Hovnanian Enterprises Files 8-K on Financials
Ticker: HOVVB · Form: 8-K · Filed: May 22, 2024 · CIK: 357294
Sentiment: neutral
Topics: financial-results, 8-k
Related Tickers: HOV
TL;DR
HOV filed an 8-K on 5/22/24 with financial updates.
AI Summary
On May 22, 2024, Hovnanian Enterprises, Inc. filed an 8-K report detailing its financial results and condition. The filing includes financial statements and exhibits, providing an update on the company's operational and financial performance for the period ending May 22, 2024.
Why It Matters
This filing provides investors with crucial, up-to-date information on Hovnanian Enterprises' financial health and operational performance, impacting investment decisions.
Risk Assessment
Risk Level: low — This is a routine financial filing and does not indicate any immediate or significant new risks.
Key Players & Entities
- Hovnanian Enterprises, Inc. (company) — Registrant
- May 22, 2024 (date) — Date of earliest event reported
FAQ
What is the purpose of this 8-K filing?
The purpose of this 8-K filing is to report on Hovnanian Enterprises, Inc.'s Results of Operations and Financial Condition, as well as to file Financial Statements and Exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on May 22, 2024.
What is Hovnanian Enterprises, Inc.'s principal executive office address?
Hovnanian Enterprises, Inc.'s principal executive office is located at 90 Matawan Road, Fifth Floor, Matawan, New Jersey 07747.
What is the company's IRS Employer Identification Number?
The company's IRS Employer Identification Number is 22-1851059.
What is the Standard Industrial Classification code for Hovnanian Enterprises, Inc.?
The Standard Industrial Classification code for Hovnanian Enterprises, Inc. is 1531, which corresponds to Operative Builders.
Filing Stats: 1,544 words · 6 min read · ~5 pages · Grade level 15.1 · Accepted 2024-05-22 10:00:33
Key Financial Figures
- $0.01 — which registered Class A Common Stock $0.01 par value per share HOV New York St
Filing Documents
- hov-20240522.htm (8-K) — 50KB
- ex991_1.htm (EX-99.1) — 1317KB
- 0001753926-24-001015.txt ( ) — 1607KB
- hov-20240522_def.xml (EX-101.DEF) — 19KB
- hov-20240522_pre.xml (EX-101.PRE) — 19KB
- hov-20240522_cal.xml (EX-101.CAL) — 1KB
- hov-20240522_lab.xml (EX-101.LAB) — 24KB
- hov-20240522.xsd (EX-101.SCH) — 5KB
- hov-20240522_htm.xml (XML) — 6KB
02
Item 2.02. Results of Operations and Financial Condition . On May 22 , 202 4 , Hovnanian Enterprises, Inc. (the "Company") issued a press release announcing its preliminary financial results for the fiscal second quarter ended April 30 , 202 4 . A copy of the press release is attached as Exhibit 99.1. The information in this Current Report on Form 8-K and the Exhibit attached hereto is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The attached earnings press release contains information about consolidated earnings before interest expense and income taxes ("EBIT") and before depreciation and amortization ("EBITDA") and before inventory impairments and land option write-offs and gain on extinguishment of debt, net ("Adjusted EBITDA") and also contains the ratio of Adjusted EBITDA to interest incurred, which are non-GAAP financial measures. The most directly comparable GAAP financial measure for EBIT, EBITDA and Adjusted EBITDA is net income. A reconciliation for historical periods of EBIT, EBITDA and Adjusted EBITDA to net income is contained in the earnings press release. The attached earnings press release contains information about homebuilding gross margin, before cost of sales interest expense and land charges, and homebuilding gross margin percentage, before cost of sales interest expense and land charges, which are non-GAAP financial measures. The most directly comparable GAAP financial measures are homebuilding gross margin and homebuilding gross margin percentage, respectively. A reconciliation for historical periods of homebuilding gross margin, before cost of sales interest expense and land
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits. Exhibit 99.1 Earnings Press Release-Fiscal Second Quarter Ended April 30 , 202 4 . Exhibit 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HOVNANIAN ENTERPRISES, INC. (Registrant) By: /s/ Brad G. O'Connor Name: Brad G. O'Connor Title: Chief Financial Officer and Treasurer Date: May 22 , 202 4