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Note 21 - Transactions With Related Parties | 9 Months Ended
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Jul. 31, 2025
Transactions with Related Parties |
Transactions with Related Parties |
21. | Transactions with Related Parties
From time to time, an engineering firm owned by Tavit Najarian, a relative of Ara K. Hovnanian, our Chairman and Chief Executive Officer, provides services to the Company. During the three months ended July 31, 2025 and 2024, the services provided by such engineering firm to the Company totaled $0.1 million and $0.3 million, respectively. During the nine months ended July 31, 2025 and 2024, the services provided by such engineering firm to the Company totaled $0.5 million and $0.9 million, respectively. Neither the Company nor Mr. Hovnanian has a financial interest in the relative’s company from whom the services were provided.

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