---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-028705"
form_type: "8-K"
ticker: "HOV"
cik: "0000357294"
company_name: "HOVNANIAN ENTERPRISES INC"
filed_at: "2022-12-08T23:59:59+00:00"
generated_at: "2026-06-21T07:46:26.869643+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hovnanian FY2022 pretax profit up 68% to $320M; Q4 contracts drop 48%

## Summary
- FY2022 pretax income $319.8M, up 68.4% YoY; net income $225.5M ($29.00 diluted EPS) vs $607.8M ($85.86) prior year which included $468.6M tax benefit.
- Total revenues $2.92B vs $2.78B prior year; homebuilding gross margin (after interest & land charges) improved 290 bps to 21.5%.
- Q4 consolidated contracts $343.7M (602 homes), down 48% YoY; beginning backlog cancellation rate rose to 13% from 6%.
- Liquidity $457.3M at Oct 31, 2022, well above $170M-$245M target range; land & development spending $759.3M for FY.
- Segment reclassified to three homebuilding segments (Northeast, Southeast, West); prior periods restated.

## SEC filing metadata
- accession: 0001437749-22-028705
- form_type: 8-K
- ticker: HOV
- cik: 0000357294
- company_name: HOVNANIAN ENTERPRISES INC
- filed_at: 2022-12-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357294/000143774922028705/0001437749-22-028705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357294/000143774922028705/hov20221206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-028705
- JSON: https://secwatch.observer/filing/0001437749-22-028705.json
- Plain text: https://secwatch.observer/filing/0001437749-22-028705.txt

## Key facts
- Earnings Releases
  HOVNANIAN ENTERPRISES INC reported the fiscal year ended October 31, 2022 results: revenue $2.92 billion, net income $225.5 million, EPS $29.00 per diluted common share.
  - Period: the fiscal year ended October 31, 2022
  - Revenue: $2.92 billion
  - Net income: $225.5 million
  - EPS: $29.00 per diluted common share
  - Result: preliminary results
  source text: $886.8 million in the fourth quarter of fiscal 2022, compared with $814.3 million in the same quarter of the prior year. For the year ended October 31, 2022, total revenues were $2.92 billion compared with $2.78 billion in the prior year. ● Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 19.6% for the three months ended
  evidence_url: https://www.sec.gov/Archives/edgar/data/357294/000143774922028705/0001437749-22-028705-index.htm
- Earnings Releases
  HOVNANIAN ENTERPRISES INC reported the fiscal fourth quarter ended October 31, 2022 results: revenue $886.8 million, net income $55.6 million, EPS $7.24 per diluted common share.
  - Period: the fiscal fourth quarter ended October 31, 2022
  - Revenue: $886.8 million
  - Net income: $55.6 million
  - EPS: $7.24 per diluted common share
  - Result: preliminary results
  source text: results for its fiscal fourth quarter and year ended October 31, 2022. RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED OCTOBER 31, 2022: ● Total revenues increased 8.9% to $886.8 million in the fourth quarter of fiscal 2022, compared with $814.3 million in the same quarter of the prior year. For the year ended October 31, 2022, total revenues were $2.92 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/357294/000143774922028705/0001437749-22-028705-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.