Hovnanian Enterprises, Inc. met or exceeded all guidance metrics for the fourth quarter and fiscal year 2025, reporting total revenues of $817.9 million for the quarter and $2.98 billion for the fiscal year. The company also successfully completed a $900 million unsecured debt refinancing.
Total revenues for Q4 2025 were $817.9 million, within the guidance range.
Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 10.7% for Q4 2025.
Consolidated contracts decreased by 10.8% to 1,209 homes in Q4 2025 compared to the prior year.
Successfully completed a $900 million unsecured debt refinancing, extending maturities until 2031 and 2033.
For the first quarter of fiscal 2026, Hovnanian Enterprises expects total revenues between $550 million and $650 million, adjusted homebuilding gross margin between 13.0% and 14.0%, adjusted income before income taxes between $10 million and $20 million, and adjusted EBITDA between $35 million and $45 million.
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