NYSE$NVR
NVR Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Net income increased while consolidated revenues decreased.
NVR, Inc. reported a 5% increase in net income to $433.2 million and a 6% increase in diluted earnings per share to $125.26 for the third quarter ended September 30, 2023. However, consolidated revenues decreased by 7% to $2.57 billion compared to the third quarter of 2022.
- Net income increased by 5% compared to Q3 2022.
- Diluted earnings per share increased by 6% compared to Q3 2022.
- Consolidated revenues decreased by 7% compared to Q3 2022.
- Homebuilding gross profit margin increased to 24.3% from 23.6% in Q3 2022.
Headline financials
Revenue & EPS history
NVR · Revenue · Quarterly
$2.57B
Revenue by segment
NVR · $62.9M total across 1 segment · Q3 2023
- Mortgage Banking$62.9M+49.0%100.0%
Forward guidance
The company provided forward-looking statements regarding market trends, financial position, business strategy, and future operations, but did not provide specific financial guidance for future periods.
Tailwinds
- Potential for market growth and expansion.
- Strong financial position to support future investments.
- Effective business strategies to drive performance.
- Opportunities to improve operational efficiency.
- Favorable market trends that could boost revenue and profits.
Headwinds
- General economic and business conditions.
- Interest rate changes.
- Competition.
- Availability and cost of land and other raw materials.
- Shortages of labor.
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 Q3 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
| Quarter | Report date | Reaction (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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