secwatch.observer — SEC 8-K summary
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Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0000906163-22-000097
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NVR Q3 net income up 24% to $411M; EPS $118.51; new orders down 15%, cancellations rise to 15%
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- Net income $411.4M ($118.51 diluted EPS) vs $332.1M ($86.44) in Q3 2021, up 37% per share.
- Consolidated revenues $2.78B (+16%); homebuilding revenue $2.74B (+17%); gross margin 23.6% vs 22.2%.
- New orders 4,421 units (-15% YoY); cancellation rate 15% (vs 9%); backlog units -11% to 10,758.
- Mortgage banking income before tax $17.6M, down 55% from $39.0M on lower secondary marketing gains.
- Nine-month diluted EPS $358.61 (+55% YoY); effective tax rate 24.3% vs 22.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616322000097/0000906163-22-000097-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616322000097/nvr-20221025.htm
  HTML page:      https://secwatch.observer/filing/0000906163-22-000097

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