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Hovnanian Enterprises Inc (HOV.N)

HOV.N on New York Stock Exchange

1.86USD
28 Jul 2016
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Latest Key Developments (Source: Significant Developments)

Hovnanian Enterprises, GTIS Partners announces Homebuilding JV
Wednesday, 29 Jun 2016 12:18pm EDT 

Hovnanian Enterprises Inc [HOV.N]: Says company and GTIS Partners LP, have entered into a joint venture agreement to acquire portfolio of Homebuilding Communities . Approximately $160 million of capital will be invested in joint venture, with co contributing 25% and GTIS Partners providing 75% . Says Hovnanian will manage day-to-day operations of the venture .Hovnanian Enterprises Inc says expects proceeds from home sales to exceed $1.0 billion in revenue.  Full Article

Hovnanian Enterprises reports Q2 loss of $0.06 per share
Thursday, 2 Jun 2016 09:15am EDT 

Hovnanian Enterprises Inc : Q2 loss per share $0.06 . Total revenues were $654.7 million in Q2 of fiscal 2016, an increase of 39.6% . As of April 30, number of homes in contract backlog, including unconsolidated joint ventures, increased 11.7% to 3,453 homes . Hovnanian Enterprises Inc says consolidated deliveries were 1,598 homes in Q2 of fiscal 2016, a 30.7% increase . Sees FY 2016 revenue $2.7 billion to $2.9 billion . Adjusted EBITDA is expected to be between $200 million and $225 million in FY 2016 . Fy2016 revenue view $2.78 billion -- Thomson Reuters I/B/E/S . Hovnanian Enterprises reports fiscal 2016 second quarter results .Q2 revenue rose 39.6 percent to $654.7 million.  Full Article

Hovnanian Enterprises, Inc reiterates FY 2016 revenues and pretax profit guidance
Friday, 4 Dec 2015 09:15am EST 

Hovnanian Enterprises, Inc:reiterates our prior guidance that total revenues for all of FY 2016 are expected to be between $2.7 billion and $3.1 billion.Says pretax profit excluding land related charges, gains or losses on extinguishment of debt and other non-recurring items such as legal settlements are expected to be between $40 million and $100 million for all of fiscal 2016.  Full Article

Hovnanian Enterprises Inc's K. Hovnanian Enterprises, Inc. announces pricing of $250 million senior notes offering
Friday, 31 Oct 2014 04:15pm EDT 

Hovnanian Enterprises Inc:Says its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc., priced $250.0 mln aggregate principal amount of 8.000 pct Senior Notes due 2019 in a private placement.Notes will be guaranteed by the Company and substantially all of its subsidiaries.Intends to use net proceeds from the Notes Offering for general corporate purposes, including land acquisition and land development.  Full Article

Hovnanian Enterprises Inc's K. Hovnanian announces new senior notes offering
Friday, 31 Oct 2014 07:35am EDT 

Hovnanian Enterprises Inc:Says its wholly-owned subsidiary, K. Hovnanian Enterprises, Inc. (K. Hovnanian), plans to issue an aggregate principal amount of up to $200,000,000 of Senior Notes due 2019 in private placement.Notes will be guaranteed by the company and substantially all of its subsidiaries.K. Hovnanian intends to use the net proceeds from the Notes Offering for general corporate purposes, including land acquisition and land development.  Full Article

BRIEF-Hovnanian Enterprises, GTIS Partners announces Homebuilding JV

* Says company and GTIS Partners LP, have entered into a joint venture agreement to acquire portfolio of Homebuilding Communities