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NOBH Nobility Homes

Nobility Homes, Inc. engages in the design, manufacture, and sale of manufactured and modular homes through retail sales centers in Florida. It also sells its manufactured homes on a wholesale basis to independent manufactured home retail dealers and manufactured home communities. The firm is also involved in real properties investment; and provides insurance and financial services. The company was founded in 1967 and is headquartered in Ocala, FL.

Company profile

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

NOBH stock data

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Calendar

16 Mar 21
21 Apr 21
3 Nov 21
Quarter (USD)
Jan 21 Oct 20 Jul 20 May 20
Revenue
Cost of revenue
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Operating margin
Net income
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Cash on hand
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Annual (USD)
Oct 20 Nov 19 Nov 18 Nov 17
Revenue
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Diluted EPS

Financial data from company earnings reports.

Financial report summary

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Management Discussion
  • Total revenues in the first quarter of 2021 were $9,071,511 compared to $9,443,852 in first quarter 2020. The Company reported net income of $1,065,765 in the first quarter of 2021, compared to a net income of $1,400,141 during the first quarter of 2020. The demand for affordable manufactured housing in Florida has been adversely impacted by COVID-19 and actions taken in response thereto. According to the Florida Manufactured Housing Association, shipments for the industry in Florida for the period from November 2020 through January 2021 were flat from the same period last year. In addition, the lack of lenders in our industry, partly as a result of an increase in government regulations, still adversely affects our results by limiting many affordable manufactured housing buyers from purchasing homes. Since May of 2020 the Company has experienced unprecedented inflation in forest products, with no immediate relief in sight resulting in significant increases to our material costs. The Company is monitoring these costs and have adjusted our selling prices accordingly to help offset the higher costs.
Content analysis
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Positive
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H.S. freshman Avg
New words: applicable, declared, discount, employee, flat, land, Ocala, October, reduction, remaining, weighted, written
Removed: accounted, aggregate, amortized, applied, arising, beginning, borrow, borrowing, classification, classify, collateralized, comprehensive, consideration, consolidation, contract, core, decline, determine, disclose, disclosed, eliminate, entity, environment, equal, exemption, exist, forward, guidance, historic, IBR, identifying, incremental, initial, invested, investee, investment, issued, leased, lessee, make, making, measure, modified, negative, option, package, pay, permitted, portion, practical, present, principle, prior, public, qualify, recognition, recognize, reference, representing, requirement, resulted, retrospective, separately, standard, Topic, transition, underlying, Update, view