Nobility Homes Q2 sales $16.8M (+58%), net income $2.9M (+96%)

NOBILITY HOMES INC

2023-Q2 EPS reported $1.75 revenue$33,944,350

Q2 sales $16.8M (+58% YoY); net income $2.9M (+96%); diluted EPS $0.85 vs $0.42.
First six months sales $33.9M (+58%); net income $5.9M (+126%); diluted EPS $1.75 vs $0.74.
Strong balance sheet: cash $23.5M, no debt, working capital $35.6M, book value $14.98.
Management cites easing supply chain but warns of continued inflation, rising rates slowing demand; Florida industry shipments down ~10%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NOBILITY HOMES INC reported first six months ended May 6, 2023 results: revenue $33.9 million, net income $5.9 million, EPS $1.75 per share.

Period: first six months ended May 6, 2023
Revenue: $33.9 million
Net income: $5.9 million
EPS: $1.75 per share
Result: reported results

Exact text from the filing

For the first six months of fiscal 2023, sales increased 58% to $33.9 million as compared to $21.5 million in the second quarter of 2022. Income from operations for the second quarter of 2023 increased 156% to $7.6 million versus $3.0 million in the same period last year. Net income after taxes increased 126% to $5.9 million versus last year’s results of $2.6 million. Diluted earnings were $1.75 per share compared to $0.74 per share last year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NOBILITY HOMES INC reported second quarter ended May 6, 2023 results: revenue $16.8 million, net income $2.9 million, EPS $0.85 per share.

Period: second quarter ended May 6, 2023
Revenue: $16.8 million
Net income: $2.9 million
EPS: $0.85 per share
Result: reported results

Exact text from the filing

Sales for the second quarter of 2023 increased 58% to $16.8 million as compared to $10.6 million recorded in the second quarter of 2022. Income from operations for the second quarter of 2023 increased 127% to $3.7 million versus $1.6 million in the same period a year ago. Net income after taxes increased 96% to $2.9 million as compared to $1.5 million for the same period last year. Diluted earnings for the second quarter of 2023 were $0.85 per share compared to $0.42 per share last year.

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Source: SEC EDGAR

accession 0000950170-23-026837

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