In the Q1, Nobility Homes Inc 's corporate clients experienced a fall by -33.27 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 3 %. During the corresponding time, Nobility Homes Inc saw a revenue deteriorated by -14.2 % year on year, sequentially revenue fell by -23.04 %. While revenue at the Nobility Homes Inc 's corporate clients recorded rose by 7.85 % year on year, sequentially revenue grew by 1.95 %.
Customers of Nobility Homes Inc saw their costs of revenue fall by -33.27 % in Q1 compare to a year ago, sequentially costs of revenue grew by 3 %, for the same period Nobility Homes Inc revnue deteriorated by -14.2 % year on year, sequentially revenue fell by -23.04 %.
Nobility Homes Inc's Comment on Sales, Marketing and Customers
Prestige Home Centers, Inc., our wholly-owned subsidiary, operates ten retail
sales centers in north and central Florida. Its principal executive offices are
located at Nobility’s headquarters in Ocala, Florida.
Each of Prestige’s retail sales centers are located within 350 miles of
Nobility’s Ocala manufacturing facility. Prestige owns the land at four
of its retail sales centers and leases the remaining six retail sales centers
from unaffiliated parties under leases with terms between one and three years
with renewal options.
The primary customers of Prestige are homebuyers who generally purchase manufactured
homes to place on their own home sites. Prestige operates its retail sales centers
with a model home concept. Each of the homes displayed at its retail sales centers
is furnished and decorated as a model home. Although the model homes may be purchased
from Prestige’s model home inventory, generally, customers order homes which
are shipped directly from the factory to their home site. Prestige sales generally
are to purchasers living within a radius of approximately 100 miles from the selling
retail lot.
The retail sale of manufactured homes is a highly competitive business. Because
of the number of retail sales centers located throughout Nobility’s market
area, potential customers typically can find several sales centers within a
100 mile radius of their present home. Prestige competes with over 100 other
retailers in its primary market area, some of which may have greater financial
resources than Prestige. In addition, manufactured homes offered by Prestige
compete with site-built housing.
Prestige does not itself finance customers’ new home purchases. Financing
for home purchases has historically been available from other independent sources
that specialize in manufactured housing lending and banks that finance manufactured
home purchases. Prestige and Nobility are not required to sign any recourse
agreements with any of these retail financing sources.
Nobility Homes Inc’s Comment on Sales, Marketing and Customers
Prestige Home Centers, Inc., our wholly-owned subsidiary, operates ten retail
sales centers in north and central Florida. Its principal executive offices are
located at Nobility’s headquarters in Ocala, Florida.
Each of Prestige’s retail sales centers are located within 350 miles of
Nobility’s Ocala manufacturing facility. Prestige owns the land at four
of its retail sales centers and leases the remaining six retail sales centers
from unaffiliated parties under leases with terms between one and three years
with renewal options.
The primary customers of Prestige are homebuyers who generally purchase manufactured
homes to place on their own home sites. Prestige operates its retail sales centers
with a model home concept. Each of the homes displayed at its retail sales centers
is furnished and decorated as a model home. Although the model homes may be purchased
from Prestige’s model home inventory, generally, customers order homes which
are shipped directly from the factory to their home site. Prestige sales generally
are to purchasers living within a radius of approximately 100 miles from the selling
retail lot.
The retail sale of manufactured homes is a highly competitive business. Because
of the number of retail sales centers located throughout Nobility’s market
area, potential customers typically can find several sales centers within a
100 mile radius of their present home. Prestige competes with over 100 other
retailers in its primary market area, some of which may have greater financial
resources than Prestige. In addition, manufactured homes offered by Prestige
compete with site-built housing.
Prestige does not itself finance customers’ new home purchases. Financing
for home purchases has historically been available from other independent sources
that specialize in manufactured housing lending and banks that finance manufactured
home purchases. Prestige and Nobility are not required to sign any recourse
agreements with any of these retail financing sources.
Sources:
Nobility Homes Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Nobility Homes Inc’s corporate clients.
For your research, we’ve provided 9 tables on Nobility Homes Inc corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
99.25 %
24.9 %