Nobility Homes, Inc. Announces Sales And Earnings For Its Third Quarter 2025

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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.

Positive

• Strong financial position with $27.1 million in cash and investments and zero debt
• Healthy working capital of $44.8 million with 7.5:1 current ratio
• Board authorized share buyback of 200,000 shares
• Book value per share increased to $20.08

Negative

• Q3 sales decreased 13% to $12.0 million from $13.8 million year-over-year
• Net income declined 16.4% to $1.8 million from $2.2 million in Q3
• Diluted EPS dropped to $0.56 from $0.67 year-over-year
• Florida manufactured housing shipments declined 12%
• Ongoing supply chain issues and inflation affecting material and labor costs

OCALA, FL / ACCESS Newswire / September 12, 2025 / Today Nobility Homes, Inc. (OTCQX:NOBH) announced sales and earnings for its third quarter ended August 2, 2025. Sales for the third quarter of 2025 were $12.0 million compared to $13.8 million recorded in the third quarter of 2024. Income from operations for the third quarter of 2025 was $2.2 million versus $2.6 million in the same period a year ago. Net income after taxes was $1.8 million as compared to $2.2 million for the same period last year. Diluted earnings were $0.56 per share compared to $0.67 per share last year.

Sales for the first nine months of fiscal 2025 were $39.0 million as compared to $40.0 million for the nine months of 2024. Income from operations for the nine months of 2025 was $7.2 million versus $7.5 in the same period last year. Net income after taxes was $6.1 million versus last year's results of $6.5 million. Diluted earnings were $1.86 per share compared to $2.00 per share last year.

Nobility's financial position during the third quarter of 2025 remains strong with cash and cash equivalents, certificates of deposit and short-term investments of $27.1 million and no outstanding debt. Working capital is $44.8 million and our ratio of current assets to current liabilities is 7.5:1. Stockholders' equity is $58.7 million and the book value per share of common stock increased to $20.08.

The Board of Directors on September 5, 2025 authorized the Company to purchase up to two hundred thousand shares of its common stock in the open market for fiscal year 2026.

Terry Trexler, President, stated, "Total net sales decreased during the first nine months of 2025 as compared to same period in 2024 due to a decrease in the number of new retail homes sold in our company owned retail sales centers during the first nine months of fiscal 2025 as compared to 2024 partially offset by an increase in the number of homes sold to independent dealers during 2025, which have lower margins than retail sales.

We believe that potential customers have delayed or deferred purchasing decisions when considering the higher interest rate environment and the uncertainty of the economy, which continue to negatively impact sales. There also remain delays in the receipt of certain key production materials from suppliers, as well as back orders, price increases, tariffs, and labor shortages which continue to cause delays in the completion of the homes at our manufacturing facility. We also continue to experience inflation in several building products resulting in increases in our material and labor costs. We expect these challenges will continue throughout fiscal year 2025 and into fiscal 2026.

The current demand for affordable manufactured housing in Florida and the U.S. has slowed. According to the Florida Manufactured Housing Association, shipments for the industry in Florida for the period from November 2024 through July 2025 declined by approximately 12% from the same period last year.

Maintaining our strong financial position is vital for future growth and success. Our many years of experience in the Florida market, combined with home buyers' increased need for more affordable housing, should serve the Company well in the coming years. Management remains convinced that our specific geographic market is one of the best long-term growth areas in the country."

On June 5, 2025, we celebrated our 58th anniversary in business specializing in the design and production of quality, affordable manufactured and modular homes. With multiple retail sales centers in Florida for over 35 years and an insurance agency subsidiary, we are the only vertically integrated manufactured home company headquartered in Florida.

MANAGEMENT WILL NOT HOLD A CONFERENCE CALL. IF YOU HAVE ANY QUESTIONS, PLEASE CALL TERRY OR TOM TREXLER @ 800-476-6624 EXT 121 OR TERRY@NOBILITYHOMES.COM OR TOM@NOBILITYHOMES.COM

Certain statements in this report are unaudited or forward-looking statements within the meaning of the federal securities laws. Although Nobility believes that the amounts and expectations reflected in such forward-looking statements are based on reasonable assumptions, there are risks and uncertainties that may cause actual results to differ materially from expectations. These risks and uncertainties include, but are not limited to, the potential adverse impact on our business caused by competitive pricing pressures at both the wholesale and retail levels, inflation, tariffs, increasing material costs (including forest based products) or availability of materials due to supply chain interruptions (such as current inflation with forest products and supply issues with vinyl siding and PVC piping), changes in market demand, increase in interest rates, availability of financing for retail and wholesale purchasers, consumer confidence, adverse weather conditions that reduce sales at retail centers, the risk of manufacturing plant shutdowns due to storms or other factors, the impact of marketing and cost-management programs, the impact of higher interest rates on mortgage financing, reliance on the Florida economy, impact of labor shortage, impact of materials shortage, increasing labor cost, cyclical nature of the manufactured housing industry, impact of rising fuel costs, catastrophic events impacting insurance costs, availability of insurance coverage for various risks to Nobility, market demographics, management's ability to attract and retain executive officers and key personnel, increased global tensions, market disruptions resulting from terrorist attacks, or other events such as a pandemic, any armed conflict involving the United States and the impact of inflation.

