HOV Q1 2023 Earnings — Hovnanian Enterprises, Inc. Revenue & Financial Results | Market Cap Arena

HOVHovnanian Enterprises, Inc.

$569M

Q1 2023 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$515M-8.8% YoY

Gross Profit

$100M19.4% margin

Operating Income

$26M5.1% margin

Net Income

$19M3.6% margin

EPS (Diluted)

$2.26

QoQ Revenue Growth

-41.9%

Cash Flow

Operating Cash Flow

-$31M

Free Cash Flow

-$35M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$2.0B

Stockholders' Equity

$396M

Cash & Equivalents

$235M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$515M	$565M	-8.8%
Gross Profit	$100M	$113M	-11.8%
Operating Income	$26M	$48M	-44.6%
Net Income	$19M	$25M	-24.6%

Revenue Segments

Homebuilding

$503M98%

Financial Services

$12M2%