Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended OCTOBER 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 1-8551 Hovnanian Enterprises, Inc. (Exact Name of Registrant as Specified in Its Charter) 90 Matawan Road, Fifth Floor, Matawan, NJ 07747 (Address of Principal Executi ...

Review of Financial Results Fourth Quarter Fiscal 2021 Forward-Looking Statements Note: All statements in this presentation that are not historical facts should be considered as "Forward-Looking Statements" within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future ...

Hovnanian Enterprises, Inc. (NYSE:HOV) Q4 2021 Earnings Conference Call December 9, 2021 11:00 AM ET Company Participants Jeff O'Keefe - Vice President Investor Relations Ara Hovnanian - Chairman, President and Chief Executive Officer Larry Sorsby - Executive Vice President and CFO Brad O'Connor - Senior Vice President, Chief Accounting Officer and Treasurer Conference Call Participants Alan Ratner - Zelman and Associates Alex Barron - Housing Research Center Jordan Hymowitz - Philadelphia Financial Kwaku ...

8027 Review of Financial Results Third Quarter Fiscal 2021 Forward-Looking Statements 2 Note: All statements in this presentation that are not historical facts should be considered as "Forward-Looking Statements" within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any ...

Hovnanian Enterprises, Inc. (NYSE:HOV) Q3 Fiscal 2021 Earnings Conference Call September 9, 2021 11:00 AM ET Company Participants Ara Hovnanian – Chairman, President and Chief Executive Officer Jeff O'Keefe – Vice President Investor Relations Larry Sorsby – Executive Vice President and CFO Brad O'Connor – Senior Vice President, Chief Accounting Officer and Treasurer Conference Call Participants Alex Barron – Housing Research Center Vincent Foley – Barclays Alan Ratner – Zelman Associates Brian Emerson – Ana ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended July 31, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-8551 Hovnanian Enterprises, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation or O ...

Hovnanian Enterprises, Inc. (NYSE:HOV) Q2 2021 Earnings Conference Call June 3, 2021 11:00 AM ET Company Participants Jeff O'Keefe - Vice President-Investor Relations Ara Hovnanian - Chairman, President & Chief Executive Officer Larry Sorsby - Executive Vice President & Chief Financial Officer Brad O'Connor - Senior Vice President, Chief Accounting Officer & Treasurer Conference Call Participants Alan Ratner - Zelman Alex Barrón - Housing Research Center Jordan Hymowitz - Philadelphia Financial Operator Goo ...

Hovnanian Inc. Review of Financial Results | Second Quarter Fiscal 2021 Note: All statements in this presentation that are not historical facts should be considered as "Forward-Looking Statements" within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and nknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, p ...

