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Hovnanian Enterprises, Inc. (HOV)
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Company Information
Ara K. Hovnanian, CEO/President/Director
110 West Front Street
P.O. Box 500
Red Bank, NJ 07701
US
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Phone: (732) 747-7800
Fax: (732) 747-7159
Latest news from Portfolio
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Houses of PainSep 25 2007
-
Even Realtors Are Rattled NowSep 05 2007
Overview
The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, mid-rise and high-rise condominiums, urban infill and active adult homes in planned residential developments.
Portfolio Articles
-
Houses of Pain
Homebuilder Lennar swings to a loss.Sep 25 2007 -
Even Realtors Are Rattled Now
Latest home-sale statistics show a 16 percent drop in contract closings nationwide.Sep 05 2007
News Feeds
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Hovnanian CEO: housing will be challenging in '09
AP
Dec 17 2008
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Hovnanian lost $450 million in 4th quarter
AP
Dec 16 2008
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Sector Snap: Homebuilders up on Fed's rate cut
AP
Dec 16 2008
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Ahead of The Bell: Hovnanian 4Q earnings
AP
Dec 16 2008
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Fitch clips ratings on 9 home builders
AP
Dec 12 2008
Press Releases
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Schaeffer's Early Edge: Morgan Stanley, Hovnanian, Fifth Third Bancorp, and Schnitzer Steel Dec-17-2008, 10:19AM EST
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Hovnanian Enterprises Reports Fiscal 2008 Results Dec-16-2008, 04:42PM EST
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Fitch Affirms Hovnanian's IDR at 'B-'; Outlook Negative Dec-12-2008, 04:19PM EST
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Hovnanian Enterprises Announces Fiscal Year 2008 Earnings Release and Conference Call Dec-03-2008, 12:00PM EST
News From Around the Web
News
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Home builder changes name (Orlando Sentinel)Jan 09 2009
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Ignore the NAR; now no time to bet on the U.S. housing market (Central Penn Business Journal)Jan 08 2009
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Cambridge Homes changing name (Orlando Sentinel)Jan 08 2009
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Builders Head to Capitol Hill to Urge Congress to Aid Housing (BUILDER Online)Jan 07 2009
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Construction spending falls less than... (ABC 7 Chicago (WLS))Jan 07 2009
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A year to forget (The Record, New Jersey)Jan 07 2009
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Towns may not wait for court rulings before filing affordable housing plans (Press of Atlantic City)Dec 24 2008
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Ahead of the Bell: Home Sales (Boston Globe)Dec 23 2008
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Another appeal seeks to transfer Galloway COAH obligation (Press of Atlantic City)Dec 23 2008
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Court denies Galloway-Bridgeton affordable housing swap (Press of Atlantic City)Dec 20 2008
Employees
Number of Employees: 4,318
Revenue per Employee: $1,111,376
Financials
Quarterly
Annual
| Income Statement | 09/2008 | 06/2008 | 03/2008 | 12/2007 |
|---|---|---|---|---|
| Sales | 785.42 Mil. | 116.48 Mil. | 1.13 Bil. | 1.53 Bil. |
| Gross Operating Profit | -68.88 Mil. | 659.96 Mil. | -34.78 Mil. | -137.03 Mil. |
| Operating Income before D & A (EBITDA) | -180.36 Mil. | 659.96 Mil. | -157.57 Mil. | -298.06 Mil. |
| Total Income Before Interest Expenses (EBIT) | -188.7 Mil. | 656.56 Mil. | -168.25 Mil. | -412.02 Mil. |
| Total Net Income | -202.48 Mil. | -340.71 Mil. | -130.94 Mil. | -466.59 Mil. |
| Basic EPS, Total | -2.67 | -5.29 | -2.07 | -7.44 |
| Diluted EPS, Total | -2.67 | -5.29 | -2.07 | -7.44 |
| BALANCE STATEMENT | 09/2008 | 06/2008 | 03/2008 | 12/2007 |
|---|---|---|---|---|
| Cash and Equivalents | 685.66 Mil. | NA | 81.33 Mil. | 16.23 Mil. |
| Total Assets | 3.71 Bil. | NA | 3.91 Bil. | 4.03 Bil. |
| Total Liabilities | 549.57 Mil. | NA | 3.08 Bil. | 803.79 Mil. |
| Total Capitalization | 3.32 Bil. | NA | 1.18 Bil. | 3.48 Bil. |
| Cash Flow | 09/2008 | 06/2008 | 03/2008 | 12/2007 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | 287.4 Mil. | NA | 15.95 Mil. | 61.97 Mil. |
| Net Cash From Investing Activities | -2.47 Mil. | NA | 7.05 Mil. | -32.39 Mil. |
| Net Cash From Financing Activities | 384.5 Mil. | NA | 42.09 Mil. | -67.66 Mil. |
| Net Change in Cash & Cash Equivalents | 669.43 Mil. | NA | 65.09 Mil. | -38.09 Mil. |
| Income Statement | 2007 | 2006 | 2006 | 2005 |
|---|---|---|---|---|
| Sales | 4.6 Bil. | 4.73 Bil. | 3.93 Bil. | 3.14 Bil. |
| Gross Operating Profit | 202.57 Mil. | 1.42 Bil. | 1.42 Bil. | 1.02 Bil. |
| Operating Income before D & A (EBITDA) | -427.47 Mil. | 628.28 Mil. | 836.8 Mil. | 611.93 Mil. |
| Total Income Before Interest Expenses (EBIT) | -637.17 Mil. | 236.72 Mil. | 800.3 Mil. | 569.83 Mil. |
| Total Net Income | -627.12 Mil. | 149.53 Mil. | 471.85 Mil. | 348.68 Mil. |
| Basic EPS, Total | -10.11 | 2.21 | 7.51 | 5.63 |
| Diluted EPS, Total | -10.11 | 2.14 | 7.16 | 5.35 |
| BALANCE STATEMENT | 2007 | 2006 | 2006 | 2005 |
|---|---|---|---|---|
| Cash and Equivalents | 16.23 Mil. | 54.32 Mil. | 229.5 Mil. | 78.02 Mil. |
| Total Assets | 4.03 Bil. | 4.67 Bil. | 4.11 Bil. | 2.74 Bil. |
| Total Liabilities | 803.79 Mil. | 1.1 Bil. | 1.23 Bil. | 672.41 Mil. |
| Total Capitalization | 3.48 Bil. | 4.04 Bil. | 3.29 Bil. | 2.28 Bil. |
| Cash Flow | 2007 | 2006 | 2006 | 2005 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | 61.97 Mil. | -650.71 Mil. | -23.94 Mil. | -188.15 Mil. |
| Net Cash From Investing Activities | -32.39 Mil. | -74.54 Mil. | -448.15 Mil. | -120.69 Mil. |
| Net Cash From Financing Activities | -67.66 Mil. | 568.3 Mil. | 623.56 Mil. | 258.64 Mil. |
| Net Change in Cash & Cash Equivalents | -38.09 Mil. | -156.95 Mil. | 151.48 Mil. | -50.2 Mil. |
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