HOVNANIAN ENTERPRISES INC PRF STK SERIES 'A' USD25.00 | 10-Q: FY2025 Q3 Revenue: USD 800.58 M

Revenue: As of FY2025 Q3, the actual value is USD 800.58 M.

EPS: As of FY2025 Q3, the actual value is USD 1.99.

EBIT: As of FY2025 Q3, the actual value is USD 23.8 M.

Northeast Segment

• Revenue: $289.18 million for the three months ended July 31, 2025, up 13.3% from $255.33 million in the same period of 2024.
• Income Before Income Taxes: $41.45 million for the three months ended July 31, 2025, up 3.6% from $40.01 million in the same period of 2024.
• Homes Delivered: 479 homes for the three months ended July 31, 2025, up 18.6% from 404 homes in the same period of 2024.
• Average Sales Price: $601,269 for the three months ended July 31, 2025, down 4.7% from $630,653 in the same period of 2024.

Southeast Segment

• Revenue: $104.75 million for the three months ended July 31, 2025, down 9.7% from $115.96 million in the same period of 2024.
• Income Before Income Taxes: $11.64 million for the three months ended July 31, 2025, down 43.1% from $20.45 million in the same period of 2024.
• Homes Delivered: 195 homes for the three months ended July 31, 2025, down 15.6% from 231 homes in the same period of 2024.
• Average Sales Price: $535,862 for the three months ended July 31, 2025, up 6.9% from $501,316 in the same period of 2024.

West Segment

• Revenue: $377.19 million for the three months ended July 31, 2025, up 14.0% from $330.98 million in the same period of 2024.
• (Loss) Income Before Income Taxes: - $6.28 million for the three months ended July 31, 2025, down from $21.01 million in the same period of 2024.
• Homes Delivered: 757 homes for the three months ended July 31, 2025, up 22.1% from 620 homes in the same period of 2024.
• Average Sales Price: $497,423 for the three months ended July 31, 2025, down 2.7% from $511,026 in the same period of 2024.

Financial Services Segment

• Income Before Income Taxes: $13.85 million for the three months ended July 31, 2025, up from $6.53 million in the same period of 2024.

Corporate and Unallocated

• Corporate General and Administrative Expenses: $35.03 million for the three months ended July 31, 2025, down from $38.48 million in the same period of 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $19.21 million for the nine months ended July 31, 2025.
• Net Cash Used in Investing Activities: - $60.64 million for the nine months ended July 31, 2025.
• Net Cash Used in Financing Activities: - $30.52 million for the nine months ended July 31, 2025.

Future Outlook and Strategy

• The company plans to continue using nonrecourse mortgages, model sale leasebacks, joint ventures, and land banking programs as business needs dictate.
• The company is focused on increasing sales pace versus achieving a higher gross margin in the current homebuilding environment.