Hovnanian Enterprises Reports Fiscal 2024 Fourth Quarter and Full Year Results
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Hovnanian Enterprises reported a 24% year-over-year increase in full-year income before taxes for fiscal 2024. The company also saw a 44% year-over-year growth in quarterly consolidated contracts and a 32% increase in total consolidated lots controlled. Additionally, there was a 47% growth in annual land and land development spending.
December 05, 2024 | 2:30 pm
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Hovnanian Enterprises reported a strong fiscal 2024 with a 24% increase in income before taxes and significant growth in contracts and land development.
The reported 24% increase in income before taxes and significant growth in contracts and land development are positive indicators of Hovnanian's financial health and operational success, likely leading to a positive short-term impact on the stock price.
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