BNET Industries

Hovnanian Enterprises Inc.

Market Cap:$238.0M

Last Fiscal Year Sales:$3.3B

Public
US

Dow Jones Description

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, Chairman, is headquartered in Red Bank, New Jersey. The Company is one of the nation's largest homebuilders with operations in Arizona, California, Delaware, Florida, Maryland, New Jersey, New York, Michigan, Minnesota, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The Company's homes are marketed and sold under the trade names K. Hovnanian Homes, Goodman Homes, Matzel & Mumford, Diamond Homes, Westminster Homes, Forecast Homes, Parkside Homes, Brighton Homes, Parkwood Builders, Great Western Homes, Windward Homes and Cambridge Homes. As the developer of K. Hovnanian's Four Seasons communities, the Company is also one of the nation's largest builders of active adult homes.

Chief Executive Officer

Ara K. Hovnanian

Number of Employees 2,816

Contact Information

10 Hwy 35

PO Box 500

Red Bank, New Jersey 07701-5902

www.khov.com

(732) 747-7800

Peer Companies

NAICS Code New Housing Operative Builders: 236117

Recent Events

Hovnanian Enterprises Announces Fiscal Year 2009 Earnings Release and Conference Call

12/03/09 - Financial Announcement - View Story
Hovnanian Enterprises, GoldenTree InSite Partners Reach JV Agreement To Buy Portfolio Of Homebuilding Projects -...

11/09/09 - Joint Venture / Alliance - View Story
Hovnanian Enterprises and GoldenTree InSite Partners Announce Formation of Homebuilding Joint Venture

11/09/09 - Joint Venture / Alliance - View Story
Hovnanian combines titles, raises watchdog hackles

11/06/09 - Board Member - Leaving - View Story
Homebuilder sentiment index falls in October

10/19/09 - Bond / Stock Rating - View Story
Correction: Fitch Rates Hovnanian's Senior Secured Notes 'B-/RR3'

10/07/09 - Bond / Stock Rating - View Story
Hovnanian Enterprises to raise $775 million through private placement

10/05/09 - New Investment - View Story
Hovnanian Announces Completion of Early Tender Period, Receipt of Requisite Consents in Its Tender Offers...

10/05/09 - Licensing / Contract - View Story
K. Hovnanian Enterprises, Inc. Amends Proposed Amendments in Respect of Its Senior Secured Notes Due...

10/01/09 - Licensing / Contract - View Story
Kevork S. Hovnanian, Construction Company Founder, Dies at 86

9/25/09 - Financial Announcement - View Story
Shares fall sharply for Hovnanian Enterprises

9/03/09 - Bond / Stock Rating - View Story
Today's Big Losers: FDO, HOV, AMED, ABM, JTX

9/03/09 - Financial Announcement - View Story

News & Analysis

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finance and hovnanian enterprises inc. and operational accounting - All News and Analysis

Hovnanian Enterprises F3Q09 (Qtr End 7/31/09) Earnings Call Transcript

Seeking Alpha - 2009-09-03

Question-and-Answer Session Operator Operator Instructions Your first question comes from the line of Carl Reichardt of Wells Fargo. Carl Reichardt - Wells Fargo I had a question about mothballing the 8,700 lots. I’m just trying to get a sense of what scenario would have to unfold for those lots...

Tags: Community, Wells Fargo & Co., Call Transcript, Earnings, Mortgages, Operational Accounting, Personal Finance, Finance, Capital Structures, Seeking Alpha, Hovnanian Enterprises Inc.
Hovnanian Enterprises, Inc. F1Q09 (Qtr End 1/31/09) Earnings Call Transcript

Seeking Alpha - 2009-03-11

Question-and-Answer Session Operator Operator Instructions Your first question comes from Michael Rehaut – JP Morgan. Michael Rehaut – JP Morgan The first question, we appreciate a lot the detail month-by-month that you gave on Slide Four in terms of the net contracts, I was hoping just for...

