Nobility Homes, Inc. Reports Earnings Results for the First Quarter Ended February 1, 2020
March 13, 2020 at 11:55 am
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Nobility Homes, Inc. announced earnings results for the first quarter ended February 1, 2020. For the first quarter, the company announced sales was USD 9.443 million compared to USD 11.039 million a year ago. Operating income was USD 1.633 million compared to USD 1.771 million a year ago. Net income was USD 1.400 million compared to USD 1.535 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to USD 0.4 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. The 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. 
