Company profile

Ticker
NOBH
Exchange
CEO
Terry Earl Trexler
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
591166102

NOBH stock data

(
)

Calendar

14 Jun 19
24 Aug 19
3 Nov 19

News

Company financial data Financial data

Quarter (USD) May 19 Feb 19 Nov 18 Aug 18
Revenue 12.74M 11.04M 12.8M 11.45M
Net income 1.82M 1.54M 1.56M 1.25M
Diluted EPS 0.47 0.4 0.4 0.32
Net profit margin 14.28% 13.91% 12.22% 10.90%
Operating income 2.14M 1.77M 1.98M 1.46M
Net change in cash -4.95M -346.22K -2.12M 751.16K
Cash on hand 23.07M 28.02M 28.36M 30.49M
Cost of revenue 9.3M 8.07M 9.39M 8.71M
Annual (USD) Nov 18 Oct 15 Nov 14
Revenue 42.81M 27.84M 21.15M
Net income 4.96M 2.92M 1.26M
Diluted EPS 1.27 0.72 0.31
Net profit margin 11.59% 10.47% 5.95%
Operating income 5.72M 2.94M 1.31M
Net change in cash 11.6M 2.65M
Cash on hand 28.36M 16.77M 14.12M
Cost of revenue 32.13M 21.7M 16.78M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • Total revenues in the second quarter of 2019 were up 43% to $12,742,688 compared to $8,922,264 in the second quarter of 2018, driven primarily by an increase in new homes sold at the Company’s sales centers. Total net sales for the first six months of 2019 were up 28% to $23,782,462 compared to $18,568,082 for the first six months of 2018. Net income for the first six months of 2019 was $3,355,531 compared to a net income of $2,151,841 for the first six months of 2018. Homes sold to independent dealers continued to decline primarily due to the Company’s focus on building more homes for Prestige Home Centers (our owned retail sales centers) because of the increase in retail sales.
  • The demand for affordable manufactured housing in Florida and the U.S. continues to improve. According to the Florida Manufactured Housing Association, shipments in Florida for the period from November 2018 through April 2019 were up approximately 26% from the same period last year. Constrained consumer credit and the lack of lenders in our industry, partly as a result of an increase in government regulations, still affects our results by limiting many affordable manufactured housing buyers from purchasing homes. However, legislation may help improve this situation in the future.
  • We understand that maintaining our strong financial position is vital for future growth and success. Because of very challenging business conditions during economic recessions in our market area, management will continue to evaluate all expenses and react in a manner consistent with maintaining our strong financial position, while exploring opportunities to expand our distribution and manufacturing operations.
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New words: direct, higher, independent, registered
Removed: accounted, amortized, consolidation, declared, determination, disclose, disclosed, eliminate, entered, entity, guarantee, guarantor, investee, January, measure, option, pay, portion, present, record, requirement, separately