{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-004849","form_type":"8-K","ticker":"HOV","cik":"0000357294","company_name":"HOVNANIAN ENTERPRISES INC","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.638276+00:00","generated_at":"2026-06-18T22:55:04.322514+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Hovnanian Q1 revenue down 8.8% to $515M; EPS $2.26; sees improving sales pace in Feb","bullets":["Total revenues $515.4M (-8.8% YoY); net income $18.7M ($2.26 diluted EPS) vs $24.8M ($3.07) prior year.","Homebuilding gross margin (after interest & land charges) 18.7% vs 19.9% YoY; adjusted gross margin 21.8% vs 22.4%.","Consolidated contracts fell 48% to $415.1M (788 homes); cancellation rate rose to 16% from 8% (beginning backlog) and 30% gross (vs 14%).","Net contracts per community improved from 1.5 in Nov to 3.0 in Jan, and 3.8 in Feb (prelim); company raised prices in ~1/3 of communities.","Q2 FY2023 guidance: total revenues $525-625M, adjusted pretax income $20-35M, adjusted EBITDA $52-67M."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-004849","json":"https://secwatch.observer/filing/0001437749-23-004849.json","markdown":"https://secwatch.observer/filing/0001437749-23-004849.md","text":"https://secwatch.observer/filing/0001437749-23-004849.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/357294/000143774923004849/0001437749-23-004849-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/357294/000143774923004849/hov20230224_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T22:55:04.322514+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a54a46707d6845c9cc4a5d657c8a991a97f41257","claim":"HOVNANIAN ENTERPRISES INC reported preliminary financial results for fiscal first quarter ended January 31, 2023.","evidence_excerpt":"On February 28, 2023, Hovnanian Enterprises, Inc. (the “Company”) issued a press release announcing its preliminary financial results for the fiscal first quarter ended January 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/357294/000143774923004849/0001437749-23-004849-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal first quarter ended January 31, 2023"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}