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Stock impact report

Hovnanian Enterprises Reports Fiscal 2019 First Quarter Results

Hovnanian Enterprises, Inc. Class A (HOV) 
US:NYSE Investor Relations: khov.com/investor-relations
Company Research Source: GlobeNewswire
11% Sequential Increase in Consolidated Community CountConsolidated Lots Controlled Grew 11% Year-over-YearFebruary Net Contracts Rebound to Above Last Year’s Strong Levels MATAWAN, N.J., March 07, 2019 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2019. “Our first quarter results were in line with our expectations. During the quarter, when compared to the prior year, we increased our consolidated land position, grew our earnings from unconsolidated joint ventures and improved our pretax results,” stated Ara K. Hovnanian, Chairman of the Board, President and Chief Executive Officer. “After our weak November net contracts, we are pleased that contracts per community for December, January and February have rebounded to levels similar to last year’s strong results. In fact, for February, contracts per community, community count and absolute net contracts increased compared w Show less Read more
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