Hovnanian Enterprises, Inc. (N:HOV)

Business Focus: Residential Builders - Single Homes

Sector:  Consumer Cyclicals Industry:  Homebuilding
 
See Regulatory Filings on SEC
Company Contact
Address: 90 Matawan Road, 5Th Floor
MATAWAN NJ 07747
Tel: N/A
Website: https://www.khov.com
IR: See website
<
Key People
Ara K. Hovnanian
Chairman of the Board, President, Chief Executive Officer
Brad G. O'Connor
Chief Financial Officer, Senior Vice President, Treasurer
 
Business Overview
Hovnanian Enterprises, Inc., through its subsidiaries, conducts all of its homebuilding and financial services operations. Its segment includes Homebuilding and Financial services. The Homebuilding segment consists of three segments: Northeast (Delaware, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia); Southeast (Florida, Georgia and South Carolina), and West (Arizona, California and Texas). The Homebuilding segments are engaged in the sale and construction of single-family attached and detached homes, attached town homes and condominiums, urban infill and active lifestyle homes in planned residential developments. It also includes sales of land. The Financial services segment provides mortgage banking and title services to homebuilding operations customers. Its residential development activities include site planning and engineering, obtaining environmental and other regulatory approvals and constructing roads, drainage facilities and others.
Financial Overview
For the three months ended 31 January 2024, Hovnanian Enterprises, Inc. revenues increased 15% to $594.2M. Net income applicable to common stockholders increased 38% to $20.2M. Revenues reflect HomeBuilding segment increase of 15% to $575.9M, Financial Services segment increase of 26% to $15.3M. Net income benefited from Income from unconsolidated joint venture increase from $7.2M to $15M (income).
Employees: 1,715 as of Oct 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,936M as of Jan 31, 2024
Annual revenue (TTM): $2,835M as of Jan 31, 2024
EBITDA (TTM): $346.71M as of Jan 31, 2024
Net annual income (TTM): $184.74M as of Jan 31, 2024
Free cash flow (TTM): $346.32M as of Jan 31, 2024
Net Debt Last Fiscal Year: $851.05M as of Jan 31, 2024
Shares outstanding: 6,095,660 as of Feb 28, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please log in or subscribe.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.