NVR Third Quarter 2024 Earnings: In Line With Expectations

NVR (NYSE:NVR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$2.77b (up 6.0% from 3Q 2023).
• Net income: US$429.3m (flat on 3Q 2023).
• Profit margin: 16% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$140.

All figures shown in the chart above are for the trailing 12 month (TTM) period

NVR Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Consumer Durables industry in the US.

Performance of the American Consumer Durables industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on NVR's balance sheet.

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