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.

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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.

81% Year-over-Year Increase in Pretax Profit Gross Margin Percentage Increased 260 Basis Points Year-over-Year Interest Expense as a Percent of Total Revenues Declined 240 Basis Points Year-Over-Year Consolidated Backlog Dollars Increased 13% to $1.89 Billion 21% Increase in Consolidated Controlled Lots

Hovnanian Enterprises Reports Fiscal 2022 First Quarter Results

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Housing Industry Valuations. They Range From Insanely Cheap To Insanely Expensive

MATAWAN, N.J., Feb. 15, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2022 the morning of Tuesday, March 1, 2022. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, March 1, 2022.

Hovnanian Enterprises Announces First Quarter Fiscal Year 2022 Earnings Release And Conference Call

MATAWAN, N.J., Jan. 24, 2022 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced today that Miriam Hernandez-Kakol, the retired Partner and Global Head, Management Consulting Practice of KPMG LLP, has been appointed to its Board of Directors effective immediately. The addition of Ms. Hernandez-Kakol expands Hovnanian's Board of Directors to eight members, six of whom are independent directors. Ms. Hernandez-Kakol is a transformational global business leader who has built and scaled multiple businesses to success and solved critical challenges across diverse industries. She has more than 20 years of experience architecting data-driven, technology-enabled programs at leading Fortune 100 companies.

Miriam Hernandez-Kakol Appointed to the Board of Directors of Hovnanian Enterprises, Inc.

I have previously recommended PulteGroup, M/I Homes and Hovnanian Enterprises. These stocks are selling in a remarkably low P/E range of 3.3 to 5.6. Further, Hovnanian and M/I Homes are selling well below liquidation value.

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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q4 2021 Results - Earnings Call Transcript

The stock price of Hovnanian Enterprises, Inc. (NYSE: HOV) increased by over 16% during intraday trading today. This is why it happened.

Hovnanian Enterprises Stock (HOV): Why The Price Jumped Today

Shares of Hovnanian Enterprises Inc. HOV, +13.55% shot up 13% toward a six-month high in morning trading Thursday, after the home builder reported fiscal fourth-quarter profit, revenue and gross margin that all rose from a year ago as home deliveries increased. Net income for the quarter to Oct. 31 rose to $52.5 million, or $7.41 a share, from $40.6 million, or $5.54 a share, in the same period a year ago.

Hovnanian stock soars toward a 6-month high after profit, revenue and gross margin rise in latest quarter

$190 Million Pretax Profit in Fiscal 2021 a 243% Increase Over the Prior Year 82% Year-over-Year Increase in Fourth Quarter Pretax Profit Gross Margin Percentage Increased 390 Basis Points Year-over-Year for Full Year Consolidated Backlog Dollars Increased to $1.64 Billion Community Count Increased to 140 up 17% Sequentially From the Third Quarter

Hovnanian Enterprises Reports Fiscal 2021 Fourth Quarter and Full Year Results

MATAWAN, N.J., Nov. 29, 2021 (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, 2021 the morning of Thursday, December 9, 2021. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 9, 2021.

Hovnanian Enterprises Announces Fiscal Year 2021 Earnings Release and Conference Call

I am bullish of the homebuilding industry demand and supply stories. Hovnanian remains a turnaround story from the '08-'11 housing crisis, but that turnaround now seems sustainable.

Homebuilder Hovnanian: The Lowest P/E On The NYSE

Shares of Hovnanian Enterprises Inc. HOV, +1.46% fell 3% in the extended session Tuesday after the home builder lowered its guidance for the full-year 2021 and the fourth quarter ending Oct. 31, saying it was "not immune to the same supply-chain delays that our peers have mentioned recently." Those snags "have been even more pronounced" in the month since its September fiscal third-quarter call, Chief Executive Ara K.

Hovnanian lowers fiscal 2021, Q4 guidance on supply-chain delays

MATAWAN, N.J., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced revised guidance for the fourth quarter and full year ended October 31, 2021. The Company is providing this information in advance of meetings with investors at an upcoming investor conference.

Hovnanian Enterprises Announces Revised Fourth Quarter and Fiscal Year 2021 Guidance

RED BANK, N.J., Sept. 29, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at Deutsche Bank's 29th Annual Leveraged Finance Conference (Virtual) on Wednesday, October 6, 2021 at 10:00 a.m. ET.

Hovnanian Enterprises To Present At The Deutsche Bank's 29th Annual Leveraged Finance Conference

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q3 Fiscal 2021 Results - Earnings Call Transcript

Hovnanian Enterprises, Inc. (NYSE: HOV) reported third-quarter sales growth of 10% year-over-year to $690.68 million. Homebuilding gross margin after the cost of sales interest expense and land charges increased 560 bps to 19.2%.

Hovnanian Enterprises Shares Gain On Raised FY21 Outlook

Pretax Profit Increased 281% to $62 Million Gross Margin Percentage Increased 560 Basis Points Year-over-Year 42% Year-over-Year Increase in Consolidated Backlog Dollars to $1.75 Billion Paid Off $111 Million of Senior Secured Notes in the Third Quarter and an Additional $70 Million Early in the Fourth Quarter

Hovnanian Enterprises Reports Fiscal 2021 Third Quarter Results

MATAWAN, N.J., Aug. 26, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2021 the morning of Thursday, September 9, 2021. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, September 9, 2021.

Hovnanian Enterprises Announces Third Quarter Fiscal Year 2021 Earnings Release and Conference Call

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In light of surging home prices, five homebuilding stocks that have outperformed the Standard & Poor's 500 Index during the first half of 2021 are LGI Homes Inc. ( LGIH , Financial), Skyline Champion Corp. ( SKY , Financial), Century Communities Inc. ( CCS , Financial), Hovnanian Enterprises Inc. ( HOV , Financial) and Toll Brothers Inc. ( TOL , Financial) according to the All-in-One Screener, a Premium feature of GuruFocus.

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Shares of homebuilder Hovnanian Enterprises, Inc. (NYSE:HOV) have crashed. Since June 1, shares have lost more than 40% of their value.

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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q2 2021 Results - Earnings Call Transcript

31% Year-over-Year Rise in Total Revenues Gross Margin Percentage Increased 360 Basis Points Year-over-Year 85% Year-over-Year Increase in Consolidated Backlog Dollars to $1.77 Billion Raised Full Year 2021 Profitability Guidance Issued Redemption Notice for Remaining Principal Amount of 10% Senior Secured Notes Due 2022

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