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.
Company Growth (employees)
Hovnanian Enterprises was founded in 1959 and is headquartered in Red Bank, US
Hovnanian Enterprises Office Locations
Hovnanian Enterprises has an office in Red Bank
Red Bank, US (HQ)
110 W Front St
Hovnanian Enterprises Data and Metrics
Hovnanian Enterprises Financial Metrics
Hovnanian Enterprises's revenue was reported to be $585.9 m in Q2, 2017
USD
Revenue (Q2, 2017) | 585.9 m |
Gross profit (Q2, 2017) | 88.2 m |
Gross profit margin (Q2, 2017), % | 15% |
Net income (Q2, 2017) | (6.7 m) |
Market capitalization (25-Jul-2017) | 355.6 k |
Cash (30-Apr-2017) | 280.8 m |
Hovnanian Enterprises's current market capitalization is $355.6 k.
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Revenue | 1.9 b | 2.1 b | 2.1 b | 2.8 b |
Revenue growth, % | 11% | 4% | 28% | |
Cost of goods sold | 1.5 b | 1.7 b | 1.8 b | 2.4 b |
Gross profit | 352 m | 389 m | 354.8 m | 396 m |
Gross profit Margin, % | 19% | 19% | 17% | 14% |
Operating expense total | 1.8 b | 2 b | 2.2 b | |
Pre tax profit | 21.9 m | 20.2 m | (21.8 m) | 2.4 m |
Net Income | 31.3 m | 307.1 m | (16.1 m) | (2.8 m) |
| USD | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | 551 m | 445.7 m | 468.9 m | 540.6 m | 575.6 m | 637.8 m | 700.3 m | 552 m | 585.9 m |
Cost of goods sold | 440.7 m | 368.4 m | 398.5 m | 450 m | 492.7 m | 567.2 m | 613.8 m | 466.5 m | 497.7 m |
Gross profit | 110.3 m | 77.4 m | 70.5 m | 90.6 m | 82.9 m | 70.6 m | 86.6 m | 85.5 m | 88.2 m |
Gross profit Margin, % | 20% | 17% | 15% | 17% | 14% | 11% | 12% | 15% | 15% |
General and administrative expense | 51.2 m | 47.6 m | 52.6 m | 52 m | 47.5 m | 56.4 m | 51.7 m | 44.4 m | 45.5 m |
Operating expense total | 51.2 m | 47.6 m | 52.6 m | 52 m | 47.5 m | 56.4 m | 51.7 m | 44.4 m | 45.5 m |
Pre tax profit | 15.4 m | (19.7 m) | (29.5 m) | (10 m) | (13.2 m) | 1.3 m | 18.2 m | 323 k | (7.7 m) |
Income tax expense | (758 k) | ||||||||
Net Income | 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) |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Cash | 329.2 m | 261.9 m | 253.7 m | 346.8 m |
Accounts Receivable | 1.5 m | |||
Inventories | 1.3 b | |||
PP&E | 46.7 m | 45.5 m | 50.3 m | |
Total Assets | 1.8 b | 2.3 b | 2.6 b | 2.4 b |
Accounts Payable | 307.8 m | 370.9 m | 348.5 m | 842.4 k |
Total Liabilities | 2.5 b | |||
Common Stock | 1.4 m | 1.4 m | 1.4 m | 1.4 m |
Retained Earnings | (1.1 b) | (837.3 m) | (853.4 m) | (856.2 m) |
| USD | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Cash | 183.7 m | 273.3 m | 261.6 m | 213.9 m | 152.6 m | 120.7 m | 181.5 m | 201.8 m | 280.8 m |
Inventories | 1.4 b | 1.5 b | 1.5 b | 1.6 b | 1.7 b | 1.7 b | 1.5 b | 1.3 b | 1.2 b |
PP&E | 46 m | 47 m | 46.4 m | 45.8 m | 46 m | 45.7 m | 48.4 m | 50 m | 53 m |
Total Assets | 1.9 b | 2.5 b | 2.5 b | 2.5 b | 2.6 b | 2.1 b | 1.9 b | ||
Common Stock | 1.4 m | 1.4 m | 1.4 m | 1.4 m | 1.4 m | 1.4 m | 1.4 m | 1.4 m | 1.4 m |
Retained Earnings | (1.2 b) | (851.6 m) | (871.2 m) | (878.9 m) | (869.5 m) | (878 m) | (878.5 m) | (856.3 m) | (863 m) |
| USD | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 |
|---|---|---|---|---|
Net Income | 31.3 m | 307.1 m | (16.1 m) | (2.8 m) |
Depreciation and Amortization | 4.7 m | 3.4 m | 3.4 m | 3.6 m |
Inventories | (110 m) | (270 m) | (310 m) | 328.1 m |
Cash From Operating Activities | 9.3 m | (190.6 m) | (320.5 m) | |
Cash From Investing Activities | 30.3 m | (14.2 m) | 2.5 m | (49 m) |
Cash From Financing Activities | 16.4 m | 137.4 m | 309.9 m | (245.7 m) |
Interest Paid | 85.4 m | 85.7 m | 101.8 m | |
Income Taxes Paid | 538 k | 1.8 m | (1.4 m) |
| USD | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 |
|---|---|---|---|---|---|---|---|---|---|
Net Income | 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) |
Accounts Payable | 315.8 m | 337.1 m | 342.8 m | 354.1 m | 348.4 m | 360.9 m | 380.8 m | 319.7 m | 312 m |
