HOVHovnanian Enterprises, Inc.

$547M

Q1 2019 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$381M-8.8% YoY

Gross Profit

$56M14.8% margin

Operating Income

$4M1.1% margin

Net Income

-$17M-4.6% margin

EPS (Diluted)

$-2.93

QoQ Revenue Growth

-38.1%

Cash Flow

Operating Cash Flow

-$122M

Free Cash Flow

-$123M

Stock-Based Comp.

$615,000

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$2.1B

Stockholders' Equity

-$470M

Cash & Equivalents

$113M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$381M	$417M	-8.8%
Gross Profit	$56M	$67M	-15.5%
Operating Income	$4M	-$2M	+296.6%
Net Income	-$17M	-$31M	+43.4%

Revenue Segments

Homebuilding

$371M97%

Financial Services

$10M3%

HOV Q1 2019 Earnings — Hovnanian Enterprises, Inc. Revenue & Financial Results | Market Cap Arena