secwatch.observer — SEC 8-K summary
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Issuer:     HOVNANIAN ENTERPRISES INC (HOV)
CIK:        0000357294
Form:       8-K
Filed at:   2022-06-01T23:59:59+00:00
Accession:  0001437749-22-013985
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hovnanian Q2 pretax profit up 161% YoY; gross margin expands 520 bps
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- Income before income taxes $80.9M vs $31.0M YoY; adjusted pretax income $88.3M.
- Homebuilding gross margin % (after interest and land charges) rose 520 bps to 23.3%.
- Total revenues $702.5M; net income $62.4M ($8.39 per diluted share).
- Early retired $100M of senior secured notes; total liquidity $282.2M.
- Consolidated contract backlog up 16% to $2.06B; guidance reiterated for FY22.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357294/000143774922013985/0001437749-22-013985-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357294/000143774922013985/hov20220527_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-013985

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