Nobility Homes, Inc.

NOBH: 10-Q · periodic report

Nobility Homes reported fiscal Q3 2026 net income of $1,896,342, or $0.60 per share, up from $1,825,271, or $0.56 per share, a year earlier, as net sales edged up about 1% to $12,138,230 on stronger independent dealer volume and a higher average retail price of $177,939 per home. For the first nine months of fiscal 2026, net sales fell about 10% to $35,051,636 and net income declined about 13% to $5,284,095 ($1.66 per share), as homes sold through company-owned retail centers dropped to 137 from 195 and were partly replaced by lower-margin dealer sales that compressed gross margin to 30% from 32%. The Ocala, Florida manufacturer remains debt-free with $13.4 million in cash, $44.4 million of working capital, and no credit facility, and during the period paid a $1.50 per share dividend totaling $4,730,497 and repurchased 100,000 shares from its President for $2,970,000 at $29.70 per share. Management expects higher interest rates, inflation, tariffs, supply delays, and labor shortages to keep weighing on sales through fiscal 2026 and 2027, even as Florida manufactured housing industry shipments rose about 6% from November 2025 through July 2026.

SEC 10-Q•1mo ago

Nobility Homes, Inc. Announces Sales and Earnings For Its Third Quarter 2026

Nobility Homes posted Q3 fiscal 2026 sales of $12.1 million, slightly up from $12.0 million a year earlier, with net income of $1.9 million and EPS of $0.60 versus $0.56 last year. The nine-month trend is weaker: sales fell to $35.1 million from $39.0 million, operating income slipped to $6.0 million from $7.2 million, and EPS dropped to $1.66 from $1.87 as company retail stores sold fewer homes (137 vs 195) while lower-margin independent dealer volume rose (184 vs 129). The balance sheet remains a fortress with $25.8 million in cash, CDs and short-term investments, no outstanding debt, $44.4 million of working capital, and book value of $18.52 per share. Management expects higher interest rates, tariff-driven material inflation, supplier back orders, and labor shortages to keep pressuring results through fiscal 2026 and into 2027, even as Florida manufactured-housing industry shipments rose about 6% over the comparable period.

•1mo ago