Nobility Homes Q3 revenue down 6% to $13.8M, EPS $0.67 vs $0.80; cites interest rate headwinds

NOBILITY HOMES INC

2024-Q3 EPS reported $2.00 revenue$40,099,316

Q3 2024 revenue $13.8M (-6.1% YoY); diluted EPS $0.67 vs $0.80 in prior year.
Nine-month net income $6.5M ($2.00/sh) vs $8.6M ($2.56/sh) for 2023.
Cash & short-term investments $26.5M, no debt; book value $16.67 per share.
Management warns higher interest rates, supply delays, labor shortages will persist through FY2024 and possibly 2025.
Florida industry shipments Nov2023-Jul2024 down ~3% YoY per state association.

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