Hovnanian Enterprises (NYSE:HOV) reported fiscal 2026 third-quarter revenue of $706 million, slightly above the midpoint of its prior guidance range, as the homebuilder navigated a housing market marked by elevated mortgage rates, incentives and cautious consumer behavior. Adjusted gross margin was 14.6%, also above the midpoint of guidance, while adjusted EBITDA totaled $32 million. The [...]
Hovnanian Enterprises (NYSE:HOV) reported fiscal 2026 third-quarter revenue of $706 million, slightly above the midpoint of its prior guidance range, as the homebuilder navigated a housing market marked by elevated mortgage rates, incentives and cautious consumer behavior. Adjusted gross margin was 14.6%, also above the midpoint of guidance, while adjusted EBITDA totaled $32 million. The [...]This article was originally published by Bbns.
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