The sustained revenue and earnings decline confirms a deteriorating demand environment for manufactured homes in Florida. With no guidance provided and management citing persistent headwinds, traders should monitor next quarter for further deterioration or any signs of stabilization. The strong balance sheet provides a floor, but the operating trend is clearly negative.
Price Chart
Executive Summary
Nobility Homes reported Q2 2026 revenue of $12.4M (down 15.9% YoY) and EPS of $0.56 (down 20% YoY), continuing the decline from Q1. The company cited higher interest rates, economic uncertainty, and a shift to lower-margin independent dealer sales as key headwinds, with management expecting these challenges to persist through fiscal 2026.
Key Financial Metrics
Key Facts
- Q2 2026 net sales $12.4M vs $14.8M in Q2 2025, a decline of 15.9%
- Q2 2026 EPS $0.56 vs $0.70 in Q2 2025, a decline of 20%
- Net income fell to $1.8M from $2.3M, down 23.2%
- Company-owned retail home sales dropped to 93 homes (first six months) from 132, partially offset by increase in independent dealer sales (121 vs 92) at lower margins
- Balance sheet remains debt-free with $24.2M in cash and short-term investments
- Management expects cost pressures from tariffs, inflation, and labor shortages to continue through fiscal 2026 and beyond
Financial Impact
Revenue decline of $2.3M (15.9%) and net income decline of $0.5M (23.2%) compared to prior year quarter
Risk Factors
- Continued decline in retail home sales due to high interest rates and economic uncertainty
- Margin compression from mix shift toward lower-margin independent dealer sales
- Persistent supply chain disruptions, tariffs, and labor shortages impacting production and costs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-270396 |
| Document: d136750d8k.htm | 0001193125-26-270396 |
| Document: 0001193125-26-270396-index-headers.html | 0001193125-26-270396 |
| Document: 0001193125-26-270396-index.html | 0001193125-26-270396 |
| Document: 0001193125-26-270396.txt | 0001193125-26-270396 |
| 8-K Data (Synthetic) | 0001193125-26-270396 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 6w ago | 8-K | $27.03 | awaiting T+60 | — | $27.21 (+0.67%) |
Jun 15, 2026 19w ago | 8-K | $30.90 $27.03 | ▲ +12.52% | ▲ +13.79% | $27.21 (+11.94%) |
US Market Status
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