NVR said net income for Q4 2024 was $457.4 million (diluted earnings per share of $139.93), an increase of 12% compared to Q4 2023 $410.1 million, and full-year net income was $1.68 billion, an increase of 6%.

1. 01

   NVR said net income for Q4 2024 was $457.4 million (diluted earnings per share of $139.93), an increase of 12% compared to Q4 2023 $410.1 million, and full-year net income was $1.68 billion, an increase of 6%.

2. 02

   The company said new orders in Q4 2024 decreased 8% to 4,794 units, and settlements increased 16% to 6,180 units. Gross profit margin in the same quarter was 23.6%, down from 24.1% in Q4 2023.

3. 03

   NVR said income before tax from the mortgage banking segment for Q4 2024 was $45.9 million, an increase of 55% compared to Q4 2023 $29.7 million. The company said this increase was primarily attributable to an increase in secondary marketing gains on sales of loans.

4. 04

   The company disclosed that during the 12 months of 2024 it repurchased 256,871 shares for $2,057,677 (in thousands). In the same period of 2023, repurchases were 181,499 shares for $1,081,815 (in thousands).

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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