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Mar 31, 2023
NVR Q1 2023 Earnings Report
Reported a decrease in net income and revenue compared to the same period last year.
Key Takeaways
NVR, Inc. reported a decrease in net income and revenue for the first quarter ended March 31, 2023. Net income decreased by 19% to $344.4 million, and diluted earnings per share decreased by 14% to $99.89. Consolidated revenues totaled $2.18 billion, an 8% decrease compared to the first quarter of 2022.
Net income for Q1 2023 was $344.4 million, a 19% decrease year-over-year.
Diluted earnings per share for Q1 2023 decreased by 14% to $99.89.
Consolidated revenues for Q1 2023 totaled $2.18 billion, an 8% decrease year-over-year.
Homebuilding revenues decreased by 8% to $2.13 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
This earnings report contains forward-looking statements regarding market trends, NVR’s financial position, and business strategy, which are subject to risks and uncertainties.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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