Oct 22, 12:07 PM ET
NVR reported third-quarter 2026 net income of $248.6 million, or $89.45 per diluted share, down 27% and 20% respectively from the prior-year quarter. Consolidated revenue fell to $2.40 billion from $2.61 billion, and homebuilding gross profit margin declined to 18.3% from 21.0%, which the company attributed to higher lot costs, pricing pressure and $24.8 million in contract land deposit impairments.
- Q3 2026 net income $248.6 million, down from $342.7 million; diluted EPS $89.45 versus $112.33
- Q3 2026 consolidated revenue $2.40 billion versus $2.61 billion in Q3 2025
- Q3 2026 new orders fell 7% to 4,391 units; cancellation rate rose to 21% from 19%
- Nine-month net income $683.4 million, down 30%; company repurchased $237.2 million of shares in the quarter
Read the filing on SEC.gov ↗
Jul 23, 1:54 PM ET
NVR reported second-quarter 2026 net income of $236.5 million, or $83.96 per diluted share, down 29% and 23% from the same quarter of 2025. Consolidated revenue fell to $2.33 billion from $2.60 billion, and the homebuilding gross profit margin dropped to 19.2% from 21.5%. New orders rose 9%, but settlements fell 8%, and lower profit and margins weigh on shareholder returns.
- Second-quarter net income was $236.5 million, or $83.96 per diluted share, versus $333.7 million, or $108.54 per diluted share, in 2025.
- Consolidated revenue was $2.33 billion versus $2.60 billion a year earlier; homebuilding gross profit margin was 19.2% versus 21.5%.
- New orders rose 9% to 5,885 units, while settlements fell 8% to 5,058 units; backlog reached 10,998 units as of June 30, 2026.
- Six-month net income was $434.8 million, down 31%, and six-month diluted earnings per share were $151.38, down 26%.
Read the filing on SEC.gov ↗
May 15, 5:07 PM ET
On May 14, 2026, NVR's Compensation Committee approved stock option grants to four executive officers, with Chairman Paul Saville and CEO Eugene Bredow each receiving 5,238 options. Half of each award vests on December 31, 2028 based on continued employment, and the other half also depends on NVR's return on capital from 2026 through 2028. The grants are routine compensation actions tied partly to performance.
- Grant date May 14, 2026; exercise price $5,720.10 per share, the prior day's closing price
- Paul C. Saville (Executive Chairman) and Eugene J. Bredow (President and CEO) each received 5,238 options
- Daniel D. Malzahn (CFO) received 2,670 options and Matthew B. Kelpy (Chief Accounting Officer) received 544 options
- Performance-based half vests based on NVR return on capital during 2026 through 2028
Read the filing on SEC.gov ↗
Apr 22, 2:04 PM ET
NVR, Inc. reported first-quarter 2026 net income of $198.4 million, or $67.76 per diluted share, down 34% and 29% from a year earlier. Consolidated revenue fell 22% to $1.88 billion as home settlements declined, and homebuilding gross profit margin narrowed to 19.6%. For shareholders, the lower profit and margins outweigh the 7% rise in new orders.
- Net income was $198.4 million, or $67.76 per diluted share, versus $299.6 million, or $94.83 per diluted share, in Q1 2025.
- Consolidated revenue was $1.88 billion, down 22% from $2.40 billion; settlements fell 22% to 4,015 units.
- New orders rose 7% to 5,738 units, while homebuilding gross profit margin fell to 19.6% from 21.9%.
- NVR repurchased 90,180 shares for an aggregate cost of $632 million in the quarter.
Read the filing on SEC.gov ↗
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