NYSE$NVR

NVR Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Reported a decrease in net income and revenue compared to the same period last year.

NVR, Inc. reported a decrease in net income and revenue for the first quarter ended March 31, 2023. Net income decreased by 19% to $344.4 million, and diluted earnings per share decreased by 14% to $99.89. Consolidated revenues totaled $2.18 billion, an 8% decrease compared to the first quarter of 2022.

  • Net income for Q1 2023 was $344.4 million, a 19% decrease year-over-year.
  • Diluted earnings per share for Q1 2023 decreased by 14% to $99.89.
  • Consolidated revenues for Q1 2023 totaled $2.18 billion, an 8% decrease year-over-year.
  • Homebuilding revenues decreased by 8% to $2.13 billion.

Headline financials

Total Revenue

$2.18B

Previous: $2.38B-8.4%
EPS (adj)

$99.89

Previous: $116.56-14.3%
Order Cancellation Rate

14.0%

No prior period
Loan Closings

$1.24M

Previous: $1.48M-16.7%
Capture Rate

83.0%

Previous: 86.0%-3.5%
Capital Expenditures

-$2.71M

Previous: -$4.06M+33.1%
Free Cash Flow

$342M

Previous: $422M-19.1%
Net Income

$344M

Previous: $426M-19.2%
Operating Income

$2.17B

Previous: $2.37B-8.5%
Gross Profit

$2.18B

Previous: $2.38B-8.4%
Cash & Equivalents

$2.86B

Previous: $2.16B+32.5%
Total Assets

$6.08B

Previous: $5.73B+6.1%
Stock-Based Comp

$22.3M

Previous: $11.7M+90.9%

Revenue & EPS history

NVR · Revenue · Quarterly

$2.18B

Q1 2023-8.4%vs Q1 2022
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

NVR · $51M total across 1 segment · Q1 2023

  • Mortgage Banking
    $51M-29.6%

Forward guidance

This earnings report contains forward-looking statements regarding market trends, NVR’s financial position, and business strategy, which are subject to risks and uncertainties.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+0.8%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

46%

32 / 69 earnings

Positive

+11.9%

Q4 2016

Best reaction

-8.8%

Q2 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-6.5%-13.1%
Q4 2025+1.6%+2.9%+0.2%
Q3 2025-1.3%-4.5%-5.2%
Q2 2025-1.2%-0.6%+1.4%
Q1 2025+1.1%+0.9%+1.2%
Q4 2024-3.8%-4.4%-14.3%
Q3 2024-2.5%-3.4%-7.3%
Q2 2024-2.7%-0.5%+4.0%
Q1 2024-0.1%-2.0%-5.3%
Q4 2023-0.4%+3.0%+7.3%
Q3 2023-2.3%-2.2%+13.0%
Q2 2023+2.4%+1.8%-2.6%
Q1 2023-4.8%-2.1%-5.6%
Q4 2022+6.7%+5.2%+3.9%
Q3 2022+3.4%+5.6%+11.2%
Q2 2022-2.1%-1.6%-2.2%
Q1 2022+0.2%+0.5%-0.1%
Q4 2021+3.1%-1.0%-7.5%
Q3 2021-3.5%-3.6%+3.3%
Q2 2021+2.3%+2.7%+5.3%
Q1 2021-1.6%+0.5%-5.1%
Q4 2020-2.0%-0.6%-0.8%
Q3 2020-0.2%-1.1%-0.8%
Q2 2020+10.5%+16.0%+25.2%
Q1 2020-0.0%+11.1%+10.1%
Q4 2019-1.2%-3.3%-5.1%
Q3 2019+1.1%-0.1%-4.9%
Q2 2019-0.3%-3.6%-0.2%
Q1 2019+4.2%+1.0%+5.3%
Q4 2018+1.6%+5.1%+6.3%
Q3 2018-3.6%-3.4%+6.7%
Q2 2018-8.8%-12.1%-17.2%
Q1 2018+0.6%+0.9%-2.5%
Q4 2017-8.4%-10.6%-16.4%
Q3 2017+11.1%+10.5%+12.4%
Q2 2017+8.9%+9.5%+9.7%
Q1 2017-3.0%-3.5%+7.8%
Q4 2016+11.9%+10.4%+13.4%
Q3 2016-2.4%-3.8%-1.3%
Q2 2016-1.3%-1.7%-4.0%
Q1 2016-2.9%
Q4 2015+3.9%
Q3 2015+4.7%
Q2 2015+3.8%
Q1 2015+2.1%
Q4 2014-3.0%
Q3 2014+7.5%
Q2 2014+7.8%
Q1 2014-6.4%
Q4 2013+10.3%
Q3 2013-2.4%
Q2 2013-0.3%
Q1 2013-0.3%
Q4 2012+5.4%
Q3 2012+3.3%
Q2 2012+5.0%
Q1 2012+1.6%
Q4 2011-1.7%
Q3 2011-1.1%
Q2 2011-5.2%
Q1 2010-0.1%
Q1 2011-1.0%
Q4 2008+1.9%
Q4 2010+1.9%
Q3 2009+2.9%
Q3 2010+2.9%
Q2 2009-0.5%
Q2 2010-0.5%
Q4 2009-0.5%

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