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Stock impact report

Nobility Homes, Inc. Announces Sales for Its First Quarter 2024 and a Cash Dividend [Yahoo! Finance]

NOBILITY HOMES INC (NOBH) 
US:NASDAQ Investor Relations: nobilityhomes.com
Company Research Source: Yahoo! Finance
Sales for the first quarter of 2024 were $14.8 million compared to $17.1 million in the first quarter of 2023. Nobility's financial position during the first quarter 2024 remains very strong with cash and cash equivalents, certificates of deposit and short-term investments of $27.4 million and no outstanding debt. Working capital is $41.6 million and our ratio of current assets to current liabilities is 5.2:1. Stockholders' equity is $55.0 million and the book value per share of common stock increased to $16.85. The Company is working with our newly appointed auditors to complete the fiscal year 2023 audit. After completion of the audit and the filing of the 10-K, the Company will release the first quarter 2024 financials. The Board of Directors declared a one-time cash dividend of $1.50 per common share for the fiscal year 2023. The cash dividend is payable on April 8, 2024, to stockholders of record as of March 25, 2024. Nobility Homes has distributed one-time cash dividends f Show less Read more
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