secwatch.observer — SEC 8-K summary
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Issuer:     NVR INC (NVR)
CIK:        0000906163
Form:       8-K
Filed at:   2025-01-28T23:59:59+00:00
Accession:  0000906163-25-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NVR Q4 net income $457M ($139.93 EPS), up 12%; revenue $2.85B, up 17% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/906163/000090616325000003/0000906163-25-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/906163/000090616325000003/nvr-20250128.htm
  HTML page:      https://secwatch.observer/filing/0000906163-25-000003

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