NOBILITY HOMES (NOBH) Company Report

Nobility Homes, Inc. reported Q3 2025 sales of $12.0 million and diluted earnings per share of $0.56, a decrease from $13.8 million and $0.67, respectively, in the third quarter of 2024.
For the first nine months of fiscal 2025, sales were $39.0 million and diluted earnings per share were $1.86, compared to $40.0 million and $2.00 in the same period of 2024.
As of August 2, 2025, the company maintained a strong financial position with $27.1 million in cash and cash equivalents, certificates of deposit, and short-term investments, and no outstanding debt.
The Board of Directors authorized the purchase of up to two hundred thousand shares of its common stock in the open market for fiscal year 2026.
The decrease in sales is attributed to a decline in new retail home sales, higher interest rates, economic uncertainty, supply chain issues, and inflation, with Florida industry shipments of manufactured housing declining by approximately 12% from November 2024 through July 2025.

Sep 12, 2025, 8:51 PM

Nobility Homes announces Q2 2025 sales and earnings

NOBH

Earnings

Demand Weakening

Q2 sales rose 28% to $14.8 million year-over-year, driven by increased wholesale home deliveries.
Q2 operating income was $2.7 million vs. $2.3 million a year ago; net income reached $2.3 million and diluted EPS was $0.70, up from $0.62.
First-half sales grew 3% to $27.0 million; H1 operating income was $5.0 million vs. $4.96 million last year, with EPS of $1.30 vs. $1.33.
Balance sheet remains strong with $26.4 million in cash, no debt, $43.0 million working capital (6.0:1 current ratio), and book value per share of $20.05.
Management warns of ongoing headwinds from higher interest rates, supply-chain delays, and material cost inflation weighing on production and retail demand.