---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-25-000870"
form_type: "8-K"
ticker: "HOV"
cik: "0000357294"
company_name: "HOVNANIAN ENTERPRISES INC"
filed_at: "2025-05-20T23:59:59+00:00"
generated_at: "2026-05-21T00:42:04.614935+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Hovnanian Q2 net income falls 61% to $19.7M; gross margin drops to 13.8%

## Summary
- Net income of $19.7M ($2.43 diluted EPS) vs $50.8M ($6.66) in prior year Q2; adjusted income before taxes $29.2M.
- Homebuilding gross margin after cost of sales interest and land charges: 13.8% vs 19.5% YoY; before charges: 17.3% vs 22.6%.
- Consolidated contracts down 7.5% to 1,398 homes; community count up 14.7% to 125.
- Redeemed remaining $26.6M of 13.5% senior notes due 2026; repurchased 126,448 shares for $12.2M in Q2.
- Q3 guidance: total revenues $750-850M, adjusted homebuilding gross margin 17-18%, adjusted EBITDA $60-70M.

## SEC filing metadata
- accession: 0001753926-25-000870
- form_type: 8-K
- ticker: HOV
- cik: 0000357294
- company_name: HOVNANIAN ENTERPRISES INC
- filed_at: 2025-05-20T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/357294/000175392625000870/0001753926-25-000870-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/357294/000175392625000870/hov-20250520.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-25-000870
- JSON: https://secwatch.observer/filing/0001753926-25-000870.json
- Plain text: https://secwatch.observer/filing/0001753926-25-000870.txt

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