Hovnanian (HOV) Reports Preliminary 27% Increase in Net Contracts for Q112
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Total income taxes: 1.57M
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Financial Fact:
Total income taxes: 1.57M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Hovnanian Enterprises, Inc. (NYSE: HOV), announced preliminary net contract results for the first quarter ended January 31, 2012. The Company is providing this information in advance of meetings with investors at an upcoming investor conference.
Preliminary net contracts for the three months ended January 31, 2012, including unconsolidated joint ventures, increased 27% to 1,079 homes compared with 850 homes during the same quarter a year ago. Additionally, the stronger net contract trends during the first quarter of fiscal 2012 have continued in the month of February.
At January 31, 2012, there were 220 active selling communities, including unconsolidated joint ventures, compared with 201 active selling communities at January 31, 2011 and 214 active selling communities at October 31, 2011.
Preliminary net contracts for the three months ended January 31, 2012, including unconsolidated joint ventures, increased 27% to 1,079 homes compared with 850 homes during the same quarter a year ago. Additionally, the stronger net contract trends during the first quarter of fiscal 2012 have continued in the month of February.
At January 31, 2012, there were 220 active selling communities, including unconsolidated joint ventures, compared with 201 active selling communities at January 31, 2011 and 214 active selling communities at October 31, 2011.
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