secwatch.observer — SEC 8-K summary
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Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0000906163-23-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NVR Q4 net income $454.8M, EPS $133.44 (+50% YoY); new orders down 27%
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- Net income $454.8M ($133.44 diluted EPS) vs $334.6M ($89.09) in Q4 2021; consolidated revenue $2.71B (+22% YoY).
- Homebuilding new orders 4,153 units (-27% YoY); cancellation rate 18% (vs 10% in Q4 2021).
- Backlog 9,162 units (-28%); settlements 5,749 units (+13%) avg price $464K (+9%).
- Homebuilding gross margin 25.3% (vs 24.4%); $25M land deposit impairment (94 bps).
- Mortgage banking income before tax $26.4M (-24% YoY); closed loan production $1.52B (+3%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616323000002/0000906163-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616323000002/nvr-20230131.htm
  HTML page:      https://secwatch.observer/filing/0000906163-23-000002

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