Nobility Homes Q3 sales up 6% to $14.7M; net income up 41% to $2.7M; diluted EPS $0.80

NOBILITY HOMES INC

2023-Q3 EPS reported $2.56 revenue$48,599,139

Q3 fiscal 2023 sales $14.7M (+6% YoY); net income $2.7M (+41% YoY); diluted EPS $0.80 vs $0.56.
First nine months sales $48.6M (+38% YoY); net income $8.6M (+91% YoY); diluted EPS $2.56 vs $1.30.
Balance sheet: $20.9M cash, no debt, $35.5M working capital, $15.41 book value per share.
President cites easing supply chain as driver but warns of rising rates slowing demand; Florida shipments down 15%.
Company continues to face material shortages, inflation, and labor issues; uncertainty persists.

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 third quarter ended August 5, 2023 results: revenue $14.7 million, net income $2.7 million, EPS $0.80 per share.

Period: third quarter ended August 5, 2023
Revenue: $14.7 million
Net income: $2.7 million
EPS: $0.80 per share
Result: reported results

Exact text from the filing

Nobility Homes, Inc. (OTCQX: NOBH) announced sales and earnings for its third quarter ended August 5, 2023. Sales for the third quarter of 2023 increased 6% to $14.7 million as compared to $13.8 million recorded in the third quarter of 2022.

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Source: SEC EDGAR

accession 0000950170-23-048364

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