Welcome to our dedicated page for Hovnanian Enterprises news (Ticker: HOV), a resource for investors and traders seeking the latest updates and insights on Hovnanian Enterprises stock.
Hovnanian Enterprises, Inc. (NYSE: HOV) is a Matawan, New Jersey-based homebuilder that regularly issues detailed updates on its operations, capital structure and guidance. As one of the nation’s largest homebuilders, with operations in states including Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia, the company’s news flow offers insight into trends across multiple U.S. housing markets.
On this page, readers can follow Hovnanian’s earnings announcements, where the company reports quarterly and annual results, homebuilding gross margins, contracts, community counts, backlog and non-GAAP metrics such as EBITDA, Adjusted EBITDA and Adjusted EBIT ROI. These releases often include management commentary on housing demand, incentives, land strategy, liquidity and returns on equity and inventory.
Hovnanian also issues news about its financing activities and balance sheet management. Recent items have covered the pricing and issuance of senior notes due 2031 and 2033, the redemption of higher coupon secured notes, repayment of a senior secured term loan facility and amendments to its revolving credit facility that extend maturities and set interest terms. Such announcements help investors understand how the company is managing leverage, interest expense and its maturity schedule.
In addition, Hovnanian’s news includes information about investor conference presentations, strategic initiatives and international collaborations. For example, the company has reported a strategic Memorandum of Understanding between its Middle East subsidiary and Saudi Arabia’s NHC, as well as participation in investor conferences. Bookmark this page to access a consolidated feed of HOV news, from earnings releases and guidance updates to capital markets transactions and strategic partnerships.
Hovnanian Enterprises (HOV) reported a 243% increase in pretax profit for fiscal 2021, totaling $190 million. The fourth quarter saw a 82% rise in pretax profit, with total revenues up 19.2% to $814.3 million. The homebuilding gross margin improved by 390 basis points year-over-year, reaching 18.6% for the full year. Consolidated backlog increased 15.4% to $1.64 billion. Hovnanian's community count rose to 140, up 17% sequentially. For Q1 2022, revenue guidance is set between $640 million and $670 million.
Hovnanian Enterprises, Inc. (NYSE: HOV) is set to release its financial results for the fourth quarter and fiscal year ending October 31, 2021, on December 9, 2021. The results will be discussed in a live webcast at 11:00 a.m. ET on the same day, accessible via the company’s Investor Relations section. An archive of the webcast will be available for one year for those unable to attend live. Founded in 1959, Hovnanian is among the largest national homebuilders, operating in multiple states and marketing homes under the K. Hovnanian Homes brand.
Hovnanian Enterprises, Inc. (HOV) revised its guidance for the fourth quarter and full year of fiscal 2021, citing significant supply chain challenges. Total revenues for Q4 are projected between $780 million and $830 million, with adjusted pretax income estimated at $45 million to $60 million. For the entire fiscal year, revenues are expected between $2.75 billion and $2.80 billion, with adjusted pretax income between $160 million and $175 million. The company anticipates over 200% year-over-year improvement in pretax profitability, supported by a healthy contract pace and increased community count for fiscal 2022.
Hovnanian Enterprises (NYSE: HOV), a prominent national homebuilder, will present at Deutsche Bank’s 29th Annual Leveraged Finance Conference virtually on October 6, 2021, at 10:00 a.m. ET. Participants can access the live webcast via the Investor Relations section of Hovnanian's website at http://www.khov.com. An archive of the presentation will be available afterward. Founded in 1959, Hovnanian operates in multiple states and is recognized as a leading builder of active lifestyle communities.
Hovnanian Enterprises, Inc. (HOV) reported strong fiscal third-quarter results, with revenues up 10% to $690.7 million and pretax income rising 281% to $62 million. Gross margin increased 560 basis points to 19.2%, while consolidated backlog dollars rose 42% to $1.75 billion. The company paid off $181 million in senior secured notes in Q3 and Q4. Despite a 31% drop in consolidated contract dollars to $609.1 million, overall nine-month performance showed an 18.5% revenue increase to $1.97 billion. Q4 revenue guidance is set between $830 and $880 million, with total fiscal 2021 revenue expected to reach $2.80 billion to $2.85 billion.
Hovnanian Enterprises, Inc. (NYSE: HOV) will announce its third-quarter financial results for the period ending July 31, 2021, on September 9, 2021. The earnings conference call will take place at 11:00 a.m. (ET) and will be accessible via the company's website. An archived version of the call will be available for review afterwards. Founded in 1959, Hovnanian is a prominent national homebuilder with operations across multiple states, known for its K. Hovnanian Homes brand and active lifestyle communities.
Hovnanian Enterprises reported a 31% year-over-year rise in total revenues for Q2 2021, reaching $703.2 million. The company's gross margin increased by 360 basis points to 18.1%, and consolidated backlog grew 85% year-over-year to $1.77 billion. Adjusted EBITDA surged by 49.9% to $76.3 million. Hovnanian raised its full-year profitability guidance amidst strong demand for new homes. A redemption notice for 10% senior secured notes due 2022 was also issued.
Hovnanian Enterprises, Inc. (NYSE: HOV) will announce its financial results for Q2 ended April 30, 2021, on June 3, 2021. A conference call, including a slide presentation, will occur at 11:00 a.m. ET on the same day, accessible via the company's Investor Relations page. Participants are encouraged to join five minutes early. An archive will be available post-event, with the telephone replay accessible for one week and the webcast archive for 12 months. Founded in 1959, Hovnanian is among the largest homebuilders in the U.S., known for K. Hovnanian Homes.
Hovnanian Enterprises (HOV) reported a significant turnaround in its fiscal first quarter results ending January 31, 2021. Key highlights include a 16.3% increase in total revenues to $574.7 million, and a remarkable 85% increase in consolidated backlog to $1.67 billion. The company achieved a $27 million improvement in pretax income, with net income of $19 million or $2.75 per diluted share. Gross margins improved by 440 basis points to 17.3%. The outlook for fiscal 2021 indicates revenues between $2.65 billion and $2.80 billion.
Hovnanian Enterprises, Inc. (NYSE: HOV) will announce its financial results for the first quarter ending January 31, 2021, on March 2, 2021. The earnings conference call is scheduled for 11:00 a.m. (ET) and will be accessible via a live webcast through the Company’s website, khov.com. An archive will be available for a year. Founded in 1959, Hovnanian is one of the largest homebuilders in the U.S., operating in various states and offering active lifestyle communities.