Hovnanian Enterprises, Inc. Provides Earnings Guidance for the Third Quarter and Full Year of 2024
May 22, 2024 at 09:15 am
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Hovnanian Enterprises, Inc. provided earnings guidance for the third quarter and full year of 2024. For the third quarter of fiscal 2024, total revenues are expected to be between $675 million and $775 million.
For the full fiscal year, total revenues are expected to be between $2.75 billion and $3.00 billion.
Hovnanian Enterprises, Inc., through its subsidiaries, conducts all of its homebuilding and financial services operations. Its segment includes Homebuilding and Financial services. The Homebuilding segment consists of three segments: Northeast (Delaware, Illinois, Maryland, New Jersey, Ohio, Pennsylvania, Virginia and West Virginia); Southeast (Florida, Georgia and South Carolina), and West (Arizona, California and Texas). The Homebuilding segments are engaged in the sale and construction of single-family attached and detached homes, attached town homes and condominiums, urban infill and active lifestyle homes in planned residential developments. It also includes sales of land. The Financial services segment provides mortgage banking and title services to homebuilding operations customers. Its residential development activities include site planning and engineering, obtaining environmental and other regulatory approvals and constructing roads, drainage facilities and others.
HOVNANIAN ENTERPRISES, INC. 
