---
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"
generated_at: "2026-06-18T22:55:04.322514+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Hovnanian Q1 revenue down 8.8% to $515M; EPS $2.26; sees improving sales pace in Feb

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-004849
- JSON: https://secwatch.observer/filing/0001437749-23-004849.json
- Plain text: https://secwatch.observer/filing/0001437749-23-004849.txt

## Key facts
- Earnings Releases
  HOVNANIAN ENTERPRISES INC reported preliminary financial results for fiscal first quarter ended January 31, 2023.
  - Period: fiscal first quarter ended January 31, 2023
  - Result: preliminary results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/357294/000143774923004849/0001437749-23-004849-index.htm

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