NOBILITY HOMES, INC.
Condensed Consolidated Balance Sheets
		August 2,				November 2,
		2025				2024
		(Unaudited)
Assets
Current assets:
Cash and cash equivalents		$	14,362,469			$	13,521,296
Certificates of deposit			12,174,266				13,021,839
Short-term investments			564,681				680,017
Accounts receivable - trade			2,767,428				2,935,517
Mortgage notes receivable			4,176				4,505
Income tax receivable			-				-
Inventories			19,812,206				21,039,344
Prepaid expenses and other current assets			2,037,995				1,727,034
Total current assets			51,723,221				52,929,552
Property, plant and equipment, net			8,328,074				8,280,695
Mortgage notes receivable, less current portion			141,597				141,728
Other investments			536,524				463,633
Property held for resale			26,590				26,590
Deferred income taxes			42,867				60,628
Cash surrender value of life insurance			4,692,813				4,539,813
Other assets			156,287				156,287
Total assets		$	65,647,973			$	66,598,926
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable		$	455,367			$	753,317
Accrued compensation			744,844				800,013
Accrued expenses and other current liabilities			1,497,054				1,826,042
Income taxes payable			624,784				692,303
Customer deposits			3,601,403				5,930,728
Total current liabilities			6,923,452				10,002,403
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.10 par value, 500,000 shares
authorized; none issued and outstanding			-				-
Common stock, $.10 par value, 10,000,000
shares authorized; 5,364,907 shares issued;
3,268,998 and 3,268,829 shares outstanding			536,491				536,491
Additional paid in capital			11,254,519				11,140,687
Retained earnings			76,689,549				74,677,783
Less treasury stock at cost, 2,095,909 and
2,096,078 shares, respectively			(29,756,038	)			(29,758,438	)
Total stockholders' equity			58,724,521				56,596,523
Total liabilities and stockholders' equity		$	65,647,973			$	66,598,926

NOBILITY HOMES, INC.
Condensed Consolidated Statements of Income
(Unaudited)
		Three Months Ended								Nine Months Ended
		August 2,				August 3,				August 2,				August 3,
		2025				2024				2025				2024
Net sales		$	12,021,194			$	13,803,340			$	39,020,273			$	40,099,316
Cost of sales			(8,173,008	)			(9,196,740	)			(26,569,886	)			(26,589,976	)
Gross profit			3,848,186				4,606,600				12,450,387				13,509,340
Selling, general and administrative expenses			(1,670,585	)			(2,032,973	)			(5,236,432	)			(5,976,683	)
Operating income			2,177,601				2,573,627				7,213,955				7,532,657
Other income (expense)
Interest income			270,139				318,253				853,735				836,113
Undistributed earnings in joint venture - Majestic 21			25,624				24,914				72,893				67,623
Proceeds received under escrow arrangement			36,094				47,339				116,312				147,155
(Decrease) increase in fair value of equity investment			(16,316	)			(11,214	)			(115,336	)			90,329
Gain on disposal of property, plant and equipment			-				3,000				1,000				3,000
Miscellaneous			(25	)			(28,706	)			25,697				96,422
Total other income			315,516				353,586				954,301				1,240,642
Income before provision for income taxes			2,493,117				2,927,213				8,168,256				8,773,299
Income tax expense			(667,846	)			(741,901	)			(2,070,243	)			(2,223,591	)
Net income		$	1,825,271			$	2,185,312			$	6,098,013			$	6,549,708
Weighted average number of shares outstanding:
Basic			3,268,998				3,268,829				3,268,939				3,268,829
Diluted			3,274,456				3,277,856				3,276,061				3,278,742
Net income per share:
Basic		$	0.56			$	0.67			$	1.87			$	2.00
Diluted		$	0.56			$	0.67			$	1.86			$	2.00

SOURCE: Nobility Homes, Inc.

View the original press release on ACCESS Newswire

FAQ

What were Nobility Homes (NOBH) earnings for Q3 2025?

Nobility Homes reported Q3 2025 net income of $1.8 million ($0.56 per share), down from $2.2 million ($0.67 per share) in Q3 2024. Sales were $12.0 million, compared to $13.8 million in the same period last year.

How much cash does Nobility Homes (NOBH) have in Q3 2025?

Nobility Homes maintains $27.1 million in cash, cash equivalents, certificates of deposit, and short-term investments, with no outstanding debt.

What is Nobility Homes' (NOBH) new share buyback program?

On September 5, 2025, Nobility's Board authorized the purchase of up to 200,000 shares of its common stock in the open market for fiscal year 2026.

Why did Nobility Homes' (NOBH) sales decline in Q3 2025?

Sales declined due to higher interest rates, economic uncertainty, supply chain challenges, and decreased retail home sales. Florida's manufactured housing shipments fell 12% year-over-year.

What is Nobility Homes' (NOBH) current book value per share?

Nobility Homes' book value per share increased to $20.08, with total stockholders' equity of $58.7 million.