Financial Performance - Net earnings attributable to Hovnanian for the three months ended April 30, 2021, were $488.7 million, compared to $4.1 million for the same period in 2020[105]. - Basic earnings per share for the three months ended April 30, 2021, were $71.11, up from $0.63 in the same period of 2020[105]. - The total income tax benefit for the three months ended April 30, 2021, was $457.6 million, primarily due to the reversal of a substantial portion of the valuation allowance against deferred tax assets[111]. - The company incurred a pre-tax income of $31.0 million for the three months ended April 30, 2021, compared to a pre-tax income of $4.2 million for the same period in 2020[130]. - Total revenues for the three months ended April 30, 2021, increased by $164.8 million, or 30.6%, to $703.2 million compared to the same period in 2020[215]. - Homebuilding sale of homes revenue rose by $156.2 million, or 29.8%, for the three months ended April 30, 2021, driven by a 22.1% increase in home deliveries[216]. - The average price per home increased to $419,972 for the three months ended April 30, 2021, up from $394,979 in the same period of 2020, reflecting a 6.3% rise[216]. - Home sales for the three months ended April 30, 2021, reached $679.5 million, up from $523.3 million in the same period last year, representing a 29.8% increase[227]. Revenue Growth - The company generated $681.4 million in homebuilding revenues for the three months ended April 30, 2021, compared to $523.8 million for the same period in 2020, representing a 30% increase[130]. - The total revenues for the six months ended April 30, 2021, were $1.28 billion, up from $1.03 billion in the same period of 2020, reflecting a 24% growth[130]. - The financial services segment generated $21.7 million in revenues for the three months ended April 30, 2021, compared to $14.4 million in the same period of 2020, marking a 51% increase[130]. - Consolidated housing revenues increased by 29.8% to $679,515,000 for the three months ended April 30, 2021, compared to $523,347,000 in the same period of 2020[217]. Cash and Liquidity - Total liquidity at April 30, 2021, was $352.8 million, including $218.3 million in homebuilding cash and cash equivalents[175]. - As of April 30, 2021, the company had $218.8 million in cash and cash equivalents, including $9.5 million of restricted cash[98]. - Cash payments on lease liabilities increased to $2,390,000 for the three months ended April 30, 2021, up 3.6% from $2,308,000 in the prior year[63]. - Cash collateral for letters of credit was $9.5 million at April 30, 2021, down from $11.6 million at October 31, 2020[187]. Debt and Financing - The total debt to capitalization ratio was 27% as of April 30, 2021, compared to 35% as of October 31, 2020, indicating a reduction in leverage[135]. - The company is currently restricted from paying dividends on its 7.625% Series A Preferred Stock due to financial covenants, which also limits additional indebtedness[184]. - The aggregate principal amount of borrowings under the Chase Master Repurchase Agreement was $37.9 million as of April 30, 2021, up from $23.5 million at October 31, 2020, an increase of 60.6%[69]. - The company has a credit agreement providing for up to $125.0 million in aggregate amount of Secured Revolving Loans, with an interest rate of 7.75% per annum[90]. Inventory and Land - Total inventory increased by $117.9 million from October 31, 2020, to April 30, 2021, with significant increases in the Southwest ($79.9 million) and Northeast ($27.6 million) regions[192]. - The company recorded inventory impairments of $800,000 for the six months ended April 30, 2021, with no impairments recorded for the three months ended April 30, 2021 or for the same periods in 2020[151]. - Total home sites available increased to 28,427 as of April 30, 2021, compared to the previous period, driven by new land acquisitions[198]. - The company spent $353.6 million on land purchases and land development during the first half of fiscal 2021[176]. Operational Metrics - The average net contracts per active selling community increased to 17.5 for the three months ended April 30, 2021, compared to 11.1 in the same period of the prior year[222]. - Total homes delivered increased by 22.1% to 1,618 for the three months ended April 30, 2021, compared to 1,325 in the same period of 2020[217]. - Cancellation rates for the first quarter of 2021 were 17%, down from 19% in the first quarter of 2020, reflecting improved market conditions[223]. - The company opened 31 new communities while closing 47, resulting in a decrease in open for sale community count to 97[222]. Tax and Valuation - The company reported a deferred tax asset of $459.2 million at April 30, 2021, compared to zero at October 31, 2020, due to the reversal of valuation allowances[210]. - The company has a valuation allowance of $102.9 million for state deferred tax assets as of April 30, 2021, reflecting ongoing caution regarding state NOL utilization[117]. - The company reversed a valuation allowance of $396.5 million for federal deferred tax assets related to NOLs as of April 30, 2021[118]. Impairments and Write-offs - The company recorded an impairment loss of $0.8 million for one community with a carrying value of $2.3 million during the six months ended April 30, 2021[35]. - The company recorded inventory impairment losses of $0.1 million and $2.0 million for the three and six months ended April 30, 2021, respectively[228]. - The company wrote off residential land options and related costs totaling $0.1 million during the three months ended April 30, 2021, compared to $1.0 million in the same period last year[228].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended January 31, 2021 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-8551 Hovnanian Enterprises, Inc. (Exact Name of Registrant as Specified in Its Charter) Delaware (State or Other Jurisdiction of Incorporation o ...