Hovnanian swings to FY26 Q3 net loss of $4.47 million; revenue falls 11.85% year over year to $705.75 million

Reuters2026/08/20 13:15

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Hovnanian posted a net loss available to common stockholders of USD 4.5 million, or USD 0.70 per diluted share.
Revenue fell 11.85% to USD 705.7 million, while loss before income taxes was USD 2.8 million.
Homebuilding gross margin edged up 0.1 percentage point to 11.8%, while SG&A rose to 12.3% of revenue.
Consolidated domestic contracts slipped 4.6% to 1,155 homes, while consolidated domestic backlog value increased 5.1% to USD 881.9 million.
Fourth-quarter outlook calls for revenue of USD 800 million to USD 900 million, adjusted EBITDA of USD 50 million to USD 65 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hovnanian Enterprises Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608200915PRIMZONEFULLFEED9813517) on August 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hovnanian swings to FY26 Q3 net loss of $4.47 million; revenue falls 11.85% year over year to $705.75 million

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