{"schema_version":"secwatch.filing_event.v1","accession":"0000906163-23-000038","form_type":"8-K","ticker":"NVR","cik":"0000906163","company_name":"NVR INC","filed_at":"2023-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.738723+00:00","generated_at":"2026-06-16T18:03:39.887374+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NVR Q1 net income falls 19% to $344.4M; EPS $99.89 vs $116.56; revenue down 8%","bullets":["Net income $344.4M ($99.89 diluted EPS) vs $426.1M ($116.56) in Q1 2022, down 19% and 14% respectively.","Consolidated revenue $2.18B, down 8% from $2.38B; homebuilding settlements fell 11% to 4,639 units, average price up 4% to $459,400.","Homebuilding gross margin contracted to 24.6% from 28.5%; segment income before tax down 22% to $405.8M.","New orders down 1% to 5,888 units; cancellation rate rose to 14% from 10%; backlog fell 23% in units (10,411) and dollars ($4.79B).","Mortgage banking income before tax $28.1M, down 43% from $49.1M, driven by lower secondary marketing gains on loan sales."],"urls":{"canonical":"https://secwatch.observer/filing/0000906163-23-000038","json":"https://secwatch.observer/filing/0000906163-23-000038.json","markdown":"https://secwatch.observer/filing/0000906163-23-000038.md","text":"https://secwatch.observer/filing/0000906163-23-000038.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/906163/000090616323000038/0000906163-23-000038-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/906163/000090616323000038/nvr-20230425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T18:03:39.887374+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3937396a5e3870800a5b852a82a6637e1748d3e4","claim":"NVR INC reported the first quarter ended March 31, 2023 results: revenue $2.18 billion, net income $344.4 million, EPS $99.89 per diluted share.","evidence_excerpt":"NVR, Inc. (NYSE: NVR) , one of the nation’s largest homebuilding and mortgage banking companies, announced net income for its first quarter ended March 31, 2023 of $344.4 million, or $99.89 per diluted share. Net income and diluted earnings per share for the first quarter ended March 31, 2023 decreased 19% and 14%, respectively, when compared to 2022 first quarter net income of $426.1 million, or $116.56 per diluted share. Consolidated revenues for the first quarter of 2023 totaled $2.18 billion, which decreased 8% from $2.38 billion in the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/906163/000090616323000038/0000906163-23-000038-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$2.18 billion"},{"label":"Net income","value":"$344.4 million"},{"label":"EPS","value":"$99.89 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}