Hovnanian enterprises reports fiscal 2023 fourth quarter and full year results

$121 million of quarterly pretax income best in more than 16 years net contracts per community increased 66% year-over-year book value rose 80% year-over-year to $73 per share refinanced over $600 million of secured debt, extending maturities until the fourth quarters of 2028 and 2029, including $114 million of bond redemptions that occurred after the quarter end total liquidity climbed to $564 million, the highest in more than 14 years provided guidance for a significant year-over-year profit increase in the first quarter
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