Nobility Homes, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended November 3, 2018
January 04, 2019 at 10:12 am EST
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Nobility Homes, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended November 3, 2018. For the quarter, the company reported net sales of USD 12,796,547 against USD 10,017,216 a year ago. Operating income was USD 1,978,330 against USD 1,087,936 a year ago. Income before provision for income taxes was USD 2,165,983 against USD 1,381,972 a year ago. Net income was USD 1,563,708 against USD 829,268 a year ago. Basic and diluted earnings per share were USD 0.40 against USD 0.21 a year ago.
For the year, the company reported net sales of USD 42,812,265 against USD 37,543,071 a year ago. Operating income was USD 5,722,826 against USD 4,355,874 a year ago. Income before provision for income taxes was USD 6,605,463 against USD 5,168,250 a year ago. Net income was USD 4,941,807 against USD 3,309,983 a year ago. Basic and diluted earnings per share were USD 1.27 against USD 0.83 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. It offers 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. 
