Webcast Hovnanian Enterprises, Inc. at UBS Building and Building Products Conference (Replay) 11/17/09 at 2:50 p.m. ET
Webcast Hovnanian Enterprises, Inc. at Citi Credit Conference (Replay) 11/18/09 at 2:30 p.m. ET
Company Profile
Founded in 1959, Hovnanian Enterprises, Inc., designs, constructs and markets a variety of for-sale housing in 198 residential communities in 18 states. Hovnanian ranks among the largest homebuilding companies in the U.S., with total revenues of $3.3 billion on 10,577 home deliveries in fiscal 2008.
The Company is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Kentucky, Maryland, Minnesota, New Jersey, New York, 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® , Matzel & Mumford, Brighton Homes, Parkwood Builders, Town & Country Homes, Oster Homes and CraftBuilt Homes.
Hovnanian's strategy is to achieve powers of scale and market concentration by establishing a large presence in each of its market... More >>
The Class A Common Stockholders of Hovnanian Enterprises, Inc. are eligible to participate in the Direct Registration System (DRS) through the Company’s transfer agent, Computershare. For more information on DRS click here.
Forward Looking Statements: All statements in this Website that are not historical facts should be considered as "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks, uncertainties and other factors include, but are not limited to, (1) changes in general and local economic and industry and business conditions, (2) adverse weather conditions and natural disasters, (3) changes in market conditions and seasonality of the Company’s business, (4) changes in home prices and sales activity in the markets where the Company builds homes, (5) government regulation, including regulations concerning development of land, the home building, sales and customer financing processes, and the environment, (6) fluctuations in interest rates and the availability of mortgage financing, (7) shortages in, and price fluctuations of, raw materials and labor, (8) the availability and cost of suitable land and improved lots, (9) levels of competition, (10) availability of financing to the Company, (11) utility shortages and outages or rate fluctuations, (12) levels of indebtedness and restrictions on the Company's operations and activities imposed by the agreements governing the Company's outstanding indebtedness, (13) operations through joint ventures with third parties, (14) product liability litigation and warranty claims, (15) successful identification and integration of acquisitions, (16) significant influence of the Company’s controlling stockholders, (17) geopolitical risks, terrorist acts and other acts of war and (18) other factors described in detail in the Company's Form 10-K for the year ended October 31, 2008 and in the Company’s Form 10-Q for the quarter ended July 31, 2009. All forward-looking statements involving earnings guidance or other financial or operating projections or estimates contained herein were provided on September 2, 2009. The risk that actual results will differ materially from expectations expressed in this presentation will increase with the passage of time. Where we have used non-GAAP financial measures, reconciliations to the most comparable GAAP measure are provided, along with a disclosure on the usefulness of the GAAP measure, in our most recent earnings release.
