Nobility Posts Sales, Income Gains over same Quarter 2014

nobility homes  their credit  florida companyFor the second fiscal quarter of 2015 ending May 2, Nobility Homes Inc. (OTCQX:NOBH) announces sales rose 23 percent over the same quarter of 2014, $6,706,118 versus $5,431,026. Income from operations rose to $665,719 from $305,628 for the same period last year, while net income after taxes increased to $685,553 as compared to $284,900 for the same period last year. The net income after taxes for Q2 2015 included a $51,657 non-cash loss from an investment.

Total comprehensive income for Q1 2015, which includes unrealized investment gain was $727,494 as opposed to the same quarter last year which was $271,780. Net income per share, basic and diluted, was $0.17 for the first quarter 2015 as opposed to $0.07 per share, basic and diluted, for the same quarter 2014, as stockhouse informs MHProNews.

President Terry Trexler said, “The demand for affordable manufactured housing in Florida and the U.S. is improving; however, our sales and earnings continue to be affected by the challenging housing environment, the uncertainty of the U.S. and world economy, employment levels, consumer confidence and, in particular, the lack of available retail and wholesale financing.” ##

(Image credit: Nobility Homes, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.


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