Tags: Hovnanian Enterprises Inc., J.P. Morgan Chase & Co., Cash Flow, Call Transcript, Earnings, Operational Accounting, Personal Finance, Finance, Seeking Alpha
Hovnanian Enterprises, Inc. F4Q08 (Quarter End 11/30/08) Earnings Call Transcript

Seeking Alpha - 2008-12-17

Question-and-Answer Session Operator Instructions Your first question comes from David Goldberg – UBS. David Goldberg - UBS I’m trying to get an idea given where the backlog is now as you guys look forward into fiscal ’09 the ability to generate free cash flow based on where...

Tags: Hovnanian Enterprises Inc., Call Transcript, Earnings, UBS AG, Operational Accounting, Business Structures, Financial Accounting, Investment, Financial Services, Finance, Seeking Alpha

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Decision Makers

Name (plus bio)	Position
Ara K. Hovnanian	Chief Executive Officer
Kevork S. Hovnanian	Chief Executive Officer
J. Larry Sorsby	Chief Financial Officer
John F. Ulen	CIO & Vice President
Larry Sorsby	CFO & Executive Vice President
Kevin C. Hake	Senior Vice President, Finance
Mark S. Hodges	Senior Vice President, Corp Operations
Paul W. Buchanan	Senior Vice President
Peter S. Reinhart	Senior Vice President
Robyn T. Mingle	Senior Vice President, Human Resources
Bill Moore	Vice President, Organizational Development
Gary G. Hill	Vice President, Sales, Marketing
Jane M. Hurd	Vice President, Audit Services
Louis J. Csabay	Vice President, HR
Nancy A. Marrazzo	Assistant Vice President & Assistant Treasurer
Timothy P. Mason	Vice President, Risk Mngmnt
Brian A. Cheripka	Assistant Director, Investor Relations
Jeffrey T. O'Keefe	Director, Investor Relations
Joseph A. Marengi	Director
Stephen D Weinroth	Director
John J. Robbins	Member

Board of Directors

Name (plus bio)	Position
Arthur M. Greenbaum	Board of Directors
Desmond P. McDonald	Board of Directors
Geaton A. Decesaris	Board of Directors

Mr. A. Hovnanian has been Chief Executive Officer since July 1997 after being appointed President in 1988 and Executive Vice President in 1983. Mr. A. Hovnanian joined the Company in 1979 and has been a Director of the Company since 1981. Mr. Hovnanian serves as Member of the Advisory Council of PNC Bank. Mr. A. Hovnanian is the son of Mr. K. Hovnanian.

Organization	Position	Status
Hovnanian Enterprises, Inc.	Chief Executive Officer	Current
Hovnanian Enterprises, Inc.	Director	Current
Hovnanian Enterprises, Inc.	President	Former
Hovnanian Enterprises, Inc.	Executive Vice President	Former

Mr. K. Hovnanian is the founder of the Company and has served as Chairman of the Board since its original incorporation in 1967. He served as Chief Executive Officer from 1967 through July 1997. In 1996, the New Jersey Institute of Technology awarded Mr. Hovnanian a President’s Medal for “Distinguished Achievement to an Outstanding Entrepreneur”. In 1992, Mr. Hovnanian was granted one of five nationwide Harvard Dively Awards for Leadership in Corporate Public Initiatives.

Organization	Position	Status
Hovnanian Enterprises, Inc.	Chief Executive Officer	Current
Hovnanian Enterprises, Inc.	Chairman	Current
Hovnanian Enterprises, Inc.	Founder	Former
Hovnanian Enterprises, Inc.	Director	Former

Mr. Sorsby has been Chief Financial Officer of the Company since 1996 and Executive Vice President since November 2000. From March 1991 to November 2000, he was Senior Vice President, and from March 1991 to July 2000, he was Treasurer. Mr. Sorsby was elected as a Director of the Company in 1997.

