Hovnanian Enterprises, Inc. Provides Earnings Guidance for the First Quarter and Second Quarter and Fiscal Year of 2022
December 09, 2021 at 09:15 am EST
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Hovnanian Enterprises, Inc. provided earnings guidance for the first quarter and second quarter and fiscal year of 2022. For the first quarter of fiscal 2022, total revenues are expected to be between $640 million and $670 million.
For the second quarter of fiscal 2022, total revenues are expected to be between $700 million and $750 million.
For all of fiscal 2022, total revenues are expected to be between $2.80 billion and $3.00 billion. Fully diluted earnings per share is expected to be between $26.50 and $32.00.
Hovnanian Enterprises, Inc., through its subsidiaries, conducts all of its homebuilding and financial services operations. Its segment includes Homebuilding and Financial services. The Homebuilding segment consists of three segments: Northeast (Delaware, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia); Southeast (Florida, Georgia and South Carolina), and West (Arizona, California and Texas). The Homebuilding segments are engaged in the sale and construction of single-family attached and detached homes, attached town homes and condominiums, urban infill and active lifestyle homes in planned residential developments. It also includes sales of land. The Financial services segment provides mortgage banking and title services to homebuilding operations customers. Its residential development activities include site planning and engineering, obtaining environmental and other regulatory approvals and constructing roads, drainage facilities and others.
HOVNANIAN ENTERPRISES, INC. 
