HOV Q3 2023 Earnings — Hovnanian Enterprises, Inc. Revenue & Financial Results | Market Cap Arena

HOVHovnanian Enterprises, Inc.

$569M

Q3 2023 Earnings

Consumer Cyclical Residential Construction

Income Statement

Revenue

$650M-15.3% YoY

Gross Profit

$136M20.9% margin

Operating Income

$88M13.5% margin

Net Income

$56M8.6% margin

EPS (Diluted)

$7.38

QoQ Revenue Growth

-7.6%

Cash Flow

Operating Cash Flow

$226M

Free Cash Flow

$221M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$1.9B

Stockholders' Equity

$482M

Cash & Equivalents

$325M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$650M	$768M	-15.3%
Gross Profit	$136M	$185M	-26.3%
Operating Income	$88M	$120M	-26.7%
Net Income	$56M	$83M	-32.5%

Revenue Segments

Homebuilding

$2.5B99%

Financial Services

$29M1%