Nobility Homes Sales Drop 13%
Nobility Homes (OTC:NOBH), a Florida-based manufactured home builder and retailer, reported third-quarter fiscal 2025 results on September 12, 2025. The company saw both revenue and profits declined from prior-year levels in Q3 FY2025, mainly due to softening industry demand and higher costs. Despite these challenges, it has maintained a strong balance sheet and announced a new share repurchase authorization. The period was marked by lower retail sales, margin compression, and persistent supply and labor challenges, while company leadership did not offer quantitative forward guidance for the rest of the year.
Nobility Homes designs, manufactures, and sells manufactured homes mainly within Florida. Its production facility is based in Ocala and it operates a network of retail sales centers spread across north and central Florida, focusing on markets within a 350-mile area to manage delivery logistics and costs.
This localized approach exposes the company to regional economic shifts but allows it to tailor its products and sales strategies closely to the Florida market. Over recent years, navigating persistent competition, and managing costs across volatile labor and materials markets have been key priorities.
Source Fool.com
