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Stock impact report

Hovnanian Enterprises Reports Fiscal 2024 Fourth Quarter and Full Year Results

Hovnanian Enterprises, Inc. Class A (HOV) 
US:NYSE Investor Relations: khov.com/investor-relations
Company Research Source: GlobeNewswire
Full Year Income Before Income Taxes Increased 24% Year-Over-Year44% Year-Over-Year Quarterly Growth in Consolidated ContractsTotal Consolidated Lots Controlled Increased 32% Year-Over-Year47% Year-Over-Year Growth in Annual Land and Land Development Spend MATAWAN, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal fourth quarter and year ended October 31, 2024. RESULTS FOR THE THREE-MONTHS AND FULL YEAR ENDED OCTOBER 31, 2024: Total revenues, adjusted homebuilding gross margin and total SG&A as a percentage of total revenues for the full year ended October 31, 2024, were within our guidance range. Adjusted EBITDA, adjusted income before income taxes and diluted earnings per share for the full year ended October 31, 2024, exceeded the high end of our guidance, despite income from unconsolidated joint ventures being slightly below the low end of our guidance. Total revenu Show less Read more
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