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

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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.

HOV's strategic focus on contracts and land expansion drives strong Q4 growth despite cost and margin pressures.

Hovnanian Enterprises Q4 Earnings Decline Y/Y, Revenues Up

Hovnanian Enterprises, Inc. Pfd Shs Series A

Hovnanian Enterprises, Inc. (NYSE:HOV ) Q4 2024 Earnings Conference Call December 5, 2024 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer Conference Call Participants Alan Ratner - Zelman & Associates Alex Barron - Housing Research Center Austin Hopper - AWH Capital Operator Good morning and thank you for joining us today for Hovnanian Enterprises Fiscal 2024 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 2024 Earnings Call Transcript

Full Year Income Before Income Taxes Increased 24% Year-Over-Year 44% Year-Over-Year Quarterly Growth in Consolidated Contracts Total Consolidated Lots Controlled Increased 32% Year-Over-Year 47% Year-Over-Year Growth in Annual Land and Land Development Spend

Hovnanian Enterprises Reports Fiscal 2024 Fourth Quarter and Full Year Results

MATAWAN, N.J., Dec. 04, 2024 (GLOBE NEWSWIRE) -- K.

K. Hovnanian️'s Northeast Division Awarded Special Honors by U.S. Department of Energy

MATAWAN, N.J., Dec. 02, 2024 (GLOBE NEWSWIRE) -- K.

K. Hovnanian® Homes Launches Groundbreaking New Website

MATAWAN, N.J., Nov. 21, 2024 (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, 2024, the morning of Thursday, December 5, 2024. The Company will webcast its fourth quarter earnings conference call at 11:00 a.m. (ET) on Thursday, December 5, 2024.

Hovnanian Enterprises Announces Fiscal Year 2024 Earnings Release and Conference Call

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K. Hovnanian® Homes is proud to announce the U.S. Department of Energy (DOE) recognized their Phoenix Division as a 2024 Housing Innovation award winner.

K. Hovnanian® Homes Recognized with Department of Energy Housing Innovation Award

MATAWAN, N.J., Sept. 16, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at Deutsche Bank's 32nd Annual Leveraged Finance Conference taking place on Tuesday, September 24, 2024, at 11:00 am ET.

Hovnanian Enterprises to Present at Deutsche Bank's 32nd Annual Leveraged Finance Conference

Hovnanian Enterprises, Inc. is experiencing impressive net sales growth due to lower mortgage rates and strategic initiatives like quick-move-in homes and curated "looks" packages. The company's reduction in debt, increase in assets, and free cash flow growth are expected to boost stock demand and price. Despite risks from interest rate hikes, labor shortages, and raw material scarcity, HOV is significantly undervalued and ongoing stock repurchases may enhance its value.

Hovnanian Enterprises: Lower Mortgage Rates And Quick-Move-In Homes Imply Undervaluation

A y/y increase in home sales revenues aids Hovnanian's (HOV) earnings in Q3.

Hovnanian (HOV) Q3 Earnings Rise Y/Y, '24 Revenue View Hikes

Hovnanian Enterprises, Inc. (NYSE:HOV ) Q3 2024 Results Conference Call August 22, 2024 11:00 AM ET Company Participants Jeff O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer David Mitrisin - Vice President, Corporate Controller Conference Call Participants Alan Ratner - Zelman & Associates Jordan Hymowitz - Philadelphia Financial Management of San Francisco Alex Barron - Housing Research Center Operator Good morning, and thank you for joining us today for Hovnanian Enterprises Fiscal 2024 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 2024 Earnings Call Transcript

Hovnanian Enterprises (NYSE: HOV ) just reported results for the third quarter of 2024. Hovnanian Enterprises reported earnings per share of $9.75.

HOV Stock Earnings: Hovnanian Enterprises Reported Results for Q3 2024

11% Year-Over-Year Growth in Total Revenues Income Before Income Taxes Increased 38% Year-Over-Year 24% Year-Over-Year Growth in Consolidated Community Count Total Consolidated Lots Controlled Increased 34% Year-Over-Year Increased Midpoint of Full Year Adjusted Income Before Income Tax Guidance by 11% to $313 Million

Hovnanian Enterprises Reports Fiscal 2024 Third Quarter Results

MATAWAN, N.J., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, will release financial results for the third quarter ended July 31, 2024, the morning of Thursday, August 22, 2024. The Company will webcast its third quarter earnings conference call at 11:00 a.m. (ET) on Thursday, August 22, 2024.

Hovnanian Enterprises Announces Third Quarter Fiscal 2024 Earnings Release and Conference Call

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Hovnanian Enterprises is a cheap homebuilder catering to a wide audience with homes ranging from $135,000 to $1.77 million. Despite a decline in revenue and profitability in 2023, the company has seen growth in orders and deliveries in 2024. With attractively priced shares and potential industry weakness, Hovnanian Enterprises is upgraded to a "strong buy" based on impressive performance.

Hovnanian Enterprises: Strong Additional Upside Is Warranted

MATAWAN, N.J., June 25, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced that Moody's Ratings (“Moody's”) has upgraded Hovnanian's corporate family rating to B2 from B3. In a press release issued on June 24, 2024, Moody's cited an improvement in the company's leverage profile through solid operating performance and growth in net worth, as well as through the recently completed debt exchange transaction. Moody's outlook for Hovnanian remains stable.

Hovnanian Enterprises Announces Credit Rating Upgrade From Moody's Ratings

Discover why Zacks rates Hovnanian (HOV) as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore its robust financial restructuring and market growth amid competitive and market challenges.

Zacks Initiates Coverage of Hovnanian With Neutral Recommendation

MATAWAN, N.J., June 12, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, today announced that S&P Global Ratings (“S&P”) has upgraded Hovnanian's issuer credit rating to ‘B' from ‘B-' citing better than expected debt leverage, sustained community count growth, steady demand in home sales and a focus on cash flow management, which will allow the company to grow the business through internally generated cash flows as contributing factors in a press release issued on June 11, 2024. S&P's outlook for Hovnanian is stable.

Hovnanian Enterprises Announces Credit Rating Upgrade From S&P Global Ratings

MATAWAN, N.J., June 05, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, announced that senior management will be presenting at the Sidoti June Virtual Investor Conference taking place on June 12-13, 2024.

Hovnanian Enterprises to Present at Sidoti Virtual Investor Conference

Higher home sales and improved gross margins aid Hovnanian's (HOV) earnings in Q2.

Hovnanian (HOV) Sees Y/Y Q2 Earnings Rise, Beats Liquidity Targets

Hovnanian Enterprises, Inc. (NYSE:HOV ) Q2 2024 Earnings Conference Call May 22, 2024 11:00 AM ET Company Participants Jeffrey O'Keefe - Vice President, Investor Relations Ara Hovnanian - Chairman, President, Chief Executive Officer Brad O'Connor - Chief Financial Officer and Treasurer Conference Call Participants Natalie Kulasekere - Zelman & Associates Alex Barron - Housing Research Center Operator Good morning, and thank you for joining us today for Hovnanian Enterprises' Fiscal 2024 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) Q2 2024 Earnings Call Transcript

Income Before Income Taxes Increased More Than 50% Year-Over-Year 170 Basis Points Year-Over-Year Increase in Homebuilding Gross Margin Percentage Net Contracts per Community Increased Year-Over-Year to 13.9

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