HOV Q1 2024 Earnings — Hovnanian Enterprises, Inc. Revenue & Financial Results | Market Cap Arena

HOVHovnanian Enterprises, Inc.

$569M

Q1 2024 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$593M+15.1% YoY

Gross Profit

$113M19.0% margin

Operating Income

$28M4.6% margin

Net Income

$24M4.0% margin

EPS (Diluted)

$2.91

QoQ Revenue Growth

-33.1%

Cash Flow

Operating Cash Flow

-$89M

Free Cash Flow

-$94M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.7B

Stockholders' Equity

$607M

Cash & Equivalents

$238M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$593M	$515M	+15.1%
Gross Profit	$113M	$100M	+12.8%
Operating Income	$28M	$26M	+4.5%
Net Income	$24M	$19M	+27.7%

Revenue Segments

Home Building

$579M97%

Financial Service

$15M3%