secwatch.observer — SEC 8-K summary
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Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0000906163-24-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616324000004/0000906163-24-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616324000004/nvr-20240130.htm
  HTML page:      https://secwatch.observer/filing/0000906163-24-000004

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