Loading...
•
Jun 30, 2023
NVR Q2 2023 Earnings Report
Net income decreased due to lower homebuilding revenue, while new orders increased.
Key Takeaways
NVR, Inc. reported a decrease in net income and diluted earnings per share for the second quarter of 2023 compared to the same period in 2022, primarily due to a decrease in homebuilding revenues. However, new orders increased by 27% year-over-year.
Net income decreased by 7% to $404.0 million, or $116.54 per diluted share.
Consolidated revenues decreased by 12% to $2.34 billion.
Homebuilding new orders increased by 27% to 5,905 units.
Mortgage banking income before tax increased by 25% to $36.5 million.
Revenue by Segment
Forward Guidance
This document does not contain explicit forward guidance. The release contains cautionary language regarding forward-looking statements and risk factors that may affect future performance.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...