secwatch.observer — SEC 8-K summary
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Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000906163-24-000094
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NVR Q2 net income down 1% to $400.9M; EPS up 4% to $120.69; revenue up 12% to $2.61B
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- Net income $400.9M from $404.0M YoY; diluted EPS $120.69 from $116.54 on lower share count.
- Consolidated revenue $2.61B (+12%); homebuilding settlements +11% to 5,659 units at flat avg price $450,200.
- New orders +3% to 6,067 units; avg price +3% to $458,800; cancellation rate 13% vs 11% YoY.
- Homebuilding gross margin 23.6% vs 24.3% YoY; backlog units +3% to 11,597, dollar value +6% to $5.45B.
- Mortgage banking pretax income $45.0M, up 23% on higher secondary marketing gains.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616324000094/0000906163-24-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616324000094/nvr-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000906163-24-000094

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