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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

15 Jun 21
3 Aug 21
3 Nov 21
Quarter (USD)
May 21 Jan 21 Oct 20 Jul 20
Revenue
Cost of revenue
Operating income
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
Cost of revenue
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Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
21 Jun 21 Trexler Terry Earl Common Stock Sale back to company Dispose D Yes No 34.68 100,000 3.47M 1,880,535

Financial report summary

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Management Discussion
  • Total revenues in the second quarter of 2021 increased 45% to $14,742,900 compared to $10,202,502 in the second quarter of 2020. Total net sales for the first six months of 2021 increased 21% to $23,814,411 compared to $19,646,354 for the first six months of 2020. The Company reported net income of $1,724,938 in the second quarter of 2021, compared to a net income of $1,550,004 during the second quarter of 2020. Net income for the first six months of 2021 was $2,790,703 compared to a net income of $2,950,145 for the first six months of 2020. According to the Florida Manufactured Housing Association, shipments for the industry in Florida for the period from November 2020 through May 2021 were up approximately 6% 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 most building products, with no immediate relief in sight resulting in significant increases to our material costs and a corresponding decrease in gross profits.
Content analysis
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Readability
H.S. freshman Avg
New words: build, building, commitment, expenditure, foot, frame, FRSA, payoff, shop, situation, South, square
Removed: impacted, repurchase, response