Hovnanian Enterprises, Inc. Provides Revenue Guidance for the Third Quarter of 2022 and Earnings Guidance for the Full Year of 2022
June 01, 2022 at 11:00 am EDT
Share
Hovnanian Enterprises, Inc. provided earnings guidance for the third quarter and full year of 2022. For the quarter, the company expects revenue to be between $780 million and $830 million.
For the year, the company expects revenue to be between $2.8 billion and $3 billion and 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. 
