Hovnanian (HOV) Q3 2025 Earnings Call Transcript

Thu, Aug 21, 2025, 11:19 AM 32 min read

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Thursday, Aug. 21, 2025 at 11:00 a.m. ET

Chairman, President, and Chief Executive Officer — Ara Hovnanian

Chief Financial Officer — Brad O'Connor

Vice President, Corporate Controller — David Mitrisin

Vice President, Finance and Treasurer — Paul Everly

Investor Relations — Jeff O'Keefe

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Jeff O'Keefe: Thank you, Michelle, and thank you all for participating in this morning's call to review the results for our third quarter. All statements in this conference call that are not historical facts should be considered as forward-looking statements within the meaning of the Safe Harbor provisions 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 forward-looking statements include, but are not limited to, statements related to the company's goals and expectations with respect to its financial results for future financial periods. Although we believe that our plans, intentions, and expectations reflected and are suggested by such forward-looking statements are reasonable, we can give no assurance that such plans, intentions, or expectations will be achieved. By their nature, forward-looking statements speak only as of the date they are made, are not guarantees of future performance or results, and are subject to risks, uncertainties, and assumptions that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from those forward-looking statements as a result of a variety of factors.

Such risks, uncertainties, and other factors are described in detail in the sections entitled risk factors in management's discussion and analysis, particularly the portion of MD&A entitled safe harbor statement in our annual report on Form 10-K for the fiscal year ended 10/31/2024 and subsequent filings with the Securities and Exchange Commission. Except as otherwise required by applicable security laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or change of circumstances, or any other reason.

Joining me today on the call are Ara Hovnanian, chairman and president and CEO; Brad O'Connor, chief financial officer; David Mitrisin, vice president corporate controller; and Paul Everly, vice president finance and treasurer. Ara, you can go ahead.