earnings
confidence high
sentiment neutral
materiality 0.70
NVR Q3 net income $433.2M ($125.26 EPS), up 5% YoY; revenue down 7% to $2.57B
NVR INC
2023-Q3 EPS reported
$341.97
revenue$7,085,632,000
- Net income $433.2M, diluted EPS $125.26, up 5% and 6% YoY respectively.
- Consolidated revenue $2.57B, down 7% from $2.78B in Q3 2022.
- Homebuilding new orders 4,746 units, up 7% YoY; avg sales price $456,100, up 1%.
- Settlements 5,606 units, down 6%; avg settlement price $448,000, down 3%.
- Mortgage banking income before tax $38.5M, up 119% on higher secondary marketing gains.