Nobility Homes Stock Price, News & Analysis

Nobility Homes, Inc. (OTCQX:NOBH) reported strong financial performance for the fiscal year ended November 5, 2022. Sales rose 14% to $51.5 million, with income from operations increasing 37% to $8.4 million. Net income climbed 34% to $7.2 million, resulting in diluted earnings per share of $2.10, up from $1.50. In Q4, sales surged 71% to $16.2 million, and net income jumped 76% to $2.7 million. Nobility maintains a strong financial position with cash and investments of $21.1 million and no debt, reflecting a current ratio of 3.3:1.

Nobility Homes (OTCQX:NOBH) reported strong financial results for Q3 2022, with sales increasing by 18% to $13.8 million compared to $11.8 million in Q3 2021. Income from operations rose to $2.2 million, up from $1.2 million the previous year. Net income after taxes was $1.9 million versus $1.0 million last year, resulting in diluted earnings per share of $0.56, compared to $0.29. However, supply chain issues are impacting production and delivery timelines, which may affect future sales.

Nobility Homes, Inc. (OTCQX:NOBH) reported a decline in sales for Q2 2022, generating $10.6 million compared to $14.7 million in Q2 2021. Income from operations fell to $1.6 million from $2.1 million, with net income after taxes at $1.5 million versus $1.7 million last year. Diluted earnings per share decreased to $0.42 from $0.47. For the first half of 2022, sales reached $21.5 million, down from $23.8 million in 2021. The company maintains a strong financial position with $27.1 million in cash and no debt. Challenges from supply chain issues are impacting operations.

Nobility Homes, Inc. (OTCQX:NOBH) reported a 19% increase in first-quarter sales for 2022, reaching $10.8 million, up from $9.1 million in the same period of 2021. Operating income also rose slightly to $1.3 million, while net income climbed to $1.2 million. Diluted earnings per share improved to $0.33, compared to $0.29 last year. With cash and equivalents at $39.6 million and no debt, Nobility declared a one-time cash dividend of $1.00 per share, payable on April 4, 2022. However, challenges include production material shortages and inflation, impacting gross profits.

Nobility Homes reported an 8% increase in fiscal year 2021 sales, reaching $45.0 million, while net income fell to $5.4 million from $6.0 million in 2020. Diluted earnings per share dropped to $1.50 from $1.64. The fourth quarter saw sales decrease to $9.5 million, with net income at $1.6 million compared to $1.9 million the previous year. Despite challenges in production and supply chain disruptions due to COVID-19, the company maintains a strong financial position with $38.8 million in cash and no debt, indicating potential for future growth.

Nobility Homes (OTCQX: NOBH) reported an 8% increase in sales for the fiscal year 2021, totaling $45.0 million, up from $41.6 million in 2020. However, operating income declined to $6.1 million from $7.1 million, and net income fell to $5.4 million from $6.0 million. Diluted earnings per share decreased to $1.50 compared to $1.64 the previous year. The fourth quarter saw a significant drop in sales to $9.5 million from $13.2 million, amidst challenges in production and supply chain disruptions due to COVID-19.

Nobility Homes, Inc. (OTCQX:NOBH) reported a 34% increase in sales for Q3 2021, totaling $11,778,120, compared to $8,800,410 in Q3 2020. However, income from operations decreased to $1,192,288 from $1,331,060 year-over-year. Net income also declined to $1,050,746 from $1,160,138. For the first nine months, sales rose 25% to $35,592,531, but income from operations fell to $4,478,526. The company maintains a strong financial position with $36,373,258 in cash and no debt, while overcoming challenges in production due to labor and material shortages.

Nobility Homes (OTCQX:NOBH) reported a robust second quarter for 2021, with sales increasing by 45% to $14,742,900, up from $10,202,502 in 2020. Income from operations reached $2,062,172, and net income climbed to $1,724,938. For the first six months, sales rose 21% to $23,814,411. However, gross profits were negatively impacted by ongoing supply challenges and inflation in building materials. Despite these challenges, the company maintains a strong financial position with $35,879,342 in cash and no debt.

Nobility Homes, Inc. (OTCQX:NOBH) reported a first quarter revenue of $9,071,511, down from $9,443,852 in the same period last year. Net income also declined to $1,065,765 compared to $1,400,141 previously, with diluted EPS at $0.29, down from $0.38. Despite these declines, the company maintains a strong financial position with cash equivalents at $36,484,550 and no debt. A one-time cash dividend of $1.00 per share is set for March 26, 2021. Management cites COVID-19-related challenges impacting demand and rising costs due to inflation.