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Nobility Homes reports Q1 sales and earnings down, but pays a $1.25 dividend per share.
Nobility Homes reported a decline in sales and earnings for Q1 2025, with sales down to $12.2 million from $14.8 million in Q1 2024, and net income at $2.0 million, down from $2.3 million.
The company's stock fell to $29.51 with a market cap of $96.47 million.
Despite the drop, Nobility Homes has a strong financial position with $29.6 million in cash and no debt.
The company attributed the decline to higher mortgage rates, production material delays, and labor shortages, expecting these challenges to persist.
Nobility also announced a one-time cash dividend of $1.25 per share.
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Nobility Homes informa que las ventas y ganancias del primer trimestre bajaron, pero paga un dividendo de $1,25 por acción.