Brief: Hovnanian Enterprises Reports Q1 Loss Per Share Of $1.49

Hovnanian Enterprises

05/03/2020 14:22

March 5 (Reuters) - Hovnanian Enterprises Inc  HOV.N :
    * HOVNANIAN ENTERPRISES REPORTS FISCAL 2020 FIRST QUARTER
RESULTS
    * Q1 LOSS PER SHARE $1.49
    * Q1 REVENUE ROSE 29.8 PERCENT TO $494.1 MILLION
    * NUMBER OF CONSOLIDATED CONTRACTS INCREASED 41.5% TO 1,322
HOMES,
DURING FISCAL 2020 Q1
    * HOVNANIAN ENTERPRISES - DOLLAR VALUE OF CONSOLIDATED
CONTRACT
BACKLOG, AS OF JAN 31, INCREASED 20.0% TO $899.6 MILLION VERSUS
$749.8 MILLION AS OF JAN 31, 2019
    * HOVNANIAN ENTERPRISES - TOTAL LIQUIDITY AT END OF OF Q1 OF
FISCAL 2020 WAS $224.9 MILLION
    * CONSOLIDATED DELIVERIES WERE 1,236 HOMES IN 2020 Q1 A
27.8%
INCREASE COMPARED WITH 967 HOMES IN PREVIOUS YEAR'S Q1
    * HOVNANIAN ENTERPRISES - AS OF JAN 31, 2020, CONSOLIDATED
LOTS
CONTROLLED TOTALED 27,701
    * HOVNANIAN ENTERPRISES SAYS BOTH OVERALL U.S. ECONOMY &
CURRENT
HOUSING MARKET CONTINUE TO EXHIBIT SIGNS OF STRENGTH

Source text for Eikon:  ID:nGNX9DBXJX 
Further company coverage:  HOV.N 

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