HOVNANIAN ENTERPRISES INC

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.

Hovnanian Enterprises reported a net loss of $0.6 million for its fiscal second quarter ended April 30, 2026, compared to a net income of $19.7 million in the prior year. Total revenues for the quarter were $667.6 million, a slight decrease from $686.5 million year-over-year. Despite the net loss, the company met or exceeded guidance on nearly all metrics, with gross margins improving sequentially. Domestic contracts, including unconsolidated joint ventures, increased by 2.3% year-over-year, and total liquidity stood at $442.0 million, well above its target range. The company also provided financial guidance for the third quarter of fiscal 2026.

Hovnanian Enterprises reported fiscal second-quarter 2026 results, meeting or exceeding guidance on nearly all metrics. Despite a net loss of $0.6 million, gross margins improved sequentially, and total domestic contracts increased by 2.3% year-over-year. The company maintained strong liquidity and repurchased $9.5 million in common stock, while also providing guidance for the third quarter.

Hovnanian Enterprises, Inc. announced it will release its financial results for the second quarter ended April 30, 2026, on the morning of Thursday, May 21, 2026. The company will also host a webcast of its second quarter earnings conference call at 11:00 a.m. ET on the same day, accessible via its investor relations website.