NVR Q2 revenue rises 12% to $2.61 billion; net income dips 1% to $400.9 million
NVR reported second-quarter 2024 revenue of $2.61 billion, up 12%, and net income of $400.9 million, down 1% from a year earlier. Diluted earnings per share rose 4% to $120.69 because the company had fewer diluted shares outstanding, and homebuilding gross profit margin fell to 23.6% from 24.3%.
Key points
- Q2 net income $400.9 million, down 1% from $404.0 million; diluted EPS $120.69, up 4% from $116.54
- Q2 consolidated revenues $2.61 billion, up 12% from $2.34 billion; homebuilding gross profit margin 23.6% vs. 24.3%
- Six months ended June 30, 2024: revenues $4.95 billion, up 10%; diluted EPS $237.05, up 9%
- Q2 share repurchases of 83,168 shares at an aggregate cost of $639.0 million
The filing
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 July 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.