Quarterly ResultJun 2, 2026, 04:17 PM

Hovnanian Enterprises Reports Q1 Net Loss of $0.595M vs. $19.7M Profit

AI Summary

Hovnanian Enterprises, Inc. reported a net loss of $0.595 million for the three months ended April 30, 2026, a significant decline from a net income of $19.726 million in the same period last year. Total revenues also decreased to $667.645 million from $686.471 million year-over-year. For the six-month period, net income fell to $20.264 million from $47.917 million. The company's balance sheet shows an increase in total assets to $2.828 billion and total liabilities to $2.001 billion, while total equity saw a slight decrease to $827.593 million.

Key Highlights

Hovnanian Enterprises reported a net loss of $0.595 million for the three months ended April 30, 2026, compared to a net income of $19.726 million in the prior year.
For the six months ended April 30, 2026, net income was $20.264 million, a decrease from $47.917 million in the same period last year.
Total revenues for the three months ended April 30, 2026, were $667.645 million, down from $686.471 million in the prior year.
Homebuilding revenues decreased to $644.247 million for the three months ended April 30, 2026, from $665.153 million in the prior year.
Basic net loss per common share was $0.46 for the three months ended April 30, 2026, compared to earnings of $2.64 in the prior year.
Total assets increased to $2.828 billion as of April 30, 2026, from $2.633 billion as of October 31, 2025.
Total liabilities increased to $2.001 billion as of April 30, 2026, from $1.802 billion as of October 31, 2025.
Total equity decreased to $827.593 million as of April 30, 2026, from $830.935 million as of October 31, 2025.

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HOV

Homebuilding

HOVNANIAN ENTERPRISES INC

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