Nobility Homes Q2 sales $11.5M, down 31.5% YoY; EPS $0.62 vs $0.85

NOBILITY HOMES INC

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

Q2 2024 sales $11.5M vs $16.8M in Q2 2023; net income $2.0M vs $2.9M.
Diluted EPS $0.62 vs $0.85; first six months EPS $1.33 vs $1.75.
Company cites higher interest rates, material delays, labor shortages, and inflation.
No debt; cash/CDs/short-term investments $23.5M; book value $15.99/share.
Expects challenges to persist through H2 2024; Florida industry shipments down ~9%.

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