Hovnanian Enterprises Files 8-K on Financials
Ticker: HOVVB · Form: 8-K · Filed: Dec 5, 2024 · CIK: 357294
Sentiment: neutral
Topics: financial-condition, results-of-operations, stock-information
Related Tickers: HOV
TL;DR
HOV filed an 8-K on Dec 5th covering financials - check it for stock details.
AI Summary
On December 5, 2024, Hovnanian Enterprises, Inc. filed an 8-K report detailing its financial condition and results of operations. The filing includes information on its Class A Common Stock, Preferred Stock Purchase Rights, and Depositary Shares for its 7.625% Series A Preferred Stock.
Why It Matters
This 8-K filing provides crucial updates on Hovnanian Enterprises' financial status and operational results, which can impact investor decisions and market perception.
Risk Assessment
Risk Level: low — This is a routine financial filing (8-K) and does not appear to contain any immediate negative news or significant changes.
Key Players & Entities
- Hovnanian Enterprises, Inc. (company) — Registrant
- December 5, 2024 (date) — Date of Report
- 90 Matawan Road, Fifth Floor Matawan, New Jersey 07747 (address) — Principal Executive Offices
- 732-747-7800 (phone_number) — Registrant's telephone number
FAQ
What is the primary purpose of this 8-K filing by Hovnanian Enterprises, Inc.?
The primary 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.
On what date was this 8-K report filed?
This 8-K report was filed on December 5, 2024.
What are the principal executive offices of Hovnanian Enterprises, Inc. as listed in the filing?
The principal executive offices are located at 90 Matawan Road, Fifth Floor, Matawan, New Jersey 07747.
What specific types of stock or securities are mentioned in relation to Hovnanian Enterprises, Inc. in this filing?
The filing mentions Class A Common Stock, Preferred Stock Purchase Rights, and Depositary Shares each representing 1/1000th of a share of 7.625% Series A Preferred Stock.
What is the IRS Employer Identification Number for Hovnanian Enterprises, Inc.?
The IRS Employer Identification Number for Hovnanian Enterprises, Inc. is 22-1851059.
Filing Stats: 1,562 words · 6 min read · ~5 pages · Grade level 15.2 · Accepted 2024-12-05 09:45:29
Key Financial Figures
- $0.01 — which registered Class A Common Stock $0.01 par value per share HOV New York St
Filing Documents
- hov-20241205.htm (8-K) — 51KB
- ex991_1.htm (EX-99.1) — 1165KB
- 0001753926-24-002037.txt ( ) — 1456KB
- hov-20241205_def.xml (EX-101.DEF) — 19KB
- hov-20241205_pre.xml (EX-101.PRE) — 19KB
- hov-20241205_cal.xml (EX-101.CAL) — 1KB
- hov-20241205_lab.xml (EX-101.LAB) — 24KB
- hov-20241205.xsd (EX-101.SCH) — 5KB
- hov-20241205_htm.xml (XML) — 7KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition . On December 5 , 202 4 , Hovnanian Enterprises, Inc. (the "Company") issued a press release announcing its preliminary financial results for the fiscal fourth quarter and fiscal year ended October 31 , 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 loss ( 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 sa
Financial Statements and Exhibits
Financial Statements and Exhibits . (d) Exhibits. Exhibit 99.1 Earnings Press Release - Fiscal Fourth Quarter and Year Ended October 31 , 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: December 5 , 202 4