Welcome to our dedicated page for Nobility Homes news (Ticker: NOBH), a resource for investors and traders seeking the latest updates and insights on Nobility Homes stock.
Nobility Homes, Inc. (OTCQX:NOBH) is a Florida-based manufacturer of affordable manufactured and modular homes, and its news flow centers on detailed financial and operational updates. The company regularly issues earnings press releases for each quarter and fiscal year, reporting net sales, income from operations, net income, earnings per share, working capital, stockholders’ equity and book value per share. These releases also highlight that Nobility has maintained a strong financial position with cash, cash equivalents, certificates of deposit and short-term investments, and no outstanding debt across multiple periods.
Readers following NOBH news will see management’s commentary on trends in the manufactured housing industry, especially in Florida. The company frequently cites data from the Florida Manufactured Housing Association, noting changes in shipments for the industry and linking them to broader conditions such as higher interest rates on mortgages, increased costs associated with mortgages, and affordability challenges for typical retail customers. Nobility’s updates also describe shifts in the mix between homes sold through company-owned retail sales centers and homes sold to independent dealers, and how this mix affects margins.
News releases discuss operational issues such as delays in receiving key production materials, back orders, tariffs, price increases, labor shortages and inflation in building products, all of which influence the timing of home completions and set-ups in the field. In addition, Nobility reports on Board decisions regarding one-time cash dividends and share repurchase authorizations, as well as SEC filings related to changes in its independent auditors. Investors and observers can use the NOBH news feed to monitor the company’s quarterly performance, capital allocation decisions and management’s view of demand for affordable manufactured housing in Florida and the U.S.
Nobility Homes (OTCQX:NOBH) reported fiscal 2025 sales of $52.7M (up 1% vs. 2024) and operating income of $10.0M (up 4.8%). Fiscal 2025 net income was $8.4M vs. $8.6M prior year and diluted EPS was $2.58 vs. $2.63.
Fourth-quarter 2025 results showed sales of $13.6M (up 15% YoY), operating income of $2.8M (up 38%), net income of $2.3M and diluted EPS of $0.72 vs. $0.63. The company ended FY2025 with $26.9M in cash/certs/short-term investments, no debt, working capital of $46.7M, current ratio 8.2:1, stockholders' equity $60.7M and book value per share $20.66. Management flagged supply delays, inflationary input costs and weaker demand into FY2026.
Nobility Homes (OTCQX:NOBH) reported its third quarter 2025 financial results, showing a decline in performance. Q3 sales decreased to $12.0 million from $13.8 million in Q3 2024, while net income fell to $1.8 million ($0.56 per share) from $2.2 million ($0.67 per share).
The company maintains a strong financial position with $27.1 million in cash and investments, zero debt, and working capital of $44.8 million. The Board authorized a buyback of up to 200,000 shares for fiscal 2026. Management attributes the sales decline to delayed purchasing decisions due to higher interest rates, economic uncertainty, and supply chain challenges. Florida's manufactured housing shipments declined 12% year-over-year.
Nobility Homes (OTCQX:NOBH) reported its Q1 2025 financial results, showing a decline in performance. Sales decreased to $12.2 million from $14.8 million in Q1 2024. Net income fell to $2.0 million ($0.61 per share) from $2.3 million ($0.72 per share) year-over-year.
The company maintains a strong financial position with $29.6 million in cash and investments, zero debt, and working capital of $44.8 million. The Board declared a one-time cash dividend of $1.25 per share, payable April 14, 2025.
Management attributes the sales decline to higher mortgage interest rates affecting customer purchasing decisions, along with ongoing challenges including supplier delays, material shortages, and labor issues. Florida's manufactured housing industry shipments declined approximately 15% from November 2024 through January 2025 compared to the previous year.
Nobility Homes (OTCQX:NOBH) reported its fiscal year 2024 results with sales of $51.9 million, down from $63.3 million in 2023. Net income decreased to $8.6 million from $10.9 million, with diluted EPS of $2.63 compared to $3.27 last year.
The company maintains a strong financial position with $27.2 million in cash and investments, zero debt, and working capital of $43.0 million. However, sales declined due to decreased retail homes sold and a shift toward lower-priced homes amid higher mortgage rates. Supply chain issues, labor shortages, and inflation continue to impact operations.
The Florida manufactured housing market saw an approximately 3% decline in shipments from November 2023 through October 2024 compared to the previous year. The company's book value per share increased to $17.31, with stockholders' equity at $56.6 million.
Nobility Homes (OTCQX:NOBH) reported its Q3 2024 financial results. Sales decreased to $13.8 million from $14.7 million in Q3 2023. Net income fell to $2.2 million ($0.67 per diluted share) from $2.7 million ($0.80 per share) last year. For the first nine months of 2024, sales were $40.1 million, down from $48.6 million in 2023. Net income decreased to $6.5 million ($2.00 per diluted share) from $8.6 million ($2.56 per share).
The company maintains a strong financial position with $26.5 million in cash and investments and no debt. Challenges include decreased retail home sales, production of lower-priced homes due to higher mortgage rates, supply chain issues, and labor shortages. These factors are expected to impact performance through 2024 and potentially into 2025.
Nobility Homes (OTCQX:NOBH) reported its financial results for Q2 2024, ending May 4, 2024. Sales were $11.5 million, down from $16.8 million in Q2 2023. Operating income stood at $2.3 million, a decline from $3.7 million in the same quarter last year. Net income after taxes was $2.0 million, compared to $2.9 million in Q2 2023. Diluted earnings per share were $0.62, down from $0.85 last year.
For the first six months of 2024, sales were $26.3 million versus $33.9 million in the previous year. Operating income was $5.0 million, down from $7.6 million, and net income was $4.4 million versus $5.9 million last year. Diluted earnings per share were $1.33, compared to $1.75 last year.
The company's financial position remains strong with $23.5 million in cash and no debt. Working capital is $38.7 million, and stockholders' equity is $52.3 million. The book value per share stands at $15.99. President Terry Trexler attributed declines to higher interest rates, material and labor shortages, and inflation in building products. The company anticipates these challenges to persist throughout the second half of 2024.
On June 6, 2024, Nobility Homes (OTCQX:NOBH) reported its first quarter 2024 financial results. Sales dropped to $14.8 million from $17.1 million in Q1 2023, while income from operations fell to $2.7 million, compared to $3.8 million in the prior year. Net income after taxes was $2.3 million, down from $3.0 million the previous year, and diluted earnings per share decreased to $0.71 from $0.91.
Despite these declines, Nobility Homes maintains strong financial health with $27.4 million in cash and investments, no debt, working capital of $41.6 million, and a current ratio of 5.2:1. Stockholders' equity stands at $55 million, with a book value per share of $16.85. Challenges cited include high mortgage interest rates, material shortages, and labor constraints, which have delayed home production and setup.
The company remains optimistic about long-term growth prospects in the affordable housing market in Florida and the U.S., despite current headwinds.
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