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, Inc. (NYSE: HOV) will announce its fourth quarter and fiscal year financial results for the period ending October 31, 2022, on December 8, 2022. The earnings conference call is scheduled for 11:00 a.m. ET and will be available via webcast on the company's investor relations page. Hovnanian is recognized as one of the largest national homebuilders, with operations across several states and a focus on active lifestyle communities.
Hovnanian Enterprises, Inc. (NYSE:HOV) has announced its decision to pause the early retirement of $100 million in senior secured notes due to ongoing economic uncertainties, including rising inflation and potential recessions. The company aims to preserve liquidity and expects to exceed its liquidity target of $245 million by the end of fiscal 2022. They reaffirmed full-year revenue guidance of $2.80 billion to $3.00 billion but warned that achieving the high end will be challenging, particularly due to high cancellation rates and impacts from Hurricane Ian.
Hovnanian Enterprises (NYSE: HOV), a major homebuilder, will engage in a fireside chat at Deutsche Bank's 30th Annual Leveraged Finance Conference on September 20, 2022, at 4:35 p.m. ET. The chat will be accessible via a live webcast through Hovnanian's website under the 'Investor Relations' section. Interested parties are advised to log in at least five minutes prior to the event. An archived version of the chat will also be available for those unable to attend live.
Hovnanian Enterprises, Inc. (HOV) reported an 81% year-over-year increase in pretax profit with total revenues rising 11.1% to $767.6 million for Q3 2022. Homebuilding gross margin improved significantly, increasing 390 basis points to 23.1%. However, backlog cancellation rates worsened, climbing to 8% from 6% last year, and consolidated contract dollars fell by 23%. The company raised its full-year guidance for EBITDA, gross margin, and pretax profit, signaling confidence despite market challenges.
Hovnanian Enterprises (NYSE: HOV) will disclose its financial results for the third quarter ended July 31, 2022, on September 1, 2022, at 11:00 a.m. ET. This announcement will be followed by a webcast of its earnings conference call, accessible through the company’s Investor Relations website. Hovnanian, a prominent national homebuilder, operates in numerous states and is among the largest builders of active lifestyle communities in the U.S. Further details can be found on their official site.
Hovnanian Enterprises, Inc. (HOV) reported a strong fiscal Q2 2022, showcasing a 161% year-over-year increase in pretax profit, reaching $80.9 million. Despite total revenues dipping slightly to $702.5 million, gross margins improved significantly, with a 520 basis point increase to 23.3%. Consolidated contract backlog surged by 16.1% to $2.06 billion. The company also reduced senior secured notes by $100 million, enhancing liquidity to $282.2 million. Guidance for FY 2022 remains strong, with total revenue anticipated between $2.80 billion and $3.00 billion.
Hovnanian Enterprises, Inc. (NYSE: HOV), a prominent national homebuilder, is set to release its financial results for the second quarter ending April 30, 2022, on June 1, 2022. A conference call will be held at 11:00 a.m. ET on the same day, and investors can access a live webcast on the company’s website. Hovnanian, founded in 1959, operates extensively across multiple states, specializing in active lifestyle communities through its K. Hovnanian Homes brand. Further details about the company can be found on its investor relations page.
Hovnanian Enterprises (HOV) reported a strong fiscal Q1 2022 performance, with a 81% year-over-year increase in pretax profit and net income rising 30.9% to $24.8 million, or $3.07 per diluted share. Total revenues were $565.3 million, a slight decline from $574.7 million a year earlier. The consolidated backlog increased 13.2% to $1.89 billion, and the company maintained a healthy liquidity of $271 million. Despite challenges from supply chain disruptions, Hovnanian reiterated its revenue guidance for fiscal 2022, estimating between $2.80 billion and $3.00 billion.
Hovnanian Enterprises, Inc. (NYSE: HOV) will announce its first quarter financial results for the period ending January 31, 2022, on March 1, 2022. A conference call is scheduled for 11:00 a.m. (ET) on the same day, which will be accessible via their website. Those unable to attend can access a replay of the call for one week after the event, with an archive available for 12 months. Hovnanian is recognized as one of the largest homebuilders in the U.S. with operations across several states.
Hovnanian Enterprises, Inc. (NYSE: HOV) has appointed Miriam Hernandez-Kakol to its Board of Directors, expanding the board to eight members. Hernandez-Kakol, a former Partner at KPMG LLP, brings over 20 years of strategic advisory experience and expertise in driving growth initiatives. Chairman Ara K. Hovnanian expressed enthusiasm about her contribution to the company's growth and profitability goals. Her impressive background includes leadership roles in significant consulting practices and a commitment to STEM initiatives.