Hovnanian Enterprises Inc. (HOV) Misses Q1 EPS by 4c

Go back to Hovnanian Enterprises Inc. (HOV) Misses Q1 EPS by 4c

Hovnanian Enterprises Reports Fiscal 2015 First Quarter Results

March 12, 2015 9:15 AM EDT

RED BANK, N.J., March 12, 2015 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal first quarter ended January 31, 2015.

RESULTS FOR THE THREE MONTH PERIOD ENDED JANUARY 31, 2015:

Total revenues were $445.7 million in the fiscal 2015 first quarter, an increase of 22.4% compared with $364.0 million in the prior year's first quarter.   Homebuilding gross margin percentage, before interest expense and land charges included in cost of sales, was 18.2% for the fiscal 2015 first quarter, compared with 18.8% during the first quarter of fiscal 2014.   Adjusted EBITDA increased 84.8% to $21.3... More