Hovnanian Enterprises, Inc. (NYSE:HOV) has announced the fiscal year earnings for 2009. The company reports total revenues of $437.4 million for the three months ended October 31, 2009. The company’s total revenues, for the same period in 2008, were 4721.4 million. All of fiscal 2009 earned total revenues of $1.6 billion, compared to the $3.3 billion earned during the previous year.
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The company held a conference after the release of the financial results. To listen to a webcast of the presentation, visit the Investor Relations section of the company’s website, http://www.khov.com/. The webcast and the full financial results report will remain on the site for twelve months.
Hovnanian Enterprises, Inc. 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. The Company has delivered in excess of 280,000 homes, including 11,281 homes, as of October 31, 2008. The Company consists of two operations: homebuilding and financial services. Its homebuilding operations consist of six segments: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. Its financial services operations provide mortgage loans and title services to the customers of its homebuilding operations. As of October 31, 2008, the Company offered homes for sale in 284 communities in 44 markets in 18 states throughout the United States. It markets and builds homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers and empty nesters.
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