Loading...
•
Sep 30, 2023
NVR Q3 2023 Earnings Report
Net income increased while consolidated revenues decreased.
Key Takeaways
NVR, Inc. reported a 5% increase in net income to $433.2 million and a 6% increase in diluted earnings per share to $125.26 for the third quarter ended September 30, 2023. However, consolidated revenues decreased by 7% to $2.57 billion compared to the third quarter of 2022.
Net income increased by 5% compared to Q3 2022.
Diluted earnings per share increased by 6% compared to Q3 2022.
Consolidated revenues decreased by 7% compared to Q3 2022.
Homebuilding gross profit margin increased to 24.3% from 23.6% in Q3 2022.
NVR
NVR
NVR Revenue by Segment
NVR Revenue by Geographic Location
Revenue by Segment
Mortgage Banking Revenue
CapyFin.comRevenue by Geographic Location
Mid Atlantic Revenue
CapyFin.comNorth East Revenue
CapyFin.comMid East Revenue
CapyFin.comSouth East Revenue
CapyFin.com Forward Guidance
The company provided forward-looking statements regarding market trends, financial position, business strategy, and future operations, but did not provide specific financial guidance for future periods.
Positive Outlook
- Potential for market growth and expansion.
- Strong financial position to support future investments.
- Effective business strategies to drive performance.
- Opportunities to improve operational efficiency.
- Favorable market trends that could boost revenue and profits.
Challenges Ahead
- General economic and business conditions.
- Interest rate changes.
- Competition.
- Availability and cost of land and other raw materials.
- Shortages of labor.