Nobility Homes posts $12.1 million in quarterly sales as nine-month retail sales soften

Nobility Homes, Inc. (OTCQX: NOBH) reported third-quarter net sales of $12.1 million and earnings per share of $0.60 on September 11, up from $12.0 million and $0.56 a year earlier. The modest gains for the quarter ended August 1, 2026 came as nine-month sales remained below last year and fewer homes were sold through the company's own retail centers.

Third-quarter results

The quarter's results showed slightly higher sales and net earnings alongside lower operating income. Net sales were $12.1 million versus $12.0 million in the third quarter of fiscal 2025; income from operations was $2.1 million versus $2.2 million. Net income after taxes reached $1.9 million versus $1.8 million, and earnings per share were $0.60 versus $0.56.

Nine-month sales mix

For the first nine months of fiscal 2026, sales fell to $35.1 million from $39.0 million a year earlier. Income from operations declined to $6.0 million from $7.2 million, while net income after taxes fell to $5.3 million from $6.1 million. Nine-month earnings per share were $1.66, compared with $1.87 a year earlier, or $1.86 diluted.

President Terry Trexler attributed the sales decline to fewer new retail homes sold at company-owned sales centers: 137 in the nine-month period, compared with 195 a year earlier. Sales to independent dealers increased to 184 homes from 129, partially offsetting the retail decline. Those dealer sales carry lower margins, according to management.

Balance sheet and industry backdrop

Nobility's third-quarter disclosure listed $25.8 million in cash and cash equivalents, certificates of deposit and short-term investments, and no outstanding debt. Working capital was $44.4 million, the current ratio was 7.4 to 1, stockholders' equity was $58.4 million and book value per share was $18.52.

The company cited Florida Manufactured Housing Association data showing Florida manufactured-housing industry shipments rose about 6% from November 2025 through July 2026 compared with the same period a year earlier. That statewide shipment measure provides industry context; Nobility's retail and dealer home counts describe its own sales channels.

Management expects higher interest rates, economic uncertainty, material delays and back orders, price increases, tariffs, labor shortages and building-product inflation to remain headwinds through fiscal 2026 and into 2027. Nobility is a vertically integrated manufactured- and modular-home company headquartered in Florida, with multiple retail sales centers and an insurance agency subsidiary. Management will not hold a conference call.

Filing path

Nobility Homes disclosed third-quarter fiscal 2026 results in Form 8-K AccNo 0001193125-26-388929 under Items 2.02 and 9.01 with Exhibit 99.1, filed September 11, 2026 for the quarter ended August 1, 2026.