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AI brief of an SEC Form 8-K · NVR (NVR)

NVR first-quarter net income rises 14% to $394.3 million; diluted EPS up 17%

Positive Impact 3 of 5 earnings Written later

NVR reported first-quarter 2024 net income of $394.3 million, or $116.41 per diluted share, up 14% and 17% from the first quarter of 2023. Consolidated revenues rose 7% to $2.33 billion, and the company repurchased 66,858 shares for $496.9 million during the quarter, compared with $110.0 million a year earlier. Both headline earnings measures and revenue improved, although the gross profit margin slipped slightly to 24.5% from 24.6%.

Key points

  • Net income of $394.3 million, up 14% from $344.4 million; diluted EPS of $116.41 versus $99.89
  • Consolidated revenues of $2.33 billion, up 7% from $2.18 billion
  • Settlements rose 10% to 5,089 units; new orders rose 3% to 6,049 units; cancellation rate 13% versus 14%
  • Gross profit margin of 24.5% versus 24.6%; shares repurchased for $496.9 million versus $110.0 million

The filing

CompanyNVR (NVR)
Form8-K, current report
Filed with the SECApr 23, 2024, 9:41 AM ET
Accession number0000906163-24-000065

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.