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 Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

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.

Hovnanian Enterprises reports robust Q4 results amidst operational challenges

Hovnanian Enterprises delivered strong financial performance in Q4 2024, with revenue growth, despite facing operational challenges from natural disasters.
The company's strategic focus on sales pace and growth bodes well for future expansion and shareholder returns, underlining a commitment to long-term success.
While challenges like weather disruptions impacted Q4, Hovnanian's growth plans and market opportunities position it for continued success and resilience.

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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.

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. Pfd Shs Series A

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

Hovnanian Enterprises Reports Fiscal 2021 Second Quarter Results

MATAWAN, N.J., May 20, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the second quarter ended April 30, 2021 the morning of Thursday, June 3, 2021. The Company will webcast its second quarter earnings conference call at 11:00 a.m. (ET) on Thursday, June 3, 2021.

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

The stock price of Hovnanian Enterprises, Inc. (NYSE: HOV) increased by 33.18%. This is why it happened.

HOV Stock Price Increased 33.18%: Why It Happened

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q1 2021 Results - Earnings Call Transcript

$27 Million Year-over-Year Improvement in Pretax Income First Quarter Gross Margin Percentage Increased 440 Basis Points Year-over-Year 85% Year-over-Year Increase in Consolidated Backlog Dollars to $1.67 Billion 51% Year-over-Year Increase in Land and Land Development Spend

Hovnanian Enterprises Reports Fiscal 2021 First Quarter Results

MATAWAN, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the first quarter ended January 31, 2021 the morning of Tuesday, March 2, 2021. The Company will webcast its first quarter earnings conference call at 11:00 a.m. (ET) on Tuesday, March 2, 2021.

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

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q4 2020 Results - Earnings Call Transcript

Fourth Quarter Gross Margin I ncreased 290 B asis P oints $ 9 5 Mil lion Year-over-Year Improvement in Fiscal 2020 Pretax Income 61% Year-over-Year Increase in Consolidated Backlog Dollars at Year End to $1.42 Billion Fourth Quarter Consolidated Contracts per Community Improved 74% Year-over-Year

Hovnanian Enterprises Reports Fiscal 2020 Fourth Quarter and Full Year Results

MATAWAN, N.J., Nov. 30, 2020 (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, 2020 the morning of Wednesday, December 9, 2020. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Wednesday, December 9, 2020.

Hovnanian Enterprises Announces Fiscal Year 2020 Earnings Release and Conference Call

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q3 2020 Results - Earnings Call Transcript

30% Year-over-Year Increase in Total Revenues  $23 Million Year-over-Year Improvement in Pretax Income  47% Year-over-Year Improvement in Consolidated Contracts

Hovnanian Enterprises Reports Fiscal 2020 Third Quarter Results

MATAWAN, N.J., Aug.  20, 2020  (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2020 the morning of Thursday, September 3, 2020. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, September 3, 2020.

Hovnanian Enterprises Announces Third Quarter Fiscal Year 2020 Earnings Release and Conference Call

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Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q2 2020 Results - Earnings Call Transcript

22% Year-over-Year Increase in Total Revenues  120 Basis Point Year-over-Year Improvement in Gross Margin Percentage  Consolidated Contracts per Community Grew 8% Year-over-Year

Hovnanian Enterprises Reports Fiscal 2020 Second Quarter Results

Hovnanian Enterprises, Inc. (HOV) CEO Ara Hovnanian on Q1 2020 Results - Earnings Call Transcript

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MATAWAN, N.J., Dec.  06, 2019  (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV) (the “Company”) announced today the results of the offers to exchange (the “Exchange Offers”) by its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc. (the “Issuer”), the Issuer’s outstanding 10.000% senior secured notes due 2022 (the “Old 2022 Notes”) and outstanding 10.500% senior secured notes due 2024 (the “Old 2024 Notes” and, together with the Old 2022 Notes, the “Old Notes”) for new 10.000% Senior Secured 1.75 Lien Notes due 2025 (the “New 2025 Notes”) to be issued by the Issuer, and to be guaranteed by the Company and substantially all of its subsidiaries, other than the Issuer, its home mortgage subsidiaries, certain of its title insurance subsidiaries, joint ventures and subsidiaries holding interests in joint ventures (collectively, the “Guarantors”) and related solicitations of consents from holders of the Old Notes to certain proposed amendments to the indenture governing the Old Notes (the “Consent Solicitations”).

Hovnanian Enterprises, Inc. Announces Results of Exchange Offers for Certain of its Debt Securities and Receipt of Requisite Consents in Consent Solicitation With Respect to 10.500% Senior Secured Notes Due 2024

Hovnanian Enterprises, Inc.'s (HOV) CEO Ara Hovnanian on Q4 2019 Results - Earnings Call Transcript

Shares of Hovnanian Enterprises Inc.  rallied 5.7% in morning trading Thursday, after the home builder reported a 16% jump in revenue for its fiscal fourth quarter and a 17% increase in home deliveries.

News for Hovnanian Enterprises Stock (HOV)