NVR Q3 net income $429.3M ($130.50 EPS); revenue up 6% to $2.73B

NVR INC

2024-Q3 EPS reported $367.20 revenue$7,678,871,000

Diluted EPS of $130.50 (up 4% YoY) on net income of $429.3M (down 1% YoY).
Consolidated revenue $2.73B, up 6% from $2.57B; 9-month revenue $7.68B (+8%).
Homebuilding new orders rose 19% to 5,650 units; backlog units +9% to 11,339.
Homebuilding gross margin slipped to 23.4% (vs 24.3%) on higher lot costs and closing assistance.
Mortgage banking pretax income fell 9% to $34.9M due to lower secondary marketing gains.

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