---
schema_version: "secwatch.filing_event.v1"
accession: "0000906163-24-000065"
form_type: "8-K"
ticker: "NVR"
cik: "0000906163"
company_name: "NVR INC"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T13:16:41.068520+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0000906163-24-000065
- form_type: 8-K
- ticker: NVR
- cik: 0000906163
- company_name: NVR INC
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906163/000090616324000065/0000906163-24-000065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906163/000090616324000065/nvr-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000906163-24-000065
- JSON: https://secwatch.observer/filing/0000906163-24-000065.json
- Plain text: https://secwatch.observer/filing/0000906163-24-000065.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/906163/000090616324000065/0000906163-24-000065-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.