Organization	Position	Status
Hovnanian Enterprises, Inc.	Chief Financial Officer	Current
Forecast Homes	Executive Vice President, Chief Financial Officer	Current
Westminster Homes, Ltd.	Executive Vice President, Chief Financial Officer	Current
K. Hovnanian Companies, LLC	Executive Vice President, Chief Financial Officer	Current
Highland Shores	Executive Vice President, Chief Financial Officer	Current
Matzel and Mumford	Executive Vice President, Chief Financial Officer and Director	Current
Greenway Farm	Executive Vice President, Chief Financial Officer and Director	Current
Parkwood Builders	Executive Vice President, Chief Financial Officer and Director	Current
Four Seasons At Saint Margarets	Executive Vice President, Chief Financial Officer and Director	Current
Craftbuilt Homes, LLC	Executive Vice President, Chief Financial Officer and Director	Current
Cameronstationcondos	Executive Vice President, Chief Financial Officer and Director	Current
American Southwest Financial	Board of Directors	Current
Hovnanian Enterprises, Inc.	Treasurer	Current
Sloop Cove Landing	Board of Directors	Current
Hovnanian Enterprises, Inc.	Senior Vice President	Former
Stephen F. Austin State University	Bba	Former

Organization	Position	Status
Hovnanian Enterprises, Inc.	CIO & Vice President	Current

Organization	Position	Status
Hovnanian Enterprises, Inc.	CFO & Executive Vice President	Current
Hovnanian Enterprises, Inc.	CFO & Executive Vice President	Current

Prior to joining K Hovnanian in 2000, Mr. Hake was a Director for BankBoston and Fleet Bank, where he managed the bank's residential lending programs. Before that, he was a Vice President with Chemical Bank in its real estate finance department and a consultant with Arthur Anderson & Co. Inc.

Organization	Position	Status
Westminster Homes, Ltd.	Treasurer and Senior Vice President of Finance	Current
K. Hovnanian Companies, LLC	Treasurer and Senior Vice President of Finance	Current
Highland Shores	Treasurer and Senior Vice President of Finance	Current
Forecast Homes	Treasurer and Senior Vice President of Finance	Current
Matzel and Mumford	Treasurer and Senior Vice President of Finance	Current
Hovnanian Enterprises, Inc.	Senior Vice President, Finance	Current
Hovnanian Enterprises, Inc.	Treasurer	Current
Fleet Bank	Director	Former
BankBoston International	Director	Former
Kellogg School of Management at Northwestern University	Master's Degree	Former

Organization	Position	Status
Hovnanian Enterprises, Inc.	Senior Vice President, Corp Operations	Current

Organization	Position	Status
Craftbuilt Homes, LLC	Senior Vice President and Chief Accounting Officer	Current
Cameronstationcondos	Senior Vice President and Chief Accounting Officer	Current
Hovnanian Enterprises, Inc.	Senior Vice President	Current
Craftbuilt Homes, LLC	Board of Directors	Current
Cameronstationcondos	Board of Directors	Current
Sloop Cove Landing	Board of Directors	Current
Greenway Farm	Board of Directors	Current
Parkwood Builders	Board of Directors	Current
Hovnanian Enterprises, Inc.	Corporate Controller	Former
Ohio University	Graduate	Former

Organization	Position	Status
Craftbuilt Homes, LLC	Senior Vice President and General Counsel	Current
Four Seasons At Saint Margarets	Senior Vice President and General Counsel	Current
Parkwood Builders	Senior Vice President and General Counsel	Current
Greenway Farm	Senior Vice President and General Counsel	Current
Cameronstationcondos	Senior Vice President and General Counsel	Current
Sloop Cove Landing	Senior Vice President and General Counsel	Current
Hovnanian Enterprises, Inc.	Senior Vice President	Current
Westminster Homes, Ltd.	Senior Vice President and General Counsel	Current
K. Hovnanian Companies, LLC	Senior Vice President and General Counsel	Current
Matzel and Mumford	Senior Vice President and General Counsel	Current
Forecast Homes	Senior Vice President and General Counsel	Current
Highland Shores	Senior Vice President and General Counsel	Current
Craftbuilt Homes, LLC	Board of Directors	Current
Four Seasons At Saint Margarets	Board of Directors	Current
Matzel and Mumford	Board of Directors	Current
Greenway Farm	Board of Directors	Current
Cameronstationcondos	Board of Directors	Current
Sloop Cove Landing	Board of Directors	Current
Parkwood Builders	Board of Directors	Current
Hovnanian Enterprises, Inc.	General Counsel	Former
Franklin & Marshall College	Graduate	Former
Rutgers University		Former
Princeton University		Former

