---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-24-000352"
form_type: "8-K"
ticker: "HOV"
cik: "0000357294"
company_name: "HOVNANIAN ENTERPRISES INC"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T21:15:27.539807+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Hovnanian Q1 net income $2.91/diluted share; revenues up 15% to $594.2M, contracts per community up 48%

## Summary
- Total revenues $594.2M (+15.3% YoY); net income $23.9M ($2.91 diluted EPS) vs $18.7M ($2.26) prior year.
- Income before income taxes $32.6M, up 80.4% YoY; homebuilding gross margin % (before interest & land) steady at 21.8%.
- Consolidated contracts per community increased 47.7% YoY to 9.6; total liquidity $313.1M above target range.
- Land and land development spend $230.4M (highest quarterly since fiscal 2010); controlled lots 33,576 (6.7 years supply).
- Q2 FY2024 guidance: revenue $675-775M, adjusted homebuilding gross margin 21.5-23.0%, adjusted EBITDA $80-90M.

## SEC filing metadata
- accession: 0001753926-24-000352
- form_type: 8-K
- ticker: HOV
- cik: 0000357294
- company_name: HOVNANIAN ENTERPRISES INC
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/357294/000175392624000352/0001753926-24-000352-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357294/000175392624000352/hov-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-24-000352
- JSON: https://secwatch.observer/filing/0001753926-24-000352.json
- Plain text: https://secwatch.observer/filing/0001753926-24-000352.txt

## Key facts
- Earnings Releases
  HOVNANIAN ENTERPRISES INC updated its fiscal first quarter ended January 31, 2024 guidance (reaffirmed).
  - Period: fiscal first quarter ended January 31, 2024
  - Guidance: reaffirmed
  - Result: preliminary results
  source text: On February 22, 2024 , Hovnanian Enterprises, Inc. (the “Company”) issued a press release announcing its preliminary financial results for the fiscal first quarter ended January 31, 2024 . A copy of the press release is attached as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/357294/000175392624000352/0001753926-24-000352-index.htm

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