Hovnanian Enterprises (HOV) Reports Q4 EPS of $0.16

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Hovnanian Enterprises Reports Fiscal 2015 Results

December 4, 2015 9:15 AM EST

Exceeded Fourth Quarter Gross Margin and Profit Guidance

49% Increase in Contract Backlog Dollars

RED BANK, N.J., Dec. 4, 2015 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal fourth quarter and year ended October 31, 2015.

RESULTS FOR THE THREE AND TWELVE MONTH PERIODS ENDED OCTOBER 31, 2015:

Total revenues were $693.2 million in the fourth quarter of fiscal 2015, a decrease of 0.7% compared with $698.4 million in the fourth quarter of fiscal 2014. For the twelve months ended October 31, 2015, total revenues... More