Hovnanian Enterprises, Inc. (HOV) reported solid results for third-quarter fiscal 2024 ended Jul 31, 2024, despite facing headwinds from economic uncertainties and elevated mortgage rates. The company demonstrated resilience with notable improvements in key financial metrics, driven by strategic investments and a focus on expanding its community footprint. Q3 Results Hovnanian's earnings per share (EPS) rose 32% to $9.75 in third-quarter fiscal 2024 from $7.38 in the prioryear quarter. Robust earnings growt ...

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 Ope ...

Hovnanian Enterprises (NYSE:HOV) just reported results for the third quarter of 2024. Hovnanian Enterprises reported earnings per share of $9.75. The company reported revenue of $722.70 million. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human inter ...

Exhibit 99.1 HOVNANIAN ENTERPRISES, INC. News Release | --- | --- | --- | |----------|---------------------------------------------|------------------------------------------| | | | | | Contact: | Brad G. O'Connor | Jeffrey T. O'Keefe | | | Chief Financial Officer & Treasurer | Vice President, Investor Relations | | | 732-747-7800 | 732-747-7800 | HOVNANIAN ENTERPRISES REPORTS FISCAL 2024 THIRD QUARTER RESULTS 11% Year-Over-Year Growth in Total Revenues Income Before Income Taxes Increased 38% Year-Over-Yea ...

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 MATAWAN, N.J., Aug. 22, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal third quarter and nine months ended Ju ...

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. The conference call and accompanying slide presentation will be webcast live through the "Investor Relations" section of Hovnanian Enterprises' website at ht ...

ABOUT HOVNANIAN ENTERPRISES, INC.: FORWARD-LOOKING STATEMENTS "We are thrilled to get a ratings upgrade from Moody's, which follows an upgrade we received from S&P Ratings just two weeks ago," stated Brad G. O'Connor, Chief Financial Officer and Treasurer. "The combination of these upgrades by both rating agencies serves as validation of our accomplishments in paying down our debt and repairing our balance sheet over the past several years. We remain committed to further enhancing our balance sheet and impr ...

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 st ...

Zacks Investment Research has recently initiated the coverage of Hovnanian Enterprises, Inc. (HOV) , a prominent residential homebuilder, with a "Neutral" recommendation. This assessment reflects a balance between Hovnanian's strategic improvements in financial health and operational efficiencies against the backdrop of ongoing market challenges and competitive pressures. A cornerstone of Hovnanian's recent success has been its robust financial restructuring. The company has dramatically reduced its debt fr ...

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 issue ...