Company: HOVVB
Filing Date: 2025-05-20
Form Type: 8-K
Source: 0001753926-25-000870
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Company: HOVNANIAN ENTERPRISES INC
Filing Date: 2025-05-20
Form: 8-K
Item: Item 2.02
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Item 2.02.

Results of Operations and Financial Condition.

On May 20, 2025, Hovnanian Enterprises,
Inc. (the “ Company”) issued a press release announcing its preliminary
financial results for the fiscal second quarter ended April 30, 2025. A copy of
the press release is attached as Exhibit 99.1.

The information in this Current Report on
Form 8-K and the Exhibit attached hereto is being furnished and shall not be
deemed “filed” for purposes of Section 18 of the Securities Exchange Act of
1934, as amended (the “ Exchange Act”), or otherwise subject to the liability of
that section, nor shall it be deemed incorporated by reference in any filing
under the Securities Act of 1933, as amended, or the Exchange Act, except as
shall be expressly set forth by specific reference in such filing.

The attached earnings press release
contains information about consolidated earnings before interest expense and
income taxes (“ EBIT”) and before depreciation and amortization (“ EBITDA”) and
before inventory impairments and land option write-offs and loss (gain) on
extinguishment of debt, net (“ Adjusted EBITDA”), the ratio of Adjusted EBITDA
to interest incurred and EBIT before
inventory impairments and land option write-offs and loss (gain) on
extinguishment of debt, net (“ Adjusted EBIT”)

The attached earnings press release
contains information about homebuilding gross margin, before cost of sales
interest expense and land charges, and homebuilding gross margin percentage,
before cost of sales interest expense and land charges, which are non-GAAP
financial measures. The most directly comparable GAAP financial measures are
homebuilding gross margin and homebuilding gross margin percentage,
respectively. A reconciliation for historical periods of homebuilding gross
margin, before cost of sales interest expense and land charges, and
homebuilding gross margin percentage, before cost of sales interest expense and
land charges, to homebuilding gross margin and homebuilding gross margin
percentage, respectively, is contained in the earnings press release.

The attached earnings press release contains
information about adjusted income before income taxes, which is defined as
income before income taxes excluding land-related charges and loss (gain) on
extinguishment of debt, net, which is a non-GAAP financial measure. The most
directly comparable GAAP financial measure is income before income taxes. A
reconciliation for historical periods of