HOV - Hovnanian GAAP EPS of $7.38 revenue of $650M

2023-08-30 09:36:32 ET

• Hovnanian press release ( NYSE: HOV ): Q3 GAAP EPS of $7.38.
• Revenue of $650M (-15.3% Y/Y).
• 81% Year over Year Increase in Net Contracts
• Net Contracts per Community Increased 92% Year over Year
• For fiscal 2023, total revenues are expected to be between $2.6 billion and $2.7 billion, adjusted homebuilding gross margin is expected to be between 22% and 23%, adjusted income before income taxes is expected to be between $215 million and $235 million, adjusted EBITDA is expected to be between $350 million and $370 million and fully diluted earnings per share is expected to be between $21 and $24.

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