secwatch.observer — SEC 8-K summary
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Issuer:     NOBILITY HOMES INC (NOBH)
CIK:        0000072205
Form:       8-K
Filed at:   2024-06-07T23:59:59+00:00
Accession:  0001193125-24-156888
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72205/000119312524156888/0001193125-24-156888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72205/000119312524156888/d843440d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-156888

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