Hovnanian Enterprises

Hovnanian Enterprises, Inc. is a homebuilding company, which engages in the design, construction, and marketing of single-family attached town homes, attached townhomes and condominiums, urban infill, and lifestyle homes in planned residential developments. It operates through the following segments: Northeast, Southeast, and West. The Northeast segment consists of Delaware, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia. The Southeast segment focuses on Florida, Georgia, and South Carolina. The West segment includes Arizona, California, and Texas. The company was founded by Kevork S. Hovnanian in 1959 and is headquartered in Matawan, NJ.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Hovnanian Enterprises anticipates improved performance despite Q1 revenue decline

Hovnanian Enterprises faced revenue decline in Q1 2023 due to economic challenges but expects better performance ahead. Strong website visits and increased contracts per community signal positive momentum. The company is addressing challenges like lower margins on QMIs and sees opportunities in improving sales strategies.

Hovnanian Enterprises surpasses Q2 guidance, eyes debt reduction and growth

Hovnanian Enterprises delivered a strong performance in Q2 2023, surpassing guidance and benefiting from strong demand for quick move-in homes. The company's emphasis on debt reduction, cash position, and tax strategies positions it well for future growth and financial stability.

Hovnanian Enterprises excels in Q3, eyes growth amid market challenges

Hovnanian Enterprises delivered a robust performance in Q3, surpassing financial targets and demonstrating operational resilience amidst market challenges.
While facing uncertainties related to interest rates and global events, the company's strategic focus on debt reduction and customer-centric offerings positions them for future growth.
With strong sales, healthy margins, and a positive outlook for '24, Hovnanian has the opportunity to capitalize on market dynamics and drive sustained profitability.
The company's emphasis on liquidity, debt reduction, and customer satisfaction underscores their commitment to financial stability, operational excellence, and long-term value creation.

Hovnanian Enterprises excels in Q4, eyes aggressive growth strategy

Hovnanian Enterprises reported robust financial performance, exceeding revenue guidance and showcasing strong demand.
The company's focus on quick move-in homes and incentives drove sales growth, with optimism for future quarters.
While challenges like rising mortgage rates and cost pressures exist, opportunities for growth and balance sheet improvement are evident.
Executives hint at an aggressive growth strategy, emphasizing the company's strong financial position compared to peers.

Hovnanian Enterprises excels in Q1 with revenue growth and profit surge

Hovnanian Enterprises delivered strong financial results in Q1 '24, driven by revenue growth, profit increase, and strategic sales initiatives. The company's focus on debt reduction, sales pace, and future market prospects positions it well for growth and profitability.

Hovnanian Enterprises surpasses Q2 expectations, eyes growth amidst valuation challenges

Hovnanian Enterprises delivered robust financial results, exceeding guidance across key metrics. Despite market valuation challenges, the company remains confident in its growth prospects and performance. Strong focus on sustainable growth strategies and cost management is driving positive momentum.

Hovnanian Enterprises surpasses Q3 expectations, eyes growth opportunities ahead

Hovnanian Enterprises delivered strong financial results in Q3 2024, exceeding expectations and showcasing growth potential.
While facing challenges in contract volatility and debt management, the company benefits from market demand and expansion opportunities.
Strategic initiatives like debt restructuring and stock buybacks position the company well for future growth and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Hovnanian Enterprises, Inc. is a homebuilding company, which engages in the design, construction, and marketing of single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes in planned residential developments. It operates through the following segments: Northeast, Southeast, and West. The Northeast segment consists of Delaware, Maryland, New Jersey, Ohio, Pennsylvania, Virginia, and West Virginia. The Southeast segment focuses on Florida, Georgia, and South Carolina. The West segment includes Arizona, California, and Texas. The company was founded by Kevork S. Hovnanian in 1959 and is headquartered in Matawan, NJ.

MATAWAN, N.J., May 17, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2023, the morning of Wednesday, May 31, 2023. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, May 31, 2023.

Hovnanian Enterprises Announces Second Quarter Fiscal Year 2023 Earnings Release and Conference Call

Century Communities

LGI Homes

M.D.C. Holdings

Toll Brothers

Homebuilders remain a surprisingly strong sector as we head toward summer. New names have emerged and are in buy zones.

