Hovnanian Enterprises reports a 24% rise in yearly income, despite a Q4 profit drop, with revenues up 9% to $3B.

Hovnanian Enterprises, a national homebuilder, saw a 24% increase in income before taxes in fiscal 2024. Despite a Q4 profit drop to $91.68 million from $94.59 million the previous year, the company reported a 10.4% rise in Q4 revenue to $979.64 million. Yearly revenues increased 9% to $3.00 billion. The company also saw significant growth in contracts, lots controlled, and land development spending.

4 months ago
4 Articles