Nobility Homes, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended August 05, 2023
September 15, 2023 at 04:04 pm EDT
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Nobility Homes, Inc. reported earnings results for the third quarter and nine months ended August 05, 2023. For the third quarter, the company reported sales was USD 14.65 million compared to USD 13.85 million a year ago. Net income was USD 2.67 million compared to USD 1.88 million a year ago. Basic earnings per share from continuing operations was USD 0.8 compared to USD 0.56 a year ago. Diluted earnings per share from continuing operations was USD 0.8 compared to USD 0.56 a year ago.
For the nine months, sales was USD 48.6 million compared to USD 35.3 million a year ago. Net income was USD 8.58 million compared to USD 4.5 million a year ago. Basic earnings per share from continuing operations was USD 2.56 compared to USD 1.3 a year ago. Diluted earnings per share from continuing operations was USD 2.56 compared to USD 1.3 a year ago.
Nobility Homes, Inc. designs, manufactures and sells a range of manufactured and modular homes through its own retail sales centers throughout Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. Its homes are available in approximately 100 active models sold under the trade names Kingswood, Richwood, Tropic Isle, Regency Manor, and Tropic Manor. The homes, ranging in size from 464 to 2,800 square feet and containing from one to five bedrooms, are available in: single-wide widths of 14 and 16 feet ranging from 35 to 72 feet in length; double-wide widths of 20, 24, 26, 28 and 32 feet ranging from 32 to 72 feet in length; triple-wide widths of 42 feet ranging from 60 to 72 feet in length; and quad unit with two sections 28 feet wide from 40 to 48 feet long and two sections 28 feet wide by 52 feet long. Its homes are sold primarily as unfurnished dwellings ready for permanent occupancy.
NOBILITY HOMES, INC. 
