Nobility Homes, Inc. Announces Sales and Earnings for Its First Quarter 2021
OCALA, FL / ACCESSWIRE / March 12, 2021 / Today Nobility Homes, Inc. (OTCQX:NOBH) announced sales and earnings for its first quarter ended January 30, 2021. Sales for the first quarter of 2021 were $9,071,511 as compared to $9,443,852 recorded in the first quarter of 2020. Income from operations for the first quarter of 2021 was $1,224,066 versus $1,633,705 in the same period a year ago. Net income after taxes was $1,065,765 as compared to $1,400,141 for the same period last year. Diluted earnings per share for the first quarter of 2021 were $0.29 per share compared to $0.38 per share last year.
Nobility's financial position during the first quarter 2021 remains very strong with cash and cash equivalents, certificates of deposit and short term investments of $36,484,550 and no outstanding debt. Working capital is $39,420,939 and our ratio of current assets to current liabilities is 4.7:1. Stockholders' equity is $52,042,687 and the book value per share of common stock increased to $14.33.