Quarterly ResultJun 16, 2026, 01:56 PM
Nobility Homes Q2 Net Income Down 23% to $1.76M
AI Summary
Nobility Homes Inc. reported a decrease in net sales and net income for both the second quarter and the first six months of fiscal year 2026 compared to the prior year. The company cited factors such as a challenging economic environment, higher interest rates, and supply chain disruptions impacting sales and production. Despite the decline in revenue and profit, the company maintained its financial position and completed a share repurchase and a cash dividend payment.
Key Highlights
- Net sales decreased to $12.41M in Q2 2026 from $14.76M in Q2 2025.
- Net income for Q2 2026 was $1.76M ($0.56/share), down from $2.29M ($0.70/share) in Q2 2025.
- Six-month net sales fell to $22.91M in 2026 from $27.00M in 2025.
- Six-month net income decreased to $3.39M ($1.06/share) in 2026 from $4.27M ($1.31/share) in 2025.
- Company repurchased 100,000 shares from President in January 2026 for $2.97M.
- Paid a cash dividend of $1.50 per share in April 2026, totaling $4.73M.
Price Impact