NOBH earnings analysis
What we found in NOBH's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Nobility Homes reported a revenue decline to $12.41 million in Q2 2026 from $14.76 million in Q2 2025, with EPS reducing to $0.56 from $0.70 year-over-year. Challenges such as economic uncertainty and rising interest rates impacted sales, particularly affecting new retail home sales, amidst ongoing supply chain issues and inflation. Management anticipates these challenges will persist through fiscal 2026.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Decline
- Total net sales decreased to $12,410,560 in Q2 2026 from $14,757,337 in Q2 2025.
- EPS Drop
- Reported EPS fell to $0.56 in Q2 2026 from $0.70 in the prior year.
- Increased Home Sales to Dealers
- Homes sold to independent dealers increased to 121 in Q2 2026 from 92 in Q2 2025.
- Lower Gross Margin
- Gross margin registered at 29% in Q2 2026 compared to 31% in Q2 2025.
- Decreased SG&A Expenses
- Selling, general and administrative expenses dropped to $1,532,710 from $1,889,197 year-over-year.
- Solid Cash Position
- Cash and cash equivalents were $9,857,859, down from $13,230,504 at the end of the previous fiscal year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Economic Uncertainty
- Management cited economic uncertainty as a reason for deferred purchasing decisions among potential customers.
- Supply Chain Issues
- Ongoing delays in receipt and production of materials continue to impact home completion and sales.
- Cost Inflation
- The rising costs of building materials and labor continue to pressure margins and overall profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.56
- Gross margin
- 29%
What they said about what is next.
Management expects cost pressures to persist through fiscal 2026.
The filing reads worse than the one before it.
What came before.
- 10-Q · March 17, 2026
- Nobility Homes reported a decline in revenue and net income for Q1 2026 compared to Q1 2025, primarily driven by lower retail home sales amidst a challenging economic environment. The company attributes decreased…
- 10-K · January 30, 2026
- Nobility Homes, Inc. showed a modest revenue growth of 1% to $52,667,970 in fiscal year 2025, though net income decreased slightly to $8,446,383. Despite challenges from increased interest rates and supply chain delays,…
- 10-Q · September 15, 2025
- Nobility Homes, Inc. reported a decline in both revenue and net income for Q3 2025 compared to the prior year, attributed to lower retail home sales and challenges in the economic environment. Despite these headwinds,…
- 10-Q · June 16, 2025
- Nobility Homes, Inc. reported a strong performance in Q2 2025 with a 28% increase in revenue to $14.76 million compared to Q2 2024. Net income also rose to $2.29 million, reflecting solid margins despite some headwinds…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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