HOVNANIAN ENTERPRISES INC reported fiscal second quarter ended April 30, 2026 results: revenue $667.6 million, net income Net loss was $0.6 million, EPS $0.46 per diluted common share.
“and everyone at the Company extend their heartfelt condolences to his family. RESULTS FOR THE THREE-MONTH AND SIX-MONTH PERIODS ENDED APRIL 30, 2026: Total revenues were $ 667.6 million in the second quarter of fiscal 2026 , which was within the guidance range we provided, compared with $ 686.5 million in the same quarter of the prior year. For the six”
Earnings Releases
HOVNANIAN ENTERPRISES INC updated its fiscal first quarter ended January 31, 2024 guidance (reaffirmed).
“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.”
Material Agreements
HOVNANIAN ENTERPRISES INC amended Amendment No. 3 to the Rights Agreement with Computershare Trust Company, N.A. (as successor to National City Bank), as Rights Agent (effective 2024-01-11).
“On January 11, 2024, Hovnanian Enterprises, Inc. (the “ Company ”) entered into Amendment No. 3 to the Rights Agreement (the “ Amendment ”), which amends the Rights Agreement, dated as of August 14, 2008 (the “ Rights Agreement ”), between the Company and Computershare Trust Company, N.A. (as successor to National City Bank), as Rights Agent, as amended by Amendment No. 1, dated January 11, 2018 (“ Amendment No. 1 ”), and Amendment No. 2, dated January 18, 2021 (“ Amendment No. 2 ”).”
Earnings Releases
HOVNANIAN ENTERPRISES INC reported preliminary financial results for fiscal fourth quarter and fiscal year ended October 31, 2023.
“On December 5, 2023, Hovnanian Enterprises, Inc. (the “Company”) issued a press release announcing its preliminary financial results for the fiscal fourth quarter and fiscal year ended October 31, 2023.”
Debt Financings
HOVNANIAN ENTERPRISES INC amended revolving credit of up to $125.0 million with Wilmington Trust, National Association at term SOFR rate (subject to a floor of 3.00%) plus an applicable margin of 4.50% maturing June 30, 2026.
“the Company, the other guarantors party thereto, Wilmington Trust, National Association, as administrative agent, and the lenders party thereto, which provides for up to $125.0 million in aggregate amount of senior secured first lien revolving loans (the “Revolving Credit Facility”). Upon effectiveness, the Third Amendment will (i) extend the final scheduled”
Debt Financings
HOVNANIAN ENTERPRISES INC incurred senior notes of $430,000,000 aggregate principal amount with Angelo, Gordon & Co., L.P. and Apollo Capital Management, L.P. at 11.75% per annum maturing September 30, 2029.
“and sell to the Specified Persons, in a private placement, $225,000,000 aggregate principal amount of 8.0% Senior Secured 1.125 Lien Notes due 2028 (the “New 2028 Notes”) and $430,000,000 aggregate principal amount of 11.75% Senior Secured 1.25 Lien Notes due 2029 (the “New 2029 Notes” and, together with the New 2028 Notes, the “New Secured Notes”). The issuance”
Debt Financings
HOVNANIAN ENTERPRISES INC incurred senior notes of $225,000,000 aggregate principal amount with Angelo, Gordon & Co., L.P. and Apollo Capital Management, L.P. at 8.0% per annum maturing September 30, 2028.
“pursuant to which K. Hovnanian will issue and sell to the Specified Persons, in a private placement, $225,000,000 aggregate principal amount of 8.0% Senior Secured 1.125 Lien Notes due 2028 (the "New 2028 Notes")”
Material Agreements
HOVNANIAN ENTERPRISES INC amended Third Amendment to Credit Agreement (Revolving Credit Facility) with Wilmington Trust, National Association valued at Up to $125.0 million senior secured first lien revolving loans (effective 2023-09-25).
“On September 25, 2023, Hovnanian Enterprises, Inc. (the “Company”), K. Hovnanian Enterprises, Inc. (“K. Hovnanian”), a wholly-owned subsidiary of the Company, and the Subsidiary Guarantors (as defined below) entered into the Third Amendment (the “Third Amendment”) to the Credit Agreement, dated as of October 31, 2019 (as amended by the First Amendment to the Credit Agreement, dated as of November 27, 2019, and by the Second Amendment to the Credit Agreement, dated as of August 19, 2022), by and among K. Hovnanian, the Company, the other guarantors party thereto, Wilmington Trust, National Association, as administrative agent, and the lenders party thereto, which provides for up to $125.0 million in aggregate amount of senior secured first lien revolving loans (the “Revolving Credit Facility”).”
Earnings Releases
HOVNANIAN ENTERPRISES INC reported fiscal third quarter ended July 31, 2023 results: revenue $650.0 million, net income $55.8 million, EPS $7.38 per diluted common share. Guidance raised.
