NOBH Research | Milton Maxwell

NOBH

Nobility Homes, Inc.

30.50

+0.00+0%

Dec 16, 4:00:00 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

99.70M

P/E (TTM)

12.25

Basic EPS (TTM)

2.49

Dividend Yield

Recent Filings

8-K

Q1 sales down, dividend declared

3/16/26Mar 16, 2026

Nobility Homes reported Q1 2026 sales of $10.5 million, down from $12.2 million last year, with net income falling to $1.6 million ($0.50/share) from $2.0 million ($0.61/share). Sales dropped due to fewer retail homes (43 vs 67) offset by more dealer sales (57 vs 31), amid higher rates and supply delays. Board declared $1.50/share special dividend, payable April 13. Balance sheet stays rock-solid: $25.9 million cash, no debt.

8-K

Extended stock plan to 2031

3/9/26Mar 9, 2026

Nobility Homes extended its 2011 Stock Incentive Plan termination from June 1, 2026, to June 1, 2031, effective March 6, 2026. Shareholders at the annual meeting elected Terry E. Trexler, Thomas W. Trexler, Arthur L. Havener Jr., and Robert P. Saltsman as directors with overwhelming support. Say-on-pay passed; frequency set every 3 years. Plan lives on.

10-K

FY2025 results

1/30/26Jan 30, 2026

Nobility Homes posted FY2025 net sales of $52.7M, up 1% y/y, yet net income slipped to $8.4M ($2.58 diluted EPS) from $8.6M as retail units at Prestige centers fell to 257 from 295 while lower-margin wholesale sales to independent dealers jumped to 172 from 129; gross margins held steady at 32% despite the mix shift. SG&A dropped to 13% of sales from 15%, boosting operating income. No debt, $13.2M cash, and $46.9M working capital back a $1.25/share dividend and 15k share buyback. Inventory trimmed to $19.7M. Labor shortages persist. Strong balance sheet endures.

8-K

Auditor switch, no issues

11/5/25Nov 5, 2025

Nobility Homes switched auditors on October 31, 2025, with its Audit Committee engaging a new independent accounting firm effective immediately, replacing dbbmckennon LLC. No consultations, disagreements, or reportable events occurred with the prior firm over the last two fiscal years. Clean transition. Routine shift, no disclosed issues.

8-K

Auditor resigns abruptly

10/17/25Oct 17, 2025

Nobility Homes' auditor, Michael Gillespie & Associates, resigned effective October 8, 2025, just seven weeks after appointment. No disagreements on accounting or auditing matters arose. Auditor switches raise flags. Baker Tilly's concurrence letter filed as Exhibit 16.1.

About

Nobility Homes, Inc. designs, manufactures, and sells of various manufactured and modular homes through Kingswood, Richwood, Tropic Isle, Regency Manor, and Tropic Manor trade names in Florida. It offers retail insurance services, which involve placing various types of insurance, including property and casualty, automobile, and extended home warranty coverage with insurance underwriters on behalf of its customers in connection with their purchase and financing of manufactured homes, as well as operates as a licensed mortgage loan originator. It sells its manufactured homes through a network of its own retail sales centers; and on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The company was incorporated in 1967 and is headquartered in Ocala, Florida.

CEO

Mr. Terry E. Trexler

IPO

3/18/1980

Website

https://www.nobilityhomes.com

Employees

144

Sector

Consumer Cyclical

Industry

Residential Construction