---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-24-001015"
form_type: "8-K"
ticker: "HOV"
cik: "0000357294"
company_name: "HOVNANIAN ENTERPRISES INC"
filed_at: "2024-05-22T23:59:59+00:00"
generated_at: "2026-06-01T09:56:07.138464+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Hovnanian Q2 net income up 48.9% to $50.8M; EPS $6.66; revenue $708.4M; guides FY EPS $25-29

## Summary
- Income before taxes rose 50.4% to $69.4M; net income $50.8M ($6.66 diluted EPS) vs $34.1M ($4.47) YoY.
- Homebuilding gross margin (after interest/land) was 19.5% vs 17.8% YoY; adjusted gross margin 22.6% vs 20.9%.
- Consolidated contracts per community hit 13.9 vs 13.0 YoY; backlog dollar value fell 14.7% to $1.13B.
- Post-quarter debt exchange retired $168.7M principal; annual interest reduced by ~$8.5M; $93.5M new 10.0% term loans issued.
- FY 2024 guidance: total rev $2.75B-$3.00B; adjusted EBITDA $395M-$430M; diluted EPS $25-$29; Q3 rev $675M-$775M.

## SEC filing metadata
- accession: 0001753926-24-001015
- form_type: 8-K
- ticker: HOV
- cik: 0000357294
- company_name: HOVNANIAN ENTERPRISES INC
- filed_at: 2024-05-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/357294/000175392624001015/0001753926-24-001015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357294/000175392624001015/hov-20240522.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-24-001015
- JSON: https://secwatch.observer/filing/0001753926-24-001015.json
- Plain text: https://secwatch.observer/filing/0001753926-24-001015.txt

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