Quarterly ResultApr 22, 2026, 02:11 PM
NVR Q1 Net Income Down 34% to $198.4M; New Orders Up 7%
AI Summary
NVR, Inc. reported a significant decline in its first-quarter 2026 financial results. Net income fell 34% to $198.4 million, with diluted earnings per share decreasing 29% to $67.76. Consolidated revenues also saw a 22% drop, totaling $1.88 billion compared to the prior year. Despite the financial downturn, the company experienced a 7% increase in new orders, reaching 5,738 units, though the average sales price for these orders decreased by 2%.
Key Highlights
- Net income decreased 34% to $198.4 million.
- Diluted EPS decreased 29% to $67.76.
- Consolidated revenues decreased 22% to $1.88 billion.
- New orders increased 7% to 5,738 units.
- Average sales price of new orders decreased 2% to $440,100.