Nobility Homes Q1 net sales up 59% to $17.2M; EPS $0.91 vs $0.33; declares $1 special dividend

NOBILITY HOMES INC

2023-Q1 EPS reported $0.91 revenue$17,164,753

Sales $17.2M (+59% YoY); operating income $3.8M (+192%); net income $3.1M (+164%); diluted EPS $0.91 vs $0.33.
Cash & short-term investments $24.3M, no debt; working capital $36.5M; book value $15.13/share.
Board declared $1.00 one-time cash dividend payable April 3 to holders of record March 20, 2023.
President cites slowing demand due to higher interest rates, ongoing supply chain and labor challenges.
Company notes inflation in building products, potential customer deferrals; industry shipments in Florida flat YoY.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NOBILITY HOMES INC reported first quarter ended February 4, 2023 results: revenue $17.2 million, net income $3.1 million, EPS $0.91 per share.

Period: first quarter ended February 4, 2023
Revenue: $17.2 million
Net income: $3.1 million
EPS: $0.91 per share
Result: reported results

Exact text from the filing

2023 - Today Nobility Homes, Inc. (OTCQX: NOBH) announced sales and earnings for its first quarter ended February 4, 2023. Sales for the first quarter of 2023 increased 59% to $17.2 million compared to $10.8 million recorded in the first quarter of 2022. Income from operations for the first quarter of 2023 was up 192% to $3.8 million versus $1.3 million in the same

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Source: SEC EDGAR

accession 0001193125-23-069203

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