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Nobility Homes Inc   (NOBH)
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    Sector  Capital Goods    Industry Construction Services

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Description of Nobility Homes Inc's Business Segments


Nobility Homes Inc. is a manufacturer and retailer of manufactured and modular homes, primarily catering to the housing market in the United States. With a focus on quality, affordability, and innovation, the company offers an array of products and services designed to meet diverse customer needs in home ownership.

Segments

1. Manufactured Homes: Nobility Homes specializes in the production of manufactured homes, which are built in a controlled factory environment and then transported to the site. This segment focuses on high-quality construction and energy efficiency, addressing both modern aesthetics and functional living space requirements.

2. Modular Homes: The company also offers modular homes, which are constructed in sections and assembled on-site. This segment appeals to consumers looking for customizable living spaces, allowing for various floor plans and designs.

3. Recreational Vehicle (RV) Homes: Nobility extends its offerings to include RV homes, catering to the growing market of mobile and seasonal living accommodations. These homes blend the features of traditional housing with the portability of RVs, appealing especially to retirees and vacationers.

Products

1. Single-Section Homes: These are compact homes often best suited for small families or individuals. They are designed with efficient use of space while maintaining comfort and living quality.

2. Multi-Section Homes: These larger homes include multiple sections, offering more extensive living spaces, accommodating larger families or those seeking more room for expansion and comfort.

3. Custom Homes: Nobility provides the option for customized homes tailored to individual preferences, allowing for choices in layout, fixtures, and finishes.

4. Energy-Efficient Models: A significant line of Nobility products features energy-efficient designs, utilizing advanced building techniques and materials to reduce energy consumption and promote sustainable living.

5. Multi-Family Housing Units: Nobility also explores options for multi-family living, providing housing solutions for developers and investors interested in creating affordable housing communities.

Services

1. Home Financing Assistance: Nobility Homes offers resources and guidance to assist customers in navigating the home financing process, which may include partnerships with financial institutions to provide loans tailored for manufactured home purchasers.

2. Site Preparation: The company often provides or partners with local contractors to prepare the site for home installation, ensuring that necessary groundwork, utilities, and inspections are adequately managed.

3. Delivery and Installation: Nobility manages the logistics of delivering and setting up homes on-site, ensuring that assembly and utility connections are performed by trained professionals.

4. Customer Support and Warranty Services: After purchasing a home, customers can rely on Nobility's customer support for maintenance issues, warranty claims, and general inquiries about their homes.

5. Community Development Guidance: Nobility not only sells homes but can also assist in community planning and development, helping to create affordable housing options within planned communities.

International Operations

While Nobility Homes primarily operates in the United States, the company occasionally explores international markets for potential expansion. This could involve studying international demand for manufactured homes, considering partnerships or export opportunities in countries with emerging housing needs. The international market may provide opportunities in regions looking for affordable housing solutions, as manufactured homes can often fulfill this requirement efficiently.

Conclusion

Nobility Homes Inc. maintains a strong presence in the manufactured and modular home industry by focusing on diverse product offerings and comprehensive services. From affordable single-section homes to customized modular designs and RV accommodations, the company addresses a wide array of housing needs. Its commitment to customer service, energy efficiency, and potential international market exploration positions it as a competitive entity in the housing sector. The continuous evolution of its product lines and services reflects an understanding of consumer preferences and market trends, ensuring ongoing relevance in the marketplace.

 

Composition of Nobility Homes Inc Revenues by Segments

 
Manufactured Housing    99.52 % of total Revenue
Manufactured Housing Homes sold through Company owned sales centers    86.99 % of total Revenue
Manufactured Housing Homes sold to independent dealers and through manufactured home parks net    12.53 % of total Revenue
Insurance Agent Commissions    0.48 % of total Revenue

Q1 three months ended (Feb 01 2025)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Manufactured Housing 12.18 99.52 %
Manufactured Housing Homes sold through Company owned sales centers 10.65 86.99 %
Manufactured Housing Homes sold to independent dealers and through manufactured home parks net 1.53 12.53 %
Insurance Agent Commissions 0.06 0.48 %
Total 12.24 100 %




Q1 three months ended (Feb 01 2025)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Manufactured Housing -17.07 % -
Manufactured Housing Homes sold through Company owned sales centers -15.71 % -
Manufactured Housing Homes sold to independent dealers and through manufactured home parks net -25.43 % -
Insurance Agent Commissions -24.47 % -
Total -17.11 % -76.43 %




Q1 three months ended (Feb 01 2025)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total 1.98 16.18 %




Q1 three months ended (Feb 01 2025)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total -15.31 % -77 %




Annual Report on Nobility Homes Inc Divisions, Sales by Country

 
Manufactured Housing   Manufactured Housing Segment contribution to total sales 98.68 % of total Revenue
Insurance Agent Commissions   Insurance Agent Commissions Segment contribution to total sales 0.66 % of total Revenue
Pre-Owned Homes   Pre-Owned Homes Segment contribution to total sales 0.66 % of total Revenue


Twelve months ended 2024
NOBH s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Manufactured Housing 51.25 98.68 %
Insurance Agent Commissions 0.34 0.66 %
Total 51.93 100 %
Pre-Owned Homes 0.34 0.66 %


Twelve months ended 2024
NOBH s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Total 8.61 16.58 %

Twelve months ended 2024
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Manufactured Housing -18.09 % -
Insurance Agent Commissions 0.5 % -
Total -17.98 % -20.99 %
Pre-Owned Homes -16.68 % -



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