secwatch.observer — SEC 8-K summary
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Issuer:     HOVNANIAN ENTERPRISES INC (HOV)
CIK:        0000357294
Form:       8-K
Filed at:   2021-09-09T23:59:59+00:00
Accession:  0001437749-21-021755
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hovnanian Q3 pretax profit surges 281% to $61.8M; raises FY2021 guidance
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- Total revenues $690.7M (+10% YoY); homebuilding gross margin up 560 bps to 19.2%.
- Net income $47.7M ($6.72 diluted EPS) vs $15.4M ($2.16) a year ago.
- EBITDA $101.5M (+52.7% YoY); paid off $111M of 10.0% senior secured notes.
- FY2021 guidance raised: revenues $2.80-$2.85B, adjusted pretax income $175-$190M.
- Consolidated contract backlog $1.75B (+42% YoY); contracts per community down 38.9% to 11.6 (metered sales).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357294/000143774921021755/0001437749-21-021755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357294/000143774921021755/hov20210907_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-021755

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer