Nobility Homes FY2024 sales down 18% YoY; diluted EPS falls to $2.63 from $3.27

NOBILITY HOMES INC

FY2024 sales $51.9M vs $63.3M; net income $8.6M vs $10.9M; operating income $9.6M vs $13.4M.
Q4 sales $11.8M vs $14.7M; net income $2.0M vs $2.3M; EPS $0.63 vs $0.71.
Cash, CDs, short-term investments $27.2M; no debt; book value $17.31/share.
President cites higher mortgage rates, production delays, labor shortages; challenges expected to continue into 2025.
No conference call; industry shipments in Florida down ~3% over trailing 12 months.

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