Manufactured housing producer Nobility Homes, Inc. (NOBH) of Ocala, Florida, announcing its sales and earnings results for the third quarter 2014 ending Aug. 2, reports sales for the quarter rose 12 percent to $5,346, 639 over the $4,758,456 for the same period of 2013, according to nasdaq.com. Net income after taxes was $252,268, more than double the $121,501 for Q3 2013, including a non-cash loss of $96,668 from an investment in a retirement community limited partnership. Diluted earnings doubled to $.06 per share for Q3 from $.03 for the same period last year. Nobility Homes President Terry Trexler says, “Our sales for the third quarter of 2014 were strong despite tight retail credit standards and uncertain economic conditions present in our country. We believe that the long-term demographic trends favor future growth in the Florida market area we serve, and that the current economic environment requires us to maintain our strong financial position for future growth and success.”MHProNews knows Florida consistently ranks third among the states for most manufactured housing shipments. ##
