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    NVR Inc (NVR)

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    NVR, Inc. is a company that operates primarily in the homebuilding and mortgage banking sectors. The homebuilding segment constructs and sells single-family detached homes, townhomes, and condominium buildings under the trade names Ryan Homes, NVHomes, and Heartland Homes, targeting various buyer demographics . The company operates in thirty-six metropolitan areas across sixteen states and Washington, D.C. . The mortgage banking segment, through NVR Mortgage Finance, Inc. (NVRM), provides mortgage-related services primarily to NVR's homebuyers .

    1. Homebuilding - Constructs and sells single-family detached homes, townhomes, and condominium buildings under the trade names Ryan Homes, NVHomes, and Heartland Homes. Ryan Homes targets first-time and first-time move-up buyers, while NVHomes and Heartland Homes cater to move-up and luxury buyers .
      • Mid Atlantic - Contributes to the company's revenue through homebuilding operations in this geographic region .
      • North East - Engages in homebuilding activities, adding to the company's overall revenue .
      • Mid East - Participates in homebuilding, supporting the company's revenue generation .
      • South East - Involved in homebuilding, contributing to the company's revenue .
    2. Mortgage Banking - Provides mortgage-related services primarily to NVR's homebuyers, generating revenue from origination fees, gains on sales of loans, and title fees .
    NamePositionExternal RolesShort Bio

    Eugene J. Bredow

    ExecutiveBoard

    President and CEO

    None

    Joined NVR in 2004. Former President of NVR Mortgage (2019-2022) and Chief Accounting Officer (2016-2018). Became CEO on May 4, 2022.

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    Daniel D. Malzahn

    Executive

    SVP, CFO, and Treasurer

    None

    Joined NVR in 1994. CFO and Treasurer since 2013. Promoted to SVP in 2016.

    Matthew B. Kelpy

    Executive

    VP and Chief Accounting Officer

    None

    Joined NVR in 2017 as VP and Controller. Became Chief Accounting Officer in 2018.

    C. E. Andrews

    Board

    Director

    Board Member at Marriott Vacations Worldwide

    Director at NVR since 2008. Former CEO of MorganFranklin Consulting and President of RSM McGladrey. Extensive experience in financial and accounting management.

    Paul C. Saville

    Board

    Executive Chairman of the Board

    None

    Joined NVR in 1981. Former CEO (2005-2022). Extensive experience in homebuilding, financial management, and restructuring.

    Sallie B. Bailey

    Board

    Director

    Board Member at The Azek Company and L3Harris

    Director at NVR since 2020. Former CFO of Louisiana-Pacific Corporation and Ferro Corporation. Extensive experience in financial leadership.

    Thomas D. Eckert

    Board

    Director

    Board Member at Park Hotels & Resorts

    Director at NVR since 2011. Extensive experience in homebuilding, real estate, and public company board service. Former board member of Chesapeake Lodging Trust.

    Program DetailsProgram 1Program 2
    Approval DateFebruary 14, 2024 May 7, 2024
    End Date/DurationFully utilized by September 2024 No expiration date specified
    Total additional amount$750 million $750 million
    Remaining authorization$0 $682.5 million
    DetailsFully utilized Ongoing, part of strategy to increase shareholder value
    YearAmount Due (Billions)Debt TypeInterest Rate (%)% of Total Debt
    20300.9 Senior Notes3.00 100% = (0.9B / 0.9B) * 100
    NameStart DateEnd DateReason for Change
    KPMG LLP1987 PresentCurrent auditor

    Recent press releases and 8-K filings for NVR.

    NVR Inc. Announces Q1 2025 Results
    NVR
    Earnings
    Revenue Acceleration/Inflection
    • Net income for Q1 2025 fell 24% to $299.6 million with diluted earnings at $94.83 compared to Q1 2024 levels, indicating a notable decline (documents ).
    • Consolidated revenues increased by 3% to $2.40 billion in Q1 2025, reflecting modest growth in the period (documents ).
    • The homebuilding segment experienced a 12% decrease in new orders and a slight drop in average sales price, alongside a decrease in the gross profit margin from 24.5% to 21.9% (documents ).
    1 day ago
    NVR Inc Enters New Credit Agreement
    NVR
    Debt Issuance
    • On March 11, 2025, NVR Inc entered into a Second Amended and Restated Credit Agreement featuring a five-year, $300 million senior unsecured revolving credit facility with an uncommitted accordion feature that could increase the aggregate commitment to $600 million and includes a $100 million sublimit for letters of credit.
    • The new agreement extends the maturity date from February 11, 2026 to March 11, 2030 and maintains key financial covenants, continuing the terms of its previous credit agreement.
    Mar 12, 2025, 12:00 AM