secwatch.observer — SEC 8-K summary
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Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0000906163-24-000118
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616324000118/0000906163-24-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616324000118/nvr-20241022.htm
  HTML page:      https://secwatch.observer/filing/0000906163-24-000118

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer