---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-016210"
form_type: "8-K"
ticker: "HOV"
cik: "0000357294"
company_name: "HOVNANIAN ENTERPRISES INC"
filed_at: "2023-05-31T23:59:59+00:00"
generated_at: "2026-06-14T10:56:19.718516+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hovnanian Q2 adj. pretax income beat guidance by 32%; net income $34.1M

## Summary
- Net income $34.1M ($4.47 diluted EPS) vs $62.4M ($8.39) a year ago; adjusted pretax income beat high end of guidance by 32%.
- Total revenues $703.7M (flat YoY); homebuilding gross margin fell to 17.8% from 23.3%.
- Contracts per community rose 100% sequentially to 13.0; preliminary May contracts up 29.8% YoY.
- Redeemed $100M of 7.75% senior secured notes due 2026; total liquidity $463.8M above target.
- FY 2023 guidance: revenues $2.50-2.65B, EPS $17.00-20.00, adjusted EBITDA $320-340M.

## SEC filing metadata
- accession: 0001437749-23-016210
- form_type: 8-K
- ticker: HOV
- cik: 0000357294
- company_name: HOVNANIAN ENTERPRISES INC
- filed_at: 2023-05-31T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357294/000143774923016210/0001437749-23-016210-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357294/000143774923016210/hov20230525_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-016210
- JSON: https://secwatch.observer/filing/0001437749-23-016210.json
- Plain text: https://secwatch.observer/filing/0001437749-23-016210.txt

## Key facts
- Earnings Releases
  HOVNANIAN ENTERPRISES INC reported preliminary financial results for the fiscal second quarter ended April 30, 2023.
  - Period: the fiscal second quarter ended April 30, 2023
  - Result: preliminary results
  source text: On May 31, 2023, Hovnanian Enterprises, Inc. (the “Company”) issued a press release announcing its preliminary financial results for the fiscal second quarter ended April 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/357294/000143774923016210/0001437749-23-016210-index.htm

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