For its third fiscal quarter 2015 ending Aug. 1, 2015, Nobility Homes reports sales increased 32 percent to $7,059,263.00 over $5,346,639 for the same period of 2014. As einnews tells MHProNews, income from operations rose from $289,126 for Q3 2014 to $787,272 for the same period in 2015. Net income after taxes rose from $252,568 to $746,770. Diluted earnings per share increased from $0.06 last year to $0.18 Q3 2015.

Sales for the first nine months of fiscal year 2015 rose 29 percent over the same period last year, $19,342,181 compared to 2014’s $14,969,094, producing income from operations of $1,872,811 over $678,940 last year. Net income after taxes was $1,907,111 compared to $640,570 last year. Diluted earnings per share for the first nine months was $0.47 in 2015 as compared to $0.16 last year.

Nobility President Terry Trexler, noting the challenging economic environment and the uncertainties of the U. S. economy in general, says, “Constrained consumer credit and the lack of lenders in the industry, partly as a result of an increase in government regulations, have limited many affordable manufactured housing buyers from purchasing homes.”

Nobility has been producing manufactured homes in central Florida for 48 years. ##

(Image credit: Nobility Homes)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.