NVR INC
For the period ended Mar 31, 2024. Filed May 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
NVR$6,036.42-4.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Condensed Consolidated Statements of Income (unaudited)
Condensed Consolidated Statements of Income
(in thousands, except per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Homebuilding: | ||
| Revenues | $2,286,177 | $2,131,333 |
| Other income | 40,866 | 32,946 |
| Cost of sales | (1,726,213) | (1,607,910) |
| Selling, general and administrative | (152,503) | (143,618) |
| Operating income | 448,327 | 412,751 |
| Interest expense | (6,649) | (7,001) |
| Homebuilding income | 441,678 | 405,750 |
| Mortgage Banking: | ||
| Mortgage banking fees | 47,286 | 46,944 |
| Interest income | 4,092 | 3,018 |
| Other income | 1,171 | 989 |
| General and administrative | (23,358) | (22,634) |
| Interest expense | (177) | (257) |
| Mortgage banking income | 29,014 | 28,060 |
| Income before taxes | 470,692 | 433,810 |
| Income tax expense | (76,423) | (89,458) |
| Net income | $394,269 | $344,352 |
| Basic earnings per share | $123.76 | $106.31 |
| Diluted earnings per share | $116.41 | $99.89 |
| Basic weighted average shares outstanding | 3,186 | 3,239 |
| Diluted weighted average shares outstanding | 3,387 | 3,447 |
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