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Jun 30, 2024

NVR Q2 2024 Earnings Report

NVR reported an increase in consolidated revenues and a slight decrease in net income for Q2 2024.

Key Takeaways

NVR, Inc. announced its second-quarter results, with consolidated revenues increasing by 12% to $2.61 billion. Net income decreased slightly by 1% to $400.9 million, while diluted earnings per share increased by 4% to $120.69.

Consolidated revenues increased by 12% to $2.61 billion compared to Q2 2023.

Net income decreased slightly by 1% to $400.9 million compared to Q2 2023.

Diluted earnings per share increased by 4% to $120.69 compared to Q2 2023.

Homebuilding revenues increased by 12% to $2.55 billion.

Total Revenue
$2.61B
Previous year: $2.34B
+11.7%
EPS
$121
Previous year: $117
+3.6%
New Orders
6.07K
Previous year: 5.91K
+2.7%
Settlements
5.66K
Previous year: 5.09K
+11.3%
Effective Tax Rate
24.9%
Previous year: 14.3%
+74.1%
Gross Profit
$612M
Previous year: $614M
-0.4%
Cash and Equivalents
$2.5B
Previous year: $2.68B
-6.8%
Free Cash Flow
$226M
Previous year: $19.9M
+1034.2%
Total Assets
$6.41B
Previous year: $6.27B
+2.2%

NVR

NVR

NVR Revenue by Segment

NVR Revenue by Geographic Location

Forward Guidance

The document does not contain any forward guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income