earnings
confidence high
sentiment positive
materiality 0.80
NVR Q4 net income $457M ($139.93 EPS), up 12%; revenue $2.85B, up 17% YoY
NVR INC
2024-FY EPS reported
$506.69
revenue$10,524,479,000
- Q4 net income $457.4M ($139.93 diluted EPS) vs $410.1M ($121.56) prior year, increases of 12% and 15% respectively.
- Consolidated revenue $2.85B (+17% YoY); full-year 2024 revenue $10.52B (+11%), net income $1.68B (+6%).
- Homebuilding Q4 settlements up 16% to 6,180 units; new orders down 8% to 4,794 units; gross margin 23.6% (24.1% prior year).
- Mortgage banking Q4 pretax income $45.9M (+55% YoY) on $1.70B closed loans, driven by higher secondary marketing gains.
- Effective tax rate Q4 20.1% vs 15.3% due to lower excess tax benefits from stock option exercises.