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Posts Tagged ‘president terry trexler’

Nobility Homes Reports Substantial Quarterly Increases in Revenue, Income

March 15th, 2016 Comments off

nobility_homes_logoMHPronews has learned from marketwired that sales for Nobility Homes, Inc.(OTC:NOBH) rose 32 percent in the first quarter of 2016 ending Jan. 30, 2016, while income from operations (IFO) rose an astounding 130 percent over last Jan.

Sales hit $7,374,050 Q1 2016 versus $5,576,800 last year; IFO rose from $424,820 Q1 2015 to $975,471 during the same period 2016. Net income after taxes for Q1 2016 was $678,401 versus $479,788 for the same period last year. Diluted earnings per share rose from $0.12 last year to $0.17 Q1 2016.

The manufactured home producer, founded 48 years ago in Ocala, Fla., has cash, cash equivalents and short term investments of $17,162,666 and no outstanding debt. The stock closed March 14 unchanged at $13.00, as MHProNews reported in our daily stock report. Florida ranks number three in the nation for states with the highest shipments of manufactured homes.

President Terry Trexler said, “The demand for affordable manufactured housing in Florida and the U. S. is improving. According to the Florida Manufactured Housing Association, shipments in Florida for the period from Nov. 2015 through Jan. 2016 were up approximately 33 percent from the same period last year.”

The company will not be hosting a conference call. If you have questions call Terry or Tom Trexler at (800) 476-6624 ext. 221. ##

(Image credit: Nobility Homes, Inc.)

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

Nobility Posts Sales, Income Gains over same Quarter 2014

June 11th, 2015 Comments off

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.

Sales, Income Increase Marks Nobility Homes First Quarter 2015

March 16th, 2015 Comments off

nobility homes  their credit  florida companyFor its first quarter ending Jan. 31, 2015, Nobility Homes reports sales increased 35 percent to $5,576,800 over $4,137,438 for the same quarter of 2014. Gross profit was $1,172,769 for Q1 2015 versus $745,530 for the same period 2014.

First quarter income from operations for 2015 equaled $424,820 as compared to $84,186 for the same quarter last year.

Net income for Q1 2015 was $479,788 as opposed to $103,402 for the same quarter of 2014, as globenewswire tells MHProNews.

Diluted earnings per share for 2015 were $0.12 compared to $0.023 per share for the same period 2014.

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 adversely 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. 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.” ##

(Image credit: Nobility Homes)

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