        105,838
       Manufacturing materials and other               6,555          9,121
                                                     611,020        688,854

      Contract land deposits                         130,575        188,528
      Assets not owned, consolidated
       per FIN 46R                                   127,074        180,206
      Property, plant and equipment, net              26,834         32,911
      Reorganization value in excess of amounts
       allocable to identifiable assets, net          41,580         41,580
      Goodwill and other indefinite and definite
       life intangibles, net                          11,707         11,782
      Other assets                                   253,785        252,461
                                                   2,176,332      2,067,886

    Mortgage Banking:
      Cash and cash equivalents                        1,728          3,500
      Mortgage loans held for sale, net              113,839        107,338
      Property and equipment, net                        903            881
      Reorganization value in excess of amounts
       allocable to identifiable assets, net           7,347          7,347
      Other assets                                     8,003          7,464

                                                     131,820        126,530

      Total assets                                $2,308,152     $2,194,416



                                                  September 30,   December 31,
                                                       2008           2007
                                                   (unaudited)          -
    LIABILITIES AND SHAREHOLDERS' EQUITY

    Homebuilding:
     Accounts payable                                $181,403       $219,048
     Accrued expenses and other liabilities           235,564        251,475
     Liabilities related to assets not owned,
      consolidated per FIN 46R                        118,323        164,369
     Customer deposits                                 93,117        125,315
     Other term debt                                    2,630          2,820
     Senior notes                                     200,000        200,000
                                                      831,037        963,027
    Mortgage Banking:
     Accounts payable and other liabilities            13,858         18,551
     Notes payable                                     90,782         83,463
                                                      104,640        102,014

     Total liabilities                                935,677      1,065,041

     Commitments and contingencies

     Shareholders' equity:
     Common stock, $0.01 par value; 60,000,000
      shares authorized; 20,561,187 and 20,592,640
      shares issued for September 30, 2008 and
      December 31, 2007, respectively                     206            206
     Additional paid-in capital                       706,560        663,631
     Deferred compensation trust -- 515,950 and
      516,085 shares of NVR, Inc. common stock for
      September 30, 2008 and December 31, 2007,
      respectively                                    (75,495)       (75,636)
     Deferred compensation liability                   75,495         75,636
     Retained earnings                              3,661,344      3,529,995
     Less treasury stock at cost -- 15,108,940 and
      15,455,086 shares for September 30, 2008 and
      December 31, 2007, respectively              (2,995,635)    (3,064,457)
     Total shareholders' equity                     1,372,475      1,129,375
     Total liabilities and shareholders'
      equity                                       $2,308,152     $2,194,416


                                  NVR, Inc.
                              Operating Activity
                                 (unaudited)
                            (dollars in thousands)


                           Three Months Ended     Nine Months Ended
                              September 30,         September 30,
                             2008       2007       2008        2007

    Homebuilding data:
      New orders (units):
       Mid Atlantic (1)       965      1,061      3,598       4,785
       North East (2)         205        260        725       1,022
       Mid East (3)           577        667      2,020       2,620
       South East (4)         255        672      1,060       1,895
        Total               2,002      2,660      7,403      10,322

     Average new order
      price                $302.9     $330.1     $314.1      $358.4

     Settlements (units):
       Mid Atlantic (1)     1,266      1,656      3,851       4,728
       North East (2)         264        345        813         918
       Mid East (3)           756        936      2,012       2,347
       South East (4)         464        539      1,289       1,646
        Total               2,750      3,476      7,965       9,639

     Average settlement
      price                $337.1     $365.1     $343.5      $377.5

    Backlog (units):
      Mid Atlantic (1)                            2,473       3,722
      North East (2)                                417         644
      Mid East (3)                                1,121       1,547
      South East (4)                                572       1,158
       Total                                      4,583       7,071

    Average backlog price                        $327.3      $381.2

    Community count
     (average)                426        506        437         517
    Lots controlled at
     end of period                               58,300      79,700

    Mortgage banking
     data:
      Loan closings      $610,313   $793,749 $1,727,718  $2,358,218
      Capture rate             86%        84%        84%         85%

    Common stock
     information:
      Shares outstanding at
       end of period
                                              5,452,247   5,135,600
      Number of shares
       repurchased              -    479,088          -     784,788
      Aggregate cost of
       shares repurchased       -   $297,859          -    $507,472

    (1)  Virginia, West Virginia, Maryland, and Delaware
    (2)  Eastern Pennsylvania and New Jersey
    (3)  Western Pennsylvania, Kentucky, New York and Ohio
    (4)  North Carolina, South Carolina and Tennessee


SOURCE NVR, Inc.

http://www.nvrinc.com

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Companies: NVR (YYAZA), NVR, Inc. (NVR)

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NVR, Inc. Announces Offering of $325 Million of Convertible Senior Notes Due 2038 - Zibb.com

NVR, Inc. (NYSE: NVR), one of the nation's largest homebuilding and mortgage banking companies, announced that it is commencing an underwritten public offering of $325 million aggregate principal amount of convertible senior notes due 2038 under its shelf registration statement filed with the Securities and Exchange Commission. NVR will also grant the underwriter an option to purchase up to an additional $48.75 million aggregate principal amount of notes, within 13 days of the initial issuance of the notes, to cover over-allotments.

The notes will be initially convertible, upon satisfaction of certain conditions, into a combination of cash up to the principal amount of the notes and cash, common stock or a combination thereof, at the company's election, with respect to any excess conversion value. Holders of the notes may require the company to repurchase the notes if the company is involved in certain types of corporate transactions or other events constituting a fundamental change. Beginning in September 2013, the company will have the right to redeem the notes, in whole or in part. Holders of the notes have the right to require the company to repurchase all or a portion of their notes for cash on September 15 of each of 2013, 2018, 2023, 2028 and 2033.

Credit Suisse Securities (USA) LLC will be the sole underwriter for the offering. A preliminary prospectus supplement and final prospectus related to the public offering will be filed with the Securities and Exchange Commission. Copies of the preliminary prospectus and final prospectus, when available, may be obtained from Credit Suisse, Prospectus Department, One Madison Avenue, New York, New York 10010 (telephone: 212-325-2580) or by faxing requests to 212-325-8057.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state. The offering may be made only by means of a prospectus and related prospectus supplement.

Some of the statements in this release made by the Company constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. All statements other than those of historical facts included herein, including those regarding the issuance of the notes and the successful completion of the notes offering, are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results or performance of NVR to be materially different from future results, performance or achievements expressed or implied by the forward-looking statements. Such risk factors include, but are not limited to, general economic and business conditions, interest rate changes, financial market conditions and other factors over which NVR has little or no control. NVR has no obligation to update such forward-looking statements.

SOURCE NVR, Inc.

http://www.nvrinc.com

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Tags: banking   business   corporate   election   mortgage   new_york   nyse   public offering   securities  

Companies: NVR (YYAZA), NVR, Inc. (NVR)

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NVR, INC. ANNOUNCES OFFERING OF $325 MILLION OF CONVERTIBLE SENIOR NOTES DUE 203 - Zibb.com

- NVR, INC. ANNOUNCES OFFERING OF $325 MILLION OF CONVERTIBLE SENIOR NOTES DUE 2038

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Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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Companies: NVR, Inc. (NVR)

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