Quarterly ResultJun 15, 2026, 09:31 AM
Nobility Homes Q2 Sales Down to $12.4M; EPS $0.56
AI Summary
Nobility Homes, Inc. reported a decline in sales and earnings for its second quarter and first six months of fiscal 2026 compared to the prior year. Sales for Q2 2026 decreased to $12.4 million from $14.8 million, with EPS falling to $0.56 from $0.70. The company attributed the decline to fewer retail home sales, higher interest rates, economic uncertainty, and ongoing supply chain and labor issues. Despite these challenges, Nobility Homes maintains a strong financial position with $24.2 million in cash and no outstanding debt.
Key Highlights
- Q2 2026 sales decreased to $12.4 million from $14.8 million in Q2 2025.
- Q2 2026 net income was $1.8 million, down from $2.3 million in Q2 2025.
- Q2 2026 diluted EPS was $0.56, compared to $0.70 in Q2 2025.
- First six months 2026 sales were $22.9 million, down from $27.0 million in 2025.
- First six months 2026 diluted EPS was $1.06, down from $1.30 in 2025.
- Company holds $24.2 million in cash, certificates of deposit, and short-term investments.
- Nobility Homes reported no outstanding debt and a current assets to liabilities ratio of 7.1:1.
- Book value per share of common stock was $17.92 as of May 2, 2026.
Price Impact