Nobility Homes, Inc. Announces Record Sales for Its Fiscal Year 2023 [Yahoo! Finance]
NOBILITY HOMES INC (NOBH)
US:NASDAQ Investor Relations:
nobilityhomes.com
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Source: Yahoo! Finance
Sales for fiscal year 2023 increased 23% to $63.3 million as compared to $51.5 million recorded in fiscal year 2022. For the fourth quarter of fiscal 2023, sales were $14.7 million as compared to $16.2 million in the fourth quarter of last fiscal year. Nobility's financial position during fiscal year 2023 remained very strong with cash and cash equivalents, certificates of deposit and short-term investments of $24.6 million and no outstanding debt. Working capital is $37.9 million and our ratio of current assets to current liabilities is 3.9:1. Nobility's Annual Report on Form 10-K will be delayed because of the ongoing financial audit, whereby most of the remaining in-process audit procedures relate to the capitalization of costs in finished goods inventory. Terry Trexler, President, stated, "The primary reason that sales increased in fiscal 2023 over fiscal 2022 was due to the severe supply chain challenges experienced during the first nine months of fiscal 2022 that negatively
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Sec Filings
- 3/13/24 - Form 8-K
- 2/16/24 - Form 8-K
- 2/2/24 - Form NT
- NOBH's page on the SEC website