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Mar 31, 2024
NVR Q1 2024 Earnings Report
Reported an increase in net income and revenue compared to the previous year.
Key Takeaways
NVR, Inc. reported a strong first quarter with a 14% increase in net income to $394.3 million and a 7% increase in consolidated revenues to $2.33 billion. Homebuilding revenues also increased by 7%, driven by a 10% increase in settlements. The mortgage banking segment saw an 11% increase in closed loan production.
Net income increased by 14% to $394.3 million, or $116.41 per diluted share.
Consolidated revenues increased by 7% to $2.33 billion.
Homebuilding settlements increased by 10% to 5,089 units.
Mortgage closed loan production increased by 11% to $1.38 billion.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in the earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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