Organization	Position	Status
Craftbuilt Homes, LLC	Senior Vice President, Human Resources	Current
Cameronstationcondos	Senior Vice President, Human Resources	Current
Four Seasons At Saint Margarets	Senior Vice President, Human Resources	Current
Parkwood Builders	Senior Vice President, Human Resources	Current
Greenway Farm	Senior Vice President, Human Resources	Current
Hovnanian Enterprises, Inc.	Senior Vice President, Human Resources	Current
Highland Shores	Senior Vice President, Corporate Human Resources	Current
Westminster Homes, Ltd.	Senior Vice President, Corporate Human Resources	Current
K. Hovnanian Companies, LLC	Senior Vice President, Corporate Human Resources	Current
Matzel and Mumford	Senior Vice President, Corporate Human Resources	Current
Forecast Homes	Senior Vice President, Corporate Human Resources	Current
Craftbuilt Homes, LLC	Board of Directors	Current
Four Seasons At Saint Margarets	Board of Directors	Current
Matzel and Mumford	Board of Directors	Current
Greenway Farm	Board of Directors	Current
Cameronstationcondos	Board of Directors	Current
Parkwood Builders	Board of Directors	Current
Sloop Cove Landing	Board of Directors	Current
Juvenile Diabetes Research Foundation	Director	Current
Black & Company	Vice President of Human Resources	Former
The Black & Decker Corporation	Vice President ,Human Resources	Former
University of Baltimore	Master of Science ,Industrial Psychology	Former
Bloomsburg University of Pennsylvania	Bachelor's ,Psychology and Industrial Relations	Former

Organization	Position	Status
Hovnanian Enterprises, Inc.	Vice President, Organizational Development	Current

Organization	Position	Status
Hovnanian Enterprises, Inc.	Vice President, Sales, Marketing	Current

Organization	Position	Status
Hovnanian Enterprises, Inc.	Vice President, Audit Services	Current

Organization	Position	Status
Hovnanian Enterprises, Inc.	Vice President, HR	Current

Organization	Position	Status
Hovnanian Enterprises, Inc.	Assistant Vice President & Assistant Treasurer	Current

Organization	Position	Status
Hovnanian Enterprises, Inc.	Vice President, Risk Mngmnt	Current

Organization	Position	Status
Hovnanian Enterprises, Inc.	Assistant Director, Investor Relations	Current
Hovnanian Enterprises, Inc.	Assistant Director, Investor Relations	Former

Organization	Position	Status
Hovnanian Enterprises, Inc.	Director, Investor Relations	Current
Hovnanian Enterprises, Inc.	Director, Investor Relations	Former

Organization	Position	Status
Hovnanian Enterprises, Inc.	Board of Directors	Current

Organization	Position	Status
Midlantic, Ltd.	Vice Chairman	Current
Hovnanian Enterprises, Inc.	Board of Directors	Current
Midlantic, Ltd.	Director	Former

Organization	Position	Status
Hovnanian Enterprises, Inc.	Board of Directors	Current
Hovnanian Enterprises, Inc.	President, Land Investment Group	Former

Organization	Position	Status
Dell Financial Services	Board Member	Current
Hovnanian Enterprises, Inc.	Director	Current
Sloop Cove Landing	Board of Directors	Current
Cameronstationcondos	Board of Directors	Current
Novell, Inc.	President	Former
Novell, Inc.	Chief Operating Officer	Former
Novell, Inc.	Executive Vice President ,Worldwide Sales and Field Operations	Former
Novell, Inc.	Various Executive, Sales and Information Management Positions	Former

