Nobility Homes Q1 2024 revenue down 13.5% YoY; EPS falls to $0.71 from $0.91

NOBILITY HOMES INC

2024-Q2 EPS reported $1.33 revenue$26,295,976

Sales $14.8M vs $17.1M YoY; net income $2.3M vs $3.0M; diluted EPS $0.71 vs $0.91.
Cash and short-term investments $27.4M; no debt; working capital $41.6M; book value $16.85.
President cites higher mortgage rates, supply-chain delays, labor shortages, and inflation as headwinds.
Florida industry shipments declined ~15% YoY (Nov 2023–Feb 2024); company expects challenges to persist through 2024.

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