NVR GAAP EPS of $99.89, revenue of $2.18B

• NVR press release (NYSE:NVR): Q1 GAAP EPS of $99.89.
• Revenue of $2.18B (-8.4% Y/Y).
• Net income for its first quarter ended March 31, 2023 of $344.4 million.
• New orders in the first quarter of 2023 decreased by 1% to 5,888 units, when compared to 5,927 units in the first quarter of 2022.
• The average sales price of new orders in the first quarter of 2023 was $441,200, a decrease of 5% when compared with the first quarter of 2022.
• Homebuilding revenues of $2.13 billion in the first quarter of 2023 decreased by 8% compared to homebuilding revenues of $2.31 billion in the first quarter of 2022.
• Gross profit margin in the first quarter of 2023 decreased to 24.6%, compared to 28.5% in the first quarter of 2022.
• Income before tax from the homebuilding segment totaled $405.8 million in the first quarter of 2023, a decrease of 22% when compared to the first quarter of 2022.