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. (NOBH) provides investors and industry observers with centralized access to official company announcements and market-relevant developments. This resource aggregates press releases, financial disclosures, and operational updates from the manufacturer of quality affordable housing solutions.
Visitors will find timely information on earnings reports, manufacturing innovations, retail expansions, and strategic initiatives within the manufactured housing sector. The curated collection serves as a reliable reference for tracking NOBH's responses to industry challenges including material cost trends, regulatory changes, and housing demand fluctuations.
Content categories include quarterly financial results, production facility updates, leadership changes, and partnership announcements. All materials maintain factual accuracy while avoiding speculative commentary, adhering to financial disclosure standards.
Bookmark this page for streamlined access to NOBH's evolving story in the affordable housing market. Combine these primary sources with broader market context for informed analysis of the company's position in this essential industry.
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.
Nobility Homes, Inc. (OTCQX:NOBH) reported a strong first quarter for 2023, with sales rising 59% to $17.2 million compared to $10.8 million in Q1 2022. Income from operations surged 192% to $3.8 million, while net income increased 164% to $3.1 million. Diluted earnings per share improved to $0.91 from $0.33. The company maintains a robust financial position with cash and equivalents of $24.3 million and no debt. A one-time cash dividend of $1.00 per share will be distributed to shareholders on April 3, 2023. However, challenges such as supply chain issues and rising interest rates could impact future growth.
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