HOV Q2 2023 Earnings — Hovnanian Enterprises, Inc. Revenue & Financial Results | Market Cap Arena

HOVHovnanian Enterprises, Inc.

$569M

Q2 2023 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$704M+0.2% YoY

Gross Profit

$131M18.7% margin

Operating Income

$56M8.0% margin

Net Income

$34M4.9% margin

EPS (Diluted)

$4.47

QoQ Revenue Growth

+36.5%

Cash Flow

Operating Cash Flow

$97M

Free Cash Flow

$93M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$2.1B

Stockholders' Equity

$429M

Cash & Equivalents

$333M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$704M	$703M	+0.2%
Gross Profit	$131M	$166M	-20.8%
Operating Income	$56M	$99M	-43.2%
Net Income	$34M	$62M	-45.3%

Revenue Segments

Homebuilding

$2.8B99%

Financial Services

$28M1%