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 2024

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Hovnanian Enterprises, Inc. Pfd Shs Series A

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.

Hovnanian Enterprises Stock Slips Post Q1 Results, Reiterates Q2, FY22 Outlook

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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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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