Hovnanian Enterprises (HOV) Reports Q2 EPS of $4.47, Offers Guidance

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Hovnanian Enterprises Reports Fiscal 2023 Second Quarter Results

May 31, 2023 9:15 AM EDT

Achieved Income Before Income Taxes of $46 MillionExceeded High End of Guidance for Adjusted Pretax Income by 32%Net Contracts per Community Increased 100% versus First Quarter 2023Consolidated Community Count Increased 12% Year over YearRedeemed in May $100 Million of Principal Amount of 7.75% Senior Secured Notes Due February 2026

MATAWAN, N.J., May 31, 2023 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal second quarter and six months ended April 30, 2023.

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