secwatch.observer — SEC 8-K summary
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Issuer:     HOVNANIAN ENTERPRISES INC (HOV)
CIK:        0000357294
Form:       8-K
Filed at:   2026-08-20T14:02:33+00:00
Accession:  0001753926-26-001568
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357294/000175392626001568/0001753926-26-001568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357294/000175392626001568/hov-20260820.htm
  HTML page:      https://secwatch.observer/filing/0001753926-26-001568

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