HOVHovnanian Enterprises, Inc.

$540M

FY 2011 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$1.1B-17.3% YoY

Gross Profit

$23M2.0% margin

Operating Income

-$193M-17.0% margin

Net Income

-$286M-25.2% margin

EPS (Diluted)

$-71.21

Cash Flow

Operating Cash Flow

-$207M

Free Cash Flow

-$208M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$2.1B

Stockholders' Equity

-$497M

Cash & Equivalents

$251M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.1B	$1.4B	-17.3%
Gross Profit	$23M	$48M	-51.3%
Operating Income	-$193M	-$200M	+3.6%
Net Income	-$286M	$3M	-11154.4%

HOV FY 2011 Earnings — Hovnanian Enterprises, Inc. Revenue & Financial Results | Market Cap Arena