NVR (NVR) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter decreased compared to the immediately preceding quarter but increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3B
Revenue reported for this quarter.
Quarter-over-quarter
-4.1%
Change from the immediately preceding quarter.
Year-over-year
+7.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $2.3B | -12.1% |
| Sep 30, 2023 | $2.6B | -7.5% |
| Dec 31, 2023 | $2.4B | -10.3% |
| Mar 31, 2024 | $2.3B | +7.1% |
Revenue performance
The reported revenue was lower than the prior quarter, marking a sequential decline. However, compared to the same quarter last year, the company achieved growth.
Quarterly comparison
Sequentially, revenue fell from the previous quarter, while on a year-over-year basis, revenue rose. This contrasts with the trend of sequential declines seen in recent quarters.
What to watch
Monitor whether revenue can sustain year-over-year growth given the recent pattern of sequential declines.