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Nobility Homes, Inc. - NOBH STOCK NEWS

Welcome to our dedicated news page for Nobility Homes (Ticker: NOBH), a resource for investors and traders seeking the latest updates and insights on Nobility Homes.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nobility Homes's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nobility Homes's position in the market.

Rhea-AI Summary
Nobility Homes, Inc. announces first quarter 2024 sales of $14.8 million, down from $17.1 million in 2023. The company's financial position remains strong with $27.4 million in cash and no debt. Stockholders' equity is $55.0 million, and a one-time cash dividend of $1.50 per share was declared for fiscal year 2023.
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Rhea-AI Summary
Nobility Homes, Inc. (NOBH) announced record sales for fiscal year 2023, with a 23% increase to $63.3 million compared to $51.5 million in fiscal year 2022. The company reported $14.7 million in sales for the fourth quarter of fiscal 2023, down from $16.2 million in the same period last fiscal year. The financial position remained strong with $24.6 million in cash and cash equivalents, $37.9 million in working capital, and no outstanding debt. However, the company's Annual Report on Form 10-K will be delayed due to ongoing financial audit procedures. Supply chain challenges and inflation in building products have impacted sales and increased material and labor costs. The company expects these challenges to continue throughout fiscal 2024 and beyond. The current demand for affordable manufactured housing in Florida and the U.S. is slowing, potentially due to the interest rate environment. Management believes that the company's experience in the Florida market and the increased need for affordable housing will be beneficial for future growth and success.
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Rhea-AI Summary
Nobility Homes, Inc. announced sales and earnings for Q3 2023. Sales increased 6% to $14.7 million compared to Q3 2022. Income from operations increased 39% to $3.1 million. Net income after taxes increased 41% to $2.7 million. For the first nine months of fiscal 2023, sales increased 38% to $48.6 million. Income from operations increased 106% to $10.7 million. Net income after taxes increased 91% to $8.6 million. The current demand for affordable manufactured housing in Florida is slowing. Shipments for the industry in Florida declined by approximately 15% from the same period last year.
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Nobility Homes, Inc.

OTC:NOBH

NOBH Rankings

NOBH Stock Data

115.24M
1.11M
65.94%
17.39%
0.53%
Manufactured Home (Mobile Home) Manufacturing
Manufacturing
Link
United States
Ocala

About NOBH

nobility homes inc is an individual and family services company based out of 2024 westbury ln, allen, texas, united states.