NOBILITY HOMES INC (NOBH) Form 10-Q — Jun 16, 2026
Nobility Homes reported fiscal 2026 second quarter net sales of $12.4 million, a decrease from $14.8 million in the prior year period, with net income falling to $1.8 million from $2.3 million. For the six months ended May 2, 2026, net sales were $22.9 million compared to $27.0 million in the prior year, while net income declined to $3.4 million from $4.3 million. The decline in sales is attributed to fewer homes sold through company-owned retail centers, partially offset by increased sales to independent dealers which carry lower margins. Management cited higher interest rates and economic uncertainty as factors delaying customer purchasing decisions.
Key figures
- Eps
- 1.06
- Revenue
- 22913406
- Net Income
- 3387753
- Total Debt
- 0
- Revenue Yoy
- -15.2%
- Total Assets
- 63619264
- Shares Outstanding
- 3153665
AI analysis
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