Hovnanian Enterprises, Inc. (HOV) Q4 2024 Earnings Call Transcript Summary
Hovnanian Enterprises, Inc. (HOV) Q4 2024 Earnings Call Transcript Summary
For Q4 2024, total revenues increased by 9% year-over-year to just over $3 billion, with a gross margin of 22%.The following is a summary of the Hovnanian Enterprises, Inc. (HOV) Q4 2024 Earnings Call Transcript:
以下是霍夫納尼安企業公司（HOV）2024財年第四季度業績會會議記錄的摘要：
Financial Performance:
財務表現：
Hovnanian Enterprises reported adjusted EBITDA of $456 million for the fiscal year 2024, above the high end of the guidance range.
Adjusted pretax income reached $327 million, also above the high end of the guidance.
For Q4 2024, total revenues increased by 9% year-over-year to just over $3 billion, with a gross margin of 22%.
However, fourth quarter results showed a decrease in adjusted EBITDA to $159 million and adjusted pretax profits to $126 million due to challenges such as hurricanes.
霍夫納尼安企業報告2024財年的調整後息稅折舊攤銷前利潤（EBITDA）爲45600萬美元，高於指導區間的高端。
調整後的稅前收入達到32700萬美元，同樣高於指導的高端。
在2024財年第四季度，總收入同比增長9%，超過30億美元，毛利率爲22%。
然而，第四季度的結果顯示，由於颶風等挑戰，調整後的EBITDA下降至15900萬美元，調整後的稅前利潤下降至12600萬美元。
Business Progress:
業務進展：
The company ended the year with 48% growth in contracts and expects continued demand. Furthermore, they remain committed to increasing community counts and lot supplies, aiming for delivery growth annually above 10% over the next few years.
Significant investment in land and land development is highlighted by the record $318 million spent in Q4, reflecting a strategic shift toward growth.
公司以48%的合同增長結束了這一年，並預計需求將持續。此外，他們仍致力於增加社區數量和地塊供應，目標是在未來幾年每年實現超過10%的交付增長。
在第四季度，31800萬的創紀錄投資強調了對土地和土地開發的重大投資，反映了向增長的戰略轉變。
Opportunities:
機會：
High housing demand and the focus on quick move-in ready homes (QMIs) offer potential growth as they aid in maintaining sales pace despite market fluctuations and high mortgage rates.
The company plans aggressive growth in community and lot counts, capitalizing on robust housing market fundamentals and demographic trends.
高住房需求和對快速可入住住宅（QMIs）的關注爲潛在增長提供了機會，因爲它們有助於在市場波動和高抵押貸款利率的情況下保持銷售節奏。
公司計劃在社區和地塊數量上實現積極增長，利用強勁的住房市場基本面和人口趨勢。
Risks:
風險：
Lower gross margins anticipated due to continued use of mortgage rate buydowns to attract buyers amidst high mortgage rates.
Increased incentives and focus on sales pace over price may compress future margins, accentuated by a risk of economic fluctuations impacting costs and buyer affordability.
由於繼續使用抵押貸款利率採購來吸引買家，預計將出現更低的毛利率，儘管抵押貸款利率處於高位。
增加的激勵措施和對銷售節奏而非價格的關注，可能會壓縮未來的毛利率，並加強經濟波動對成本和買家可負擔能力的影響風險。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
