Nobility Homes, Inc. reported its financial results for the third quarter ended August 1, 2026, in an 8-K filing filed on September 11, 2026. The company, headquartered in Ocala, Florida, reported net sales of $12.1 million for the quarter, a slight increase from the $12.0 million recorded in the same period of 2025.
Despite the sales increase, the company reported a decrease in income from operations to $2.1 million compared to $2.2 million in the prior year. Net income after taxes was $1.9 million, compared to $1.8 million in the previous year. Earnings per share for the quarter were $0.60, up from $0.56 in the prior year.
For the first nine months of fiscal 2026, total sales were $35.1 million, a decrease from $39.0 million during the same period in 2025. Income from operations for the nine months was $6.0 million, down from $7.2 million, and net income was $5.3 million, compared to $6.1 million in the prior year. Earnings per share for the nine months were $1.66, compared to $1.87 in the prior year.
The company attributed the decline in sales for the first nine months to a decrease in the number of new retail homes sold at its owned centers—137 homes versus 195 homes—partially offset by an increase in homes sold to independent dealers, which carry lower margins. The company cited the higher interest rate environment and economic uncertainty as factors causing customers to delay purchases or opt for lower-cost homes.
In addition to demand-side challenges, Nobility Homes reported delays in the receipt of production materials and inflation in building product costs. The company stated that these challenges are expected to continue throughout fiscal years 2026 and into 2027.
On the balance sheet, Nobility Homes reported strong financial position as of August 1, 2026. The company held $25.8 million in cash and cash equivalents, certificates of deposit, and short-term investments, with no outstanding debt. Working capital was reported at $44.4 million, and the ratio of current assets to current liabilities was 7.4:1. Stockholders' equity was $58.4 million, and the book value per share was $18.52.