Homebuilder Stocks Still The Place To Be; Two In Buy Zones And Two Set To Report Earnings

FOLSOM, Calif. , April 24, 2023 /PRNewswire/ -- Canyon Partners Real Estate LLC ("Canyon") and Iron Point Manager LLC, a partnership between The Grupe Company, Guardian Capital and Cole Partners, announce a joint venture for the ground-up construction of Iron Point Apartments.

The Grupe Company and Canyon Partners Form Joint Venture to Develop 253 Unit Multifamily Project in Folsom, CA; Secure Construction Loan from Umpqua Bank

Hovnanian Enterprises, Inc. Pfd Shs Series A

Hovnanian Enterprises, Inc. (NYSE:HOV ) Q1 2023 Earnings Conference Call February 28, 2023 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President & Chief Executive Officer Larry Sorsby - Executive Vice President & Chief Financial Officer Brad O'Connor - Senior Vice President, Chief Accounting Officer & Treasurer Conference Call Participants Alex Barron - Housing Research Center Jesse Lederman - Zelman & Associates Operator Good morning, and thank you for joining us today for Hovnanian Enterprises Fiscal 2023 First Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.

Hovnanian Enterprises, Inc. (HOV) Q1 2023 Earnings Call Transcript

Gross Margins for the Quarter for Both Deliveries and Recent Contracts Remains Strong Net Contracts per Community Increased from 1.5 in November to 3.0 in January and Accelerated Further in February

Hovnanian Enterprises Reports Fiscal 2023 First Quarter Results

Green Brick Partners

Lennar

M/I Homes

Meritage Homes

SPDR S&P Homebuilders ETF

Amid a rising mortgage rate environment, home builders have flourished. Andrew Rocco breaks down why, and why the bull trend may continue.

"Interpret, don't Predict" When it Comes to Home Builders.

MATAWAN, N.J., Feb. 14, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2023 the morning of Tuesday, February 28, 2023. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, February 28, 2023.

Hovnanian Enterprises Announces First Quarter Fiscal Year 2023 Earnings Release and Conference Call

The homebuilders market is going to get worse before it gets better. The combination of rising interest and mortgage rates, and upcoming historically seasonal strength could be a crushing blow to Hovnanian Enterprises, Inc. if demand goes further to the downside.

Hovnanian Enterprises: Home-Ageddon Is Upon It

Start Time: 11:00 January 1, 0000 12:02 PM ET Hovnanian Enterprises, Inc. (NYSE:HOV ) Q4 2022 Earnings Conference Call December 08, 2022, 11:00 AM ET Company Participants Ara Hovnanian - Chairman, President and CEO Larry Sorsby - EVP and CFO Brad O'Connor - SVP, Chief Accounting Officer and Treasurer Jeff O'Keefe - VP, IR Conference Call Participants Alan Ratner - Zelman & Associates Alex Barron - Housing Research Center Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2022 Fourth Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.

Hovnanian Enterprises, Inc. (HOV) Q4 2022 Earnings Call Transcript

$320 Million Pretax Profit in Fiscal 2022 a 68% Year-over-Year Increase Gross Margin Percentage Increased 290 Basis Points Year-over-Year for Full Year Full Year Interest Expense as Percent of Total Revenue Declined 130 Basis Points Year-over-Year

Hovnanian Enterprises Reports Fiscal 2022 Fourth Quarter and Full Year Results

MATAWAN, N.J., Nov. 28, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the fourth quarter and fiscal year ended October 31, 2022 the morning of Thursday, December 8, 2022. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 8, 2022.

Hovnanian Enterprises Announces Fiscal Year 2022 Earnings Release and Conference Call

Announces Increased Focus on Preserving Liquidity Announces Increased Focus on Preserving Liquidity

Hovnanian Enterprises Reiterates Fiscal 2022 Guidance Except for Updating EPS Guidance to Between $28.50 and $30.00

RED BANK, N.J., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be participating in a fireside chat at Deutsche Bank's 30th Annual Leveraged Finance Conference on Tuesday, September 20, 2022 at 4:35 p.m. ET.

Hovnanian Enterprises to Present at Deutsche Bank's 30th Annual Leveraged Finance Conference

Housing remains in serious shortage. Hovnanian's near-term earnings and cash generation are guaranteed to be large.