“reported results for its fiscal third quarter and nine months ended July 31, 2023. RESULTS FOR THE THREE-MONTH AND NINE-MONTH PERIODS ENDED JULY 31, 2023: ● Total revenues were $650.0 million (including 1,198 homes) in the third quarter of fiscal 2023, compared with $767.6 million (including 1,412 homes) in the same quarter of the prior year. For the nine months ended”
Brad G. O'Connor was appointed as Chief Financial Officer at HOVNANIAN ENTERPRISES INC.
“In connection with Mr. Sorsby’s retirement, Brad G. O’Connor, age 52, has been appointed Chief Financial Officer, effective November 1, 2023.”
J. Larry Sorsby departed as Executive Vice President and Chief Financial Officer at HOVNANIAN ENTERPRISES INC.
“On June 20, 2023, Hovnanian Enterprises, Inc. (the “Company”) announced that J. Larry Sorsby, Executive Vice President and Chief Financial Officer, intends to retire from the Company effective October 31, 2023.”
Earnings Releases
HOVNANIAN ENTERPRISES INC reported preliminary financial results for the fiscal second quarter ended April 30, 2023.
“On May 31, 2023, Hovnanian Enterprises, Inc. (the “Company”) issued a press release announcing its preliminary financial results for the fiscal second quarter ended April 30, 2023.”
Governance Changes
HOVNANIAN ENTERPRISES INC: Amended and restated bylaws to add procedural requirements for Universal Proxy Rule (Rule 14a-19) and expand disclosure requirements for nominating shareholders and director nominees (effective 2023-03-28).
“On March 28, 2023, the Board of Directors of Hovnanian Enterprises, Inc. (the "Company") approved an amendment and restatement of the Company’s by-laws (the "By-laws") principally, among other things, to add procedural and informational requirements for shareholders that intend to use Rule 14a-19 (the "Universal Proxy Rule") of the Securities Exchange Act of 1934, as amended (the "Exchange Act").”
Shareholder Votes
HOVNANIAN ENTERPRISES INC shareholders approved Non-binding advisory vote on whether a shareholder advisory vote to approve the compensation of the Company’s named executive officers should occur every one, two or three years at the 2023-03-28 meeting.
“(4) Non-binding advisory vote on whether a shareholder advisory vote to approve the compensation of the Company ’ s named executive officers should occur every one, two or three years.”
Shareholder Votes
HOVNANIAN ENTERPRISES INC shareholders approved Non-binding advisory vote on approval of the compensation of the Company’s named executive officers as disclosed in the Proxy Statement at the 2023-03-28 meeting.
“(3) Non-binding advisory vote on approval of the compensation of the Company ’ s named executive officers as disclosed in the Proxy Statement.”
Shareholder Votes
HOVNANIAN ENTERPRISES INC shareholders approved Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending October 31, 2023 at the 2023-03-28 meeting.
“(2) Ratification of the selection of Deloitte & Touche LLP as the Company ’ s independent registered public accounting firm for the fiscal year ending October 31, 2023.”
Shareholder Votes
HOVNANIAN ENTERPRISES INC shareholders approved Election of all directors at the 2023-03-28 meeting.
“(1) Election of all directors of the Company to hold office until the next annual meeting of shareholders and until their respective successors have been duly elected and qualified.”
Earnings Releases
HOVNANIAN ENTERPRISES INC reported preliminary financial results for fiscal first quarter ended January 31, 2023.
“On February 28, 2023, Hovnanian Enterprises, Inc. (the “Company”) issued a press release announcing its preliminary financial results for the fiscal first quarter ended January 31, 2023.”
Earnings Releases
HOVNANIAN ENTERPRISES INC reported the fiscal year ended October 31, 2022 results: revenue $2.92 billion, net income $225.5 million, EPS $29.00 per diluted common share.
“$886.8 million in the fourth quarter of fiscal 2022, compared with $814.3 million in the same quarter of the prior year. For the year ended October 31, 2022, total revenues were $2.92 billion compared with $2.78 billion in the prior year. ● Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 19.6% for the three months ended”
Earnings Releases
HOVNANIAN ENTERPRISES INC reported the fiscal fourth quarter ended October 31, 2022 results: revenue $886.8 million, net income $55.6 million, EPS $7.24 per diluted common share.
“results for its fiscal fourth quarter and year ended October 31, 2022. RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED OCTOBER 31, 2022: ● Total revenues increased 8.9% to $886.8 million in the fourth quarter of fiscal 2022, compared with $814.3 million in the same quarter of the prior year. For the year ended October 31, 2022, total revenues were $2.92 billion”
Miriam Hernandez-Kakol was appointed as Director at HOVNANIAN ENTERPRISES INC.
“On January 21, 2022, the Board of Directors (the “Board”) of Hovnanian Enterprises, Inc. (the “Company”) increased the number of directors on the Board from seven to eight and appointed Ms. Miriam Hernandez-Kakol as an independent director, effective immediately.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.