Hovnanian swings to FY26 Q3 net loss of $4.47 million; revenue falls 11.85% year over year to $705.75 million - HOV News | RalliesHovnanian 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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HOV• Quarterly results and outlook
- 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.
