Founded in 1959, Hovnanian Enterprises, Inc., designs, constructs and markets a variety of for-sale housing in 219 residential communities in 16 states. Hovnanian ranks among one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, Washington, D.C. and West Virginia and with total revenues of $2.1 billion on 5,507 home deliveries in fiscal 2015. Hovnanian is highly diversified by product type, selling a wide array of attached and detached home styles to buyers ranging from first-time purchasers to luxury buyers. As the developer of K. Hovnanian's® Four Seasons communities, the Company is also one of the nation's largest builders of active adult homes and has developed a specialization in urban infill locations. The Company's homes are marketed and sold under the trade names K. Hovnanian® Homes®, Brighton Homes®, and Parkwood Builders.
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Type
Public
HQ
Red Bank, US
Founded
1959
Size (employees)
1,905 (est)-2%
Website
khov.com
Hovnanian Enterprises was founded in 1959 and is headquartered in Red Bank, US
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Hovnanian Enterprises Office Locations

Hovnanian Enterprises has an office in Red Bank
Red Bank, US (HQ)
110 W Front St
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Hovnanian Enterprises Financials and Metrics

Hovnanian Enterprises Financials

Hovnanian Enterprises's revenue was reported to be $2.45 b in FY, 2017
USD

Revenue (Q2, 2018)

919.7 m

Gross profit (Q2, 2018)

162.4 m

Gross profit margin (Q2, 2018), %

17.7%

Net income (Q2, 2018)

(40.6 m)

Market capitalization (14-Jun-2018)

284.4 m

Closing share price (14-Jun-2018)

1.9

Cash (30-Apr-2018)

33.6 m

EV

993.6 m
Hovnanian Enterprises's current market capitalization is $284.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.9 b2.1 b2.1 b2.8 b2.5 b

Revenue growth, %

11%4%28%

Cost of goods sold

1.5 b1.7 b1.8 b2.4 b2.1 b

Gross profit

352 m389 m354.8 m396 m383.5 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

364 m449.9 m551 m445.7 m468.9 m540.6 m575.6 m637.8 m700.3 m552 m585.9 m592 m417.2 m919.7 m

Cost of goods sold

299 m363.4 m440.7 m368.4 m398.5 m450 m492.7 m567.2 m613.8 m466.5 m497.7 m502.5 m342.2 m757.3 m

Gross profit

65 m86.6 m110.3 m77.4 m70.5 m90.6 m82.9 m70.6 m86.6 m85.5 m88.2 m89.6 m74.9 m162.4 m

Gross profit Margin, %

18%19%20%17%15%17%14%11%12%15%15%15%18%18%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

329.2 m261.9 m253.7 m346.8 m469.3 m

Accounts Receivable

1.5 m

Inventories

1.3 b1 b

PP&E

46.7 m45.5 m50.3 m52.9 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

288.9 m245.2 m183.7 m273.3 m261.6 m213.9 m152.6 m120.7 m181.5 m201.8 m280.8 m285.7 m37.8 m33.6 m

Inventories

1.2 b1.3 b1.4 b1.5 b1.5 b1.6 b1.7 b1.7 b1.5 b1.3 b1.2 b1.2 b660.4 m658.9 m

PP&E

46 m47 m46.4 m45.8 m46 m45.7 m48.4 m50 m53 m52.4 m

Total Assets

1.8 b1.8 b1.9 b2.5 b2.5 b2.5 b2.6 b2.1 b1.9 b732.7 m722.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

31.3 m307.1 m(16.1 m)(2.8 m)(332.2 m)

Depreciation and Amortization

4.7 m3.4 m3.4 m3.6 m4.2 m

Inventories

(110 m)(270 m)(310 m)328.1 m255.4 m

Accounts Payable

Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

(24.5 m)(7.9 m)17.1 m(14.4 m)(19.6 m)(7.7 m)(16.2 m)(8.5 m)(474 k)(143 k)(6.7 m)

Depreciation and Amortization

790 k1.5 m

Inventories

(31.1 m)(20.3 m)

Accounts Payable

315.8 m337.1 m342.8 m354.1 m348.4 m360.9 m380.8 m319.7 m312 m
USDY, 2018

EV/CFO

-13.7 x

Financial Leverage

2.8 x
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Hovnanian Enterprises Online and Social Media Presence

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Hovnanian Enterprises News and Updates

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