---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-024859"
form_type: "8-K"
ticker: "HOV"
cik: "0000357294"
company_name: "HOVNANIAN ENTERPRISES INC"
filed_at: "2023-08-30T23:59:59+00:00"
generated_at: "2026-06-11T02:08:15.839925+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hovnanian Q3 net contracts up 81% YoY, beats guidance, raises FY2023 EPS outlook by 20%

## Summary
- Fiscal Q3 total revenues $650M (1,198 homes), down 15% YoY; net income $55.8M ($7.38 diluted EPS) vs $82.6M a year ago.
- Consolidated net contracts jumped 81% to 1,444 homes; contracts per community up 92% YoY to 14.2.
- Homebuilding gross margin (after interest & land charges) 20.1%, up 230 bps sequentially from Q2 but down from 23.1% YoY.
- Redeemed $100M of 7.75% senior secured notes in August 2023; total debt reduced $668M since FY2020.
- Raised FY2023 guidance: rev $2.6B-$2.7B; adj. EBITDA $350M-$370M; EPS $21-$24; book value per share projected to rise ~63% YoY.

## SEC filing metadata
- accession: 0001437749-23-024859
- form_type: 8-K
- ticker: HOV
- cik: 0000357294
- company_name: HOVNANIAN ENTERPRISES INC
- filed_at: 2023-08-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/357294/000143774923024859/0001437749-23-024859-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357294/000143774923024859/hov20230828_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-024859
- JSON: https://secwatch.observer/filing/0001437749-23-024859.json
- Plain text: https://secwatch.observer/filing/0001437749-23-024859.txt

## Key facts
- Earnings Releases
  HOVNANIAN ENTERPRISES INC reported fiscal third quarter ended July 31, 2023 results: revenue $650.0 million, net income $55.8 million, EPS $7.38 per diluted common share. Guidance raised.
  - Period: fiscal third quarter ended July 31, 2023
  - Revenue: $650.0 million
  - Net income: $55.8 million
  - EPS: $7.38 per diluted common share
  - Guidance: raised
  - Result: preliminary results
  source text: reported results for its fiscal third quarter and nine months ended July 31, 2023. RESULTS FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED JULY 31, 2023: ● Total revenues were $650.0 million (including 1,198 homes) in the third quarter of fiscal 2023, compared with $767.6 million (including 1,412 homes) in the same quarter of the prior year. For the nine months ended
  evidence_url: https://www.sec.gov/Archives/edgar/data/357294/000143774923024859/0001437749-23-024859-index.htm

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