Hovnanian Enterprises, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2025
Published on 05/20/2025 at 11:36
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Hovnanian Enterprises, Inc. reported earnings results for the second quarter and six months ended April 30, 2025. For the second quarter, the company reported revenue was USD 686.47 million compared to USD 708.38 million a year ago. Net income was USD 19.73 million compared to USD 50.84 million a year ago. Basic earnings per share from continuing operations was USD 2.64 compared to USD 7.12 a year ago. Diluted earnings per share from continuing operations was USD 2.43 compared to USD 6.66 a year ago.
For the six months, revenue was USD 1,360.09 million compared to USD 1,302.58 million a year ago. Net income was USD 47.92 million compared to USD 74.74 million a year ago. Basic earnings per share from continuing operations was USD 6.53 compared to USD 10.22 a year ago. Diluted earnings per share from continuing operations was USD 6.02 compared to USD 9.57 a year ago.
Hovnanian Enterprises, Inc., through its subsidiaries, conducts all of its homebuilding and financial services operations. It has two distinct operations: 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.
