NVR Q1 net income up 14% to $394.3M; EPS $116.41, +17% YoY

NVR INC

2024-Q1 EPS reported $116.41 revenue$2,333,463,000

Revenue $2.33B, +7% YoY; homebuilding revenue $2.29B, +7%.
New orders 6,049 units (+3%); avg. price $454,300 (+3%); cancellation rate 13%.
Settlements 5,089 units (+10%); avg. price $449,200 (-2%).
Backlog 11,189 units (+7%) valued at $5.22B (+9%).
Mortgage closed loans $1.38B (+11%); effective tax rate 16.2% vs. 20.6%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NVR INC reported first quarter ended March 31, 2024 results: revenue $2.33 billion, net income $394.3 million, EPS $116.41 per diluted share.

Period: first quarter ended March 31, 2024
Revenue: $2.33 billion
Net income: $394.3 million
EPS: $116.41 per diluted share
Result: reported results

Exact text from the filing

and 17%, respectively, when compared to 2023 first quarter net income of $344.4 million, or $99.89 per diluted share. Consolidated revenues for the first quarter of 2024 totaled $2.33 billion, which increased 7% from $2.18 billion in the first quarter of 2023. Homebuilding New orders in the first quarter of 2024 increased by 3% to 6,049 units, when compared to 5,888

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Source: SEC EDGAR

accession 0000906163-24-000065

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