Hovnanian Revenue Jumps 11% in Q3
Hovnanian Enterprises (NYSE:HOV), one of the nation’s leading homebuilders, reported results for Q3 FY2025 on August 21, 2025. The most notable news was that it achieved GAAP revenue of $800.6 million, up 10.8% from the previous year and within its own guided range. However, net income and diluted earnings per share (GAAP) dropped sharply from the prior year, driven by a steep decline in gross profit margins. The reported EPS (GAAP) of $1.99 came in well below analyst expectations of $3.51, as profit headwinds persisted despite solid top-line growth. On the whole, the quarter demonstrated strong sales progress and disciplined land management, but with evident pressure on profitability and future backlog.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q2 2025 earnings report.
Hovnanian Enterprises builds homes for a wide variety of buyers, including first-time, luxury, and active-lifestyle customers. It operates across a large footprint, with projects in 17 of the country’s top 50 housing markets and an average home sale price of $538,000 in FY2024. Its range includes single-family homes, townhouses, and condominiums, with base prices from $62,000 to $1.91 million.
Source Fool.com
