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Stock impact report

Hovnanian Enterprises Reports Fiscal 2024 First Quarter Results [Yahoo! Finance]

Hovnanian Enterprises, Inc. Class A (HOV) 
US:NYSE Investor Relations: khov.com/investor-relations
Company Research Source: Yahoo! Finance
$230 Million was the Highest Quarterly Land and Land Development Spend in 57 Quarters 15% Year-Over-Year Growth in Total Revenues MATAWAN, N.J., Feb. 22, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2024. RESULTS FOR THE THREE-MONTHS ENDED JANUARY 31, 2024: Total revenues increased 15.3% to $594.2 million (including 1,063 deliveries) in the first quarter of fiscal 2024, compared with $515.4 million (including 938 deliveries) in the same quarter of the prior year. Domestic unconsolidated joint venture deliveries for the first quarter of 2024 increased 56.1% to 167 homes compared with 107 homes for the three months ended January 31, 2023. Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 18.3% for the three months ended January 31, 2024, compared with 18.7% during the first quarter a year ago. Homebuilding gros Show less Read more
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