| Business Summary | | Hovnanian
Enterprises,
Inc.
designs,
constructs
and
markets
single-family
detached
homes,
and
attached
condominium
apartments
and
townhouses
in
planned
residential
developments
in
the
northeast
(primarily
in
New
Jersey,
southern
New
York
state,
and
eastern
Pennsylvania),
North
Carolina,
southeastern
Florida,
Metro
D.C.
(northern
Virginia
and
Maryland),
southern
California,
Texas
and
Poland.
The
Company
markets
its
homes
to
first-time
buyers,
first-
and
second-time
move-up
buyers,
luxury
buyers,
active
adult
buyers
and
empty
nesters.
The
Company
is
currently
offering
homes
for
sale
in
120
communities.
In
addition,
the
Company
provides
financial
services
(mortgage
loans
and
title
insurance)
to
its
homebuilding
customers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | HOV
designs,
constructs
and
markets
multi-family
attached
condominium
apartments
and
townhouses,
and
single
family
detached
homes
in
planned
residential
developments.
For
the
six
months
ended
4/01,
revenues
rose
40%
to
$697
million.
Net
income
totalled
$21
million,
up
from
$6.9
million.
Revenues
reflect
an
increase
in
sales
of
homes,
land
sales
and
mortgage
loan
amounts.
Earnings
also
reflect
improved
gross
profit
margins
and
decreased
financial
services
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Kevork Hovnanian, 77 Chairman | $2.1M | Ara Hovnanian, 43 Pres,
CEO, Director | 2.2M | J. Larry Sorsby, 45 CFO,
Exec. VP, Director | 547K | Geaton DeCesaris, Jr., 45 COO,
Director | -- | Paul Buchanan, 50 Sr.
VP, Corp. Controller, Director | -- | Dollar amounts are as of 31-Oct-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|