Hovnanian Enterprises Reports Preliminary Q3 FY2026 Results

What Happened

• On August 20, 2026, Hovnanian Enterprises, Inc. (HOV) furnished a press release with its preliminary financial results for the fiscal third quarter ended July 31, 2026. The release is attached as Exhibit 99.1 to the Form 8‑K. The company noted that the filing and the attached press release are being furnished (not “filed”) under the Exchange Act.
• The press release presents both GAAP results and a series of non‑GAAP metrics management uses to evaluate performance, including EBIT, EBITDA, Adjusted EBIT, Adjusted EBITDA, homebuilding gross margin excluding cost of sales interest and land charges, adjusted (loss) income before income taxes, Adjusted Investment (inventories adjusted for unconsolidated joint ventures and certain items), and Adjusted EBIT ROI.

Key Details

• Filing date: August 20, 2026; quarter ended: July 31, 2026.
• Company furnished (not filed) a press release (Exhibit 99.1) with preliminary quarterly financial results.
• Non‑GAAP measures disclosed: EBIT, EBITDA, Adjusted EBIT/Adjusted EBITDA, homebuilding gross margin (before cost of sales interest and land charges), adjusted (loss) income before taxes, Adjusted Investment, and Adjusted EBIT ROI.
• The press release includes reconciliations of the non‑GAAP measures to the most directly comparable GAAP measures; company warns its non‑GAAP calculations may differ from others’.

Why It Matters

• Preliminary quarterly results give investors an early look at the company’s recent operating performance and the metrics management is highlighting. The non‑GAAP measures emphasize operating results excluding land charges, interest amortized to cost of sales, and other items that Hovnanian says are not characteristic of ongoing operations.
• For retail investors, pay attention to both the GAAP figures (when filed) and the reconciliations: non‑GAAP metrics can be useful for comparing operating trends but may be calculated differently across companies and should not replace GAAP results.