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 (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '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

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.

10-Q

Q3 FY2025 results

9/15/25Sep 15, 2025

Nobility Homes posted Q3 FY2025 net sales of $12.0M, down 13% y/y, yet operating income held at $2.2M (down 15% y/y) with gross margins steady near 32% despite a shift to lower-margin wholesale sales (37 vs 36 homes). Nine-month sales dipped to $39.0M (down 3% y/y), driving net income to $6.1M and diluted EPS $1.86 (anti-dilution from options flagged). Cash flow from operations reached $3.99M; free cash flow not disclosed in the 10-Q. No debt, $14.4M cash, $12.2M CDs bolster liquidity. Solid balance sheet. Higher interest rates crimp retail demand.

8-K

Q3 sales dip, strong balance sheet

9/12/25Sep 12, 2025

Nobility Homes reported Q3 sales of $12.0M, down from $13.8M last year, with net income at $1.8M versus $2.2M. Nine-month sales fell to $39.0M from $40.0M, amid fewer retail homes sold but more to lower-margin dealers. Balance sheet shines: $27.1M cash, no debt, 7.5:1 current ratio. Board greenlit 200K share buyback. Headwinds persist.

8-K

Auditor switch, no issues

8/25/25Aug 25, 2025

Nobility Homes dismissed Baker Tilly as its auditor on August 19, 2025, after just three months, and immediately hired Michael Gillespie & Associates. No disagreements on accounting or audits marred the short tenure. Clean switch. Filing includes Baker Tilly's agreeing letter.

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