Mr. Weinroth is a Managing Member of Hudson Capital Advisors, LLC, a private equity merchant banking firm, and a Managing Director and Board Member of Kline Hawkes & Co., a manager of private equity funds. From 1989 to 2003, he served as co-Chairman and head of the Investment Committee at First Britannia Mezzanine N.V., a European private investment firm. He is Chairman of the Board Emeritus of Core Laboratories, N.V. (NYSE), a global oil field service company where he was Chairman of the Board. He is Vice Chair of the Central Asian American Enterprise Fund and Chairman of the Board of The Joyce Theatre Foundation Inc., as well as a Trustee of the Horace Mann School. Mr. Weinroth has been a Director of the Company since 1982, and is a member of the Company's Audit and Compensation Committees.

Organization	Position	Status
Kline Hawkes & Co	Managing Director	Current
Horace Mann School	Trustee	Current
Central Asian American Enterprise Fund	Managing Member, Hudson Capital Advisors, Llc	Current
Cameronstationcondos	Board of Directors	Current
Central Asian American Enterprise Fund	Board of Directors	Current
Craftbuilt Homes, LLC	Board of Directors	Current
Parkwood Builders	Board of Directors	Current
Four Seasons At Saint Margarets	Board of Directors	Current
Greenway Farm	Board of Directors	Current
Kline Hawkes & Co	Board Member	Current
Horace Mann School	Board of Directors	Current
Sloop Cove Landing	Board of Directors	Current
Hovnanian Enterprises, Inc.	Director	Current
Westminster Homes, Ltd.	Board of Directors	Current
Matzel and Mumford	Board of Directors	Current
K. Hovnanian Companies, LLC	Board of Directors	Current
Forecast Homes	Board of Directors	Current
Highland Shores	Board of Directors	Current
Westminster Homes, Ltd.	Member	Current
K. Hovnanian Companies, LLC	Member	Current
Matzel and Mumford	Member	Current
Highland Shores	Member	Current
Forecast Homes	Member	Current
Hovnanian Enterprises, Inc.	Member	Current
Kline Hawkes & Co	advisor	Former
Hovnanian Enterprises, Inc.	Chairman	Former
Central Asian American Enterprise Fund	Vice Chair	Former
Financial Federal Corporation	Director	Former

Organization	Position	Status
Westminster Homes, Ltd.	Member	Current
Matzel and Mumford	Member	Current
K. Hovnanian Companies, LLC	Member	Current
Highland Shores	Member	Current
Hovnanian Enterprises, Inc.	Member	Current
Forecast Homes	Member	Current
Raytech Corporation	Chairman, Audit Committee	Current
Hovnanian Enterprises, Inc.	Board Director	Current
Highland Shores	Board of Directors	Current
Forecast Homes	Board of Directors	Current
Matzel and Mumford	Board of Directors	Current
Westminster Homes, Ltd.	Board of Directors	Current
K. Hovnanian Companies, LLC	Board of Directors	Current
Texas Petrochemicals LP	Board of Directors	Current
Kenneth Leventhal & Company	Executive Committee Partner	Former
Texas Petrochemicals LP	Audit Committee Chairman	Former
Kenneth Leventhal & Company	Board of Directors	Former
Raytech Corporation	Board of Directors	Former
The University of Texas	Graduate	Former

Executive News

K. Hovnanian Enterprises, Inc. Commences Cash Tender Offers for its Unsecured Senior...

Reuters - 6/22/09 - View Story
K. Hovnanian Enterprises, Inc. Commences Cash Tender Offers for its Unsecured Senior and Senior Subordinated Notes

PR Newswire - 6/22/09 - View Story

HOV $3.80 +0.10 (2.70% )

Intraday

3 Month

6 Month

1 Year

Average Volume	3,715,200
Shares Outstanding	62.65M
Market Cap	238.1M
Year High	5.75
Year Low	0.515
Earnings Per Share	-12.01
P/E Ratio	-0.32
Dividend	N/A
Yield	N/A

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