Hovnanian 2Q Profit Falls on Lower Revenue, Higher Costs

Dow Jones

05/20

By Dean Seal

Hovnanian Enterprises logged a smaller profit in its fiscal second quarter as revenue slipped and costs rose.

The homebuilder posted a profit of $19.7 million, or $2.43 a share, for the three months ended April 30, compared with $50.8 million, or $6.66 a share, in the same quarter a year earlier.

Revenue slid 3.1% to $686.5 million. Costs and expenses, meanwhile, rose 3%.

The company's margins weakened as revenue came down. Chief Executive Ara Hovnanian said the company didn't achieve all of its financial guidance during the quarter.

Hovnanian has grown its land position by almost 50% over the past two years, which means revenue should grow significantly if stronger demand returns, the CEO said.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

May 20, 2025 09:42 ET (13:42 GMT)

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Costs and expenses, meanwhile, rose 3%. \n</p>\n<p>\n  The company's margins weakened as revenue came down. Chief Executive Ara Hovnanian said the company didn't achieve all of its financial guidance during the quarter. \n</p>\n<p>\n  Hovnanian has grown its land position by almost 50% over the past two years, which means revenue should grow significantly if stronger demand returns, the CEO said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 20, 2025 09:42 ET (13:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hovnanian 2Q Profit Falls on Lower Revenue, Higher Costs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHovnanian 2Q Profit Falls on Lower Revenue, Higher Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-05-20 21:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Dean Seal \n</p>\n<pre>\n \n</pre>\n<p>\n  Hovnanian Enterprises logged a smaller profit in its fiscal second quarter as revenue slipped and costs rose. \n</p>\n<p>\n  The homebuilder posted a profit of $19.7 million, or $2.43 a share, for the three months ended April 30, compared with $50.8 million, or $6.66 a share, in the same quarter a year earlier. \n</p>\n<p>\n  Revenue slid 3.1% to $686.5 million. Costs and expenses, meanwhile, rose 3%. \n</p>\n<p>\n  The company's margins weakened as revenue came down. Chief Executive Ara Hovnanian said the company didn't achieve all of its financial guidance during the quarter. \n</p>\n<p>\n  Hovnanian has grown its land position by almost 50% over the past two years, which means revenue should grow significantly if stronger demand returns, the CEO said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 20, 2025 09:42 ET (13:42 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HOV","symbol_name":"霍夫纳尼安","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2536643969","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2536643969","pubTimestamp":1747748520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Hovnanian Enterprises logged a smaller profit in its fiscal second quarter as revenue slipped and costs rose.The homebuilder posted a profit of $19.7 million, or $2.43 a share, for the three months ended April 30, compared with $50.8 million, or $6.66 a share, in the same quarter a year earlier.Revenue slid 3.1% to $686.5 million. Costs and expenses, meanwhile, rose 3%.The company's margins weakened as revenue came down. 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Costs and expenses, meanwhile, rose 3%. \n\n\n  The company's margins weakened as revenue came down. Chief Executive Ara Hovnanian said the company didn't achieve all of its financial guidance during the quarter. \n\n\n  Hovnanian has grown its land position by almost 50% over the past two years, which means revenue should grow significantly if stronger demand returns, the CEO said. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 20, 2025 09:42 ET (13:42 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}