Hovnanian Q3 net loss $4.5M ($0.70/sh) on revenue $705.7M, down 12% YoY

HOVNANIAN ENTERPRISES INC

Total revenues $705.7M, down 12% from $800.6M; net loss available to common $4.5M ($0.70/diluted share) vs income $13.9M ($1.99) prior year.
Adjusted EBITDA $31.9M vs $77.1M; homebuilding gross margin (before interest/land) 14.6% vs 17.3%, improved sequentially for 2nd quarter.
Consolidated domestic backlog $881.9M, up 5.1% YoY; contracts per community down 4.1% to 9.4; cancellation rate flat at 19%.
Q4 guidance: revenues $800-900M, adjusted gross margin 15.0-16.5%, adjusted pretax income $15-30M, adjusted EBITDA $50-65M.
Total liquidity $379.8M, above target range; 87% of lots optioned, highest in company history.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.