Income from operations (IFO) for FY 2015 nearly tripled over last year’s numbers of $1,311,030 to $2,915,395. Net income rose from $1,257,898 to $2,915,395 on the year. Diluted earnings per share (EPS) rose from $0.31 per share FY 2014 to $0.72 for the most recent fiscal year.
Additionally, sales for Q4 2015 rose 37 percent over last FY to $8,494,623, producing IFO of $1,068,641 as compared to $632,090 in the same period of 2014. Net income after taxes hit $1,008,284 versus $617,328 for the same period last year. EPS for Q4 were $0.25 versus last year’s $0.15.
Nobility will not be holding a conference call, but 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 November 2014 through October 2015 were up approximately 29% from the same period last year. 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.”
Nobility, headquartered in Florida, has been producing manufactured homes for 48 years. ##
(Image credit: Nobility Homes, Inc.)
