Nobility Homes, Inc. Reports Earnings Results for the Fourth Quarter Ended October 31, 2020
January 06, 2021 at 01:15 pm
Share
Nobility Homes, Inc. announced earnings results for the fourth quarter ended October 31, 2020. For the fourth quarter, the company announced sales was USD 13.165 million compared to USD 10.780 million a year ago. Operating income was USD 2.266 million compared to USD 2.099 million a year ago. Net income was USD 1.873 million compared to USD 2.911 million a year ago. Basic earnings per share was USD 0.52 compared to USD 0.79 a year ago. For the full year, sales was USD 41.612 million compared to USD 46.347 million a year ago. Operating income was USD 7.146 million compared to USD 8.300 million a year ago. Net income was USD 5.983 million compared to USD 8.810 million a year ago. Basic earnings per share was USD 1.64 compared to USD 2.32 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. 
