Nobility Homes, Inc. Announces Second Quarter 2026 Sales and Earnings

Nobility Homes, Inc. reported its financial results for the second quarter ended May 2, 2026. Sales for the quarter were $12.4 million, a decrease from $14.8 million in the same period last year. Income from operations was $2.1 million, down from $2.7 million year-over-year, and net income was $1.8 million, compared to $2.3 million in the prior year's second quarter. Earnings per share decreased to $0.56 from $0.70. For the first six months of fiscal 2026, sales were $22.9 million, down from $27.0 million in the corresponding period of 2025. The company reported $24.2 million in cash and cash equivalents, certificates of deposit, and short-term investments with no outstanding debt. President Terry Trexler cited decreased sales in company-owned retail centers, increased sales to independent dealers with lower margins, customer delays due to higher interest rates and economic uncertainty, and supply chain issues causing production delays and increased material costs as reasons for the sales decline. Despite these challenges, the company highlighted its strong financial position and experience in the Florida market.