NVR reports Q4 EPS $121.56 (-9% YoY); new orders surge 25% to 5,190 units

NVR INC

2023-FY EPS reported $463.31 revenue$9,518,202,000

Net income $410.1M ($121.56 diluted EPS) vs $454.8M ($133.44) in Q4 2022, down 10% and 9% respectively.
Consolidated revenues $2.43B, down 10% from $2.71B; full-year revenues $9.52B, down 10%.
New orders in Q4 increased 25% to 5,190 units; cancellation rate improved to 13% from 18%.
Homebuilding gross margin fell to 24.1% (Q4) vs 25.3% a year ago; mortgage banking income before tax rose 12% to $29.7M.
Backlog units up 12% to 10,229 units; dollar backlog $4.76B (+10%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NVR INC reported fourth quarter ended December 31, 2023 results: revenue $2.43 billion, net income $410.1 million, EPS $121.56 per diluted share.

Period: fourth quarter ended December 31, 2023
Revenue: $2.43 billion
Net income: $410.1 million
EPS: $121.56 per diluted share
Result: reported results

Exact text from the filing

9%, respectively, when compared to 2022 fourth quarter net income of $454.8 million, or $133.44 per diluted share. Consolidated revenues for the fourth quarter of 2023 totaled $2.43 billion, which decreased 10% from $2.71 billion in the fourth quarter of 2022. For the year ended December 31, 2023, consolidated revenues were $9.52 billion, a 10% decrease from $10.53

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NVR INC reported year ended December 31, 2023 results: revenue $9.52 billion, net income $1.59 billion, EPS $463.31 per diluted share.

Period: year ended December 31, 2023
Revenue: $9.52 billion
Net income: $1.59 billion
EPS: $463.31 per diluted share
Result: reported results

Exact text from the filing

quarter of 2023 totaled $2.43 billion, which decreased 10% from $2.71 billion in the fourth quarter of 2022. For the year ended December 31, 2023, consolidated revenues were $9.52 billion, a 10% decrease from $10.53 billion reported in 2022. Net income for the year ended December 31, 2023 was $1.59 billion, a decrease of 8% when compared to net income for the year

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Source: SEC EDGAR

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