HOV Q2 2024 Earnings — Hovnanian Enterprises, Inc. Revenue & Financial Results | Market Cap Arena

HOVHovnanian Enterprises, Inc.

$569M

Q2 2024 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$708M+0.7% YoY

Gross Profit

$143M20.2% margin

Operating Income

$64M9.0% margin

Net Income

$51M7.2% margin

EPS (Diluted)

$6.66

QoQ Revenue Growth

+19.4%

Cash Flow

Operating Cash Flow

$89M

Free Cash Flow

$85M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.7B

Stockholders' Equity

$647M

Cash & Equivalents

$182M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$708M	$704M	+0.7%
Gross Profit	$143M	$131M	+8.9%
Operating Income	$64M	$56M	+14.2%
Net Income	$51M	$34M	+48.9%

Revenue Segments

Home Building

$691M98%

Financial Service

$17M2%