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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.
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Las Empresas Hovnanianas reportan un aumento del 24% en los ingresos anuales, a pesar de una caída de los beneficios del Q4, con ingresos del 9% a $3B.