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.
Total revenues in the third quarter of 2019 were $11,785,366 compared to $11,447,636 in the third quarter of 2018. Total net sales for the first nine months of 2019 were up 19% to $35,567,828 compared to $30,015,718 for the first nine months of 2018, driven primarily by an increase in new homes sold at the Company’s sales centers. Net income for the first nine months of 2019 was $5,898,635 compared to a net income of $3,399,925 for the first nine 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. In addition, the Company sold its former Pace retail sales center property resulting in a one-time gain of $864,887 during 2019.