Homebuilder Hovnanian: Crazy Cheap, Trust The Data

Hovnanian Enterprises, Inc. (NYSE:HOV ) Q3 2022 Earnings Conference Call September 1, 2022 11:00 AM ET Company Participants Jeff O'Keefe - Vice President of Investor Relations Ara Hovnanian - Chairman, President, and Chief Executive Officer Larry Sorsby - Executive Vice President, and Chief Financial Officer Brad O'Connor - Senior Vice President, Chief Accounting Officer, and Treasurer Conference Call Participants Kwaku Abrokwah - Goldman Sachs Jesse Lederman - Zelman & Associates Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2022 Third Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.

Hovnanian Enterprises, Inc. (HOV) Q3 2022 Earnings Call Transcript

Shares of Hovnanian Enterprises Inc. HOV, +2.37% leapt 3.2% in afternoon trading Thursday, to bounce off the previous session's 19-month closing low, after the home builder a big jump in fiscal third-quarter profit and lifted its full-year outlook, despite signs of a slowing housing market. Net income for the quarter to July 31 rose to $79.95 million, or $10.82 a share, from $47.70 million, or $6.72 a share, in the year-ago period.

Hovnanian stock rallies after big profit rise, raised outlook even as home demand continues to slow

81% Year-over-Year Increase in Pretax Profit Gross Margin Percentage Increased 390 Basis Points Year-over-Year Interest Expense as Percent of Revenue Declined 140 Basis Points Year-over-Year Backlog Cancellation Rate Increased to 8% From 6% Last Year Consolidated Contract Dollars Declined 23% Year-over-Year Increased Full Year EBITDA, Gross Margin and Adjusted Pretax Profit Guidance

Hovnanian Enterprises Reports Fiscal 2022 Third Quarter Results

MATAWAN, N.J., Aug. 18, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2022 the morning of Thursday, September 1, 2022. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, September 1, 2022.

Hovnanian Enterprises Announces Third Quarter Fiscal Year 2022 Earnings Release and Conference Call

This $56 stock should earn about $30 per share this year. That's a 2 P/E! I review the '06 housing meltdown, and how both the industry and Hovnanian are radically different today.

Buy Homebuilder Hovnanian. Under The Radar, And Under Suspicion

Hovnanian Enterprises, Inc. (NYSE:HOV ) Q2 2022 Results Conference Call June 1, 2022 11:00 AM ET Company Participants Jeff O'Keefe - VP, IR Ara Hovnanian - Chairman, President and CEO Larry Sorsby - EVP and CFO Brad O'Connor - SVP, Chief Accounting Officer and Treasurer Conference Call Participants Alan Ratner - Zelman & Associates Alex Barron - Housing Research Center Kwaku Abrokwah - Goldman Sachs Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2022 Second Quarter Earnings Conference Call. An archive of the webcast will be available after the completion of the call and run for 12 months.

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q2 2022 Results - Earnings Call Transcript

Shares of Hovnanian Enterprises Inc. HOV, +7.18% surged 6.4% toward a fifth-straight gain in morning trading Wednesday, after the home builder reported fiscal second-quarter earnings that more than tripled, when excluding the benefit of last year's valuation allowance reduction, and gross margin that improved by more than five percentage points. Net income for the quarter to April 30 was $59.8 million, or $8.39 a share, after income of $488.7 million, or $69.65 a share, in the year-ago period.

Hovnanian stock surges toward 5th-straight gain after adjusted earnings triple, gross margin improves

161% Year-over-Year Increase in Pretax Profit Gross Margin Percentage Increased 520 Basis Points Year-over-Year 5% Increase in Consolidated Dollar Amount of Contracts 16% Increase in Consolidated Backlog Dollars to $2.06 Billion Early Retirement of $100 Million of Senior Secured Notes

Hovnanian Enterprises Reports Fiscal 2022 Second Quarter Results

MATAWAN, N.J., May 18, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2022 the morning of Wednesday, June 1, 2022. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, June 1, 2022.

Hovnanian Enterprises Announces Second Quarter Fiscal Year 2022 Earnings Release and Conference Call

Hovnanian Enterprises' (HOV) CEO Ara Hovnanian on Q1 2022 Results - Earnings Call Transcript

Hovnanian Enterprises, Inc (NYSE: HOV) reported first-quarter FY22 revenue of $565.31 million, a decline of 1.6% year-over-year, and below its Q1 outlook for total revenues of $640 million - $670 million. Homebuilding gross margin, after the cost of sales interest expense and land.

News for Hovnanian Enterprises Stock (HOV)