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Nobility Homes, Inc. (NOBH) is a vertically integrated company specializing in the design, manufacture, and sale of manufactured and modular homes. Operating primarily in Florida, the company has been in business for over 57 years and serves customers through its retail sales centers, independent dealers, and manufactured home parks. Nobility also provides ancillary services such as insurance and financing to complement its housing products.
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Manufactured Housing - Designs, manufactures, and sells affordable manufactured and modular homes through company-owned retail sales centers, independent dealers, and manufactured home parks.
- Retail Sales - Operates 10 retail sales centers across Florida, offering new and pre-owned homes.
- Wholesale Sales - Supplies homes to independent dealers.
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Insurance and Financing - Operates as an independent insurance agency and licensed mortgage loan originator, generating revenue from commissions on new and renewal insurance policies.
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Joint Ventures - Holds a 50% ownership in Majestic 21, a partnership with 21st Mortgage Corporation, providing financing solutions for homebuyers.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Terry E. Trexler ExecutiveBoard | Chairman of the Board and President | President of TLT, Inc. | Terry E. Trexler has served as Chairman of the Board and President of Nobility Homes since 1967 and has been the company’s Chief Executive Officer for over five years. He is a veteran of the manufactured and modular home industry and also serves as President of TLT, Inc.. | View Report → |
Lynn J. Cramer Executive | Treasurer | Lynn J. Cramer, Jr. has served as Treasurer at Nobility Homes, Inc. since 1980. He also serves as the Principal Accounting Officer, and his extensive experience over more than 45 years has been pivotal in maintaining the company’s financial integrity. | ||
Thomas W. Trexler Executive | Executive Vice President and Chief Financial Officer | Thomas W. Trexler has been serving as the Executive Vice President and Chief Financial Officer at Nobility Homes since December 1994, demonstrating extensive expertise in financial management and the manufactured home industry. He has also held leadership roles at Prestige Home Centers, Inc., Mountain Financial, Inc., and TLT, Inc., underscoring his broad experience within the sector. | ||
Arthur L. Havener Board | Director | Principal of Stampede Capital LLC | Arthur L. Havener, Jr. has been a Director at Nobility Homes (NOBH) since 2019 and is recognized for his expertise in corporate governance and real estate advisory. He is also the Principal of Stampede Capital LLC since 2007. | |
Robert P. Saltsman Board | Director | Attorney in private practice since 1983 | Robert P. Saltsman has served as a Director at NOBH since 1988. He also serves on the Audit, Compensation, and Nominating Committees, and has been an attorney in private practice since 1983. | |
Jean Etheredge | Secretary | Jean Etheredge has served as Secretary at Nobility Homes, Inc. since 1967. There is no indication of any board memberships or additional roles, either internally or externally. |
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With capacity utilization currently at approximately 48% and sales down significantly compared to last year, what specific strategies are you implementing to improve plant utilization and mitigate the impact of fixed costs on your margins?
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Given that your average retail selling price has increased from $71,000 to $77,151, but unit sales have decreased from approximately 900 to 485 units year-over-year, how do you plan to address declining unit sales to prevent further revenue decline?
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Considering that your reserve for loan losses remains consistent despite potential market risks, what measures are you taking to ensure that your loan loss provisions are adequate in the event of increased delinquencies, especially in the current tightening credit environment?
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With substantial cash on your balance sheet and plans to invest in retirement communities that may not be immediately profitable, how do you justify these investments to shareholders seeking short-term returns, and what is the expected timeline for these investments to become accretive to earnings?
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As modular homes represent only about 10% of your sales and you anticipate only a modest increase to 12-14% in the next year, what is your strategy to capitalize on potential growth opportunities in the modular home market, especially in light of changing consumer preferences and potentially higher margins in that segment?
No recent press releases or 8-K filings found for NOBH.