earnings
confidence high
sentiment positive
materiality 0.80
Hovnanian Q4 pretax profit up 82% to $77.4M; FY pretax up 243% to $190M; FY2022 EPS guidance $26.50-$32.00
HOVNANIAN ENTERPRISES INC
2021-FY EPS reported
$85.86
revenue$2,782,857,000
- Q4 total revenues $814.3M (+19.2% YoY); net income $52.5M ($7.41 diluted EPS).
- FY2021 homebuilding gross margin % after cost of sales interest and land charges 18.6% (up 390 bps).
- Consolidated contract backlog $1.64B (+15.4% YoY); community count 140 (+17% sequential).
- FY2022 guidance: revenues $2.80-$3.00B, adjusted pretax income $260-$310M, EPS $26.50-$32.00.
- Liquidity $380.9M; retired $181M secured notes; board reinstated $2.7M preferred dividend.