Hovnanian Enterprises (HOV) Tops Q4 EPS by 10c, Revenue Misses

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Go back to Hovnanian Enterprises (HOV) Tops Q4 EPS by 10c, Revenue Misses

Hovnanian Enterprises Reports Fiscal 2018 Results

December 6, 2018 9:15 AM EST

Reported Fourth Quarter Net Income of $46 MillionExceeded or Met GuidanceConsolidated Lots Controlled Grew 20% Year-over-Year

MATAWAN, N.J., Dec. 06, 2018 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal fourth quarter and year ended October 31, 2018.

We are pleased to report solid performance in our fourth quarter. We exceeded or met our guidance for total revenues, gross margin, SG&A expense ratio and adjusted pretax profits, stated Ara K. Hovnanian, Chairman of the Board, President... More