earnings
confidence high
sentiment negative
materiality 0.60
Nobility Homes Q3 sales up 34% to $11.8M; net income and EPS decline YoY
NOBILITY HOMES INC
2021-Q3 EPS reported
$1.06
revenue$35,592,531
- Q3 diluted EPS $0.29 vs $0.32 a year ago; net income $1.05M down from $1.16M.
- Nine-month sales $35.6M (+25% YoY); nine-month EPS $1.06 vs $1.13.
- Cash and short-term investments $36.4M; no debt; book value per share $13.52.
- President cites COVID absenteeism, hiring challenges, material cost inflation hurting gross profit.
- Florida industry shipments up ~11% for Nov 2020-Jul 2021; management remains optimistic on long-term demand.