$NOBH

NOBILITY HOMES INC

CIK:0000072205|SEC Filings

Condensed Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
Condensed Consolidated Statements of Income - USD ($)	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
Net sales	$ 12,138,230	$ 12,021,194	$ 35,051,636	$ 39,020,273
Cost of sales	(8,646,241)	(8,173,008)	(24,732,344)	(26,569,886)
Gross profit	3,491,989	3,848,186	10,319,292	12,450,387
Selling, general and administrative expenses	(1,384,120)	(1,670,585)	(4,286,486)	(5,236,432)
Operating income	2,107,869	2,177,601	6,032,806	7,213,955
Other income (expense):
Interest income	213,928	270,139	687,383	853,735
Undistributed earnings in joint venture - Majestic 21	16,684	25,624	57,665	72,893
Proceeds received under escrow arrangement	13,565	36,094	71,879	116,312
Increase (decrease) in fair market value of equity investment	131,541	(16,316)	101,375	(115,336)
Gain on disposal of property, plant and equipment	0	0	1,000	1,000
Miscellaneous	10,869	(25)	80,224	25,697
Total other income	386,587	315,516	999,526	954,301
Income before provision for income taxes	2,494,456	2,493,117	7,032,332	8,168,256
Income tax expense	(598,114)	(667,846)	(1,748,237)	(2,070,243)
Net income	$ 1,896,342	$ 1,825,271	$ 5,284,095	$ 6,098,013
Net income per share:
Basic	3,153,665	3,268,998	3,185,899	3,268,939
Diluted	3,159,240	3,274,456	3,191,587	3,276,061
Basic	$ 0.6	$ 0.56	$ 1.66	$ 1.87
Diluted	$ 0.6	$ 0.56	$ 1.66	$ 1.86

Condensed Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
Cash flows from operating activities:
Net income	$ 5,284,095	$ 6,098,013
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	201,483	127,728
Deferred income taxes	42,835	17,763
Undistributed earnings in joint venture - Majestic 21	(57,665)	(72,893)
Gain on disposal of property, plant and equipment	(1,000)	(1,000)
(Increase) decrease in fair market value of equity investment	(101,375)	115,336
Stock-based compensation	142,827	116,232
Decrease (increase) in:
Accounts receivable - trade	301,007	168,089
Inventories	110,648	1,227,138
Prepaid expenses and other current assets	480,972	(310,961)
Interest receivable	(88,284)	(18,427)
(Decrease) increase in:
Accounts payable	107,588	(297,950)
Accrued compensation	(236,601)	(55,169)
Accrued expenses and other current liabilities	(171,507)	(328,988)
Income taxes payable	535,402	(67,519)
Customer deposits	253,480	(2,329,325)
Net cash provided by operating activities	6,803,905	4,388,067
Cash flows from investing activities:
Purchase of property, plant and equipment	(201,867)	(175,107)
Purchase of certificates of deposit	(6,500,000)	(7,500,000)
Proceeds from certificates of deposit	8,000,000	8,366,000
Proceeds from disposal of property, plant and equipment	1,000	1,000
Collections on mortgage notes receivable	2,975	460
Increase in cash surrender value of life insurance	(198,000)	(153,000)
Net cash provided by investing activities	1,104,108	539,353
Cash flows from financing activities:
Payment of cash dividend	(4,730,497)	(4,086,247)
Cash paid for stock options redemption	(20,600)	0
Purchase of treasury stock	(2,970,000)	0
Net cash (used in) financing activities	(7,721,097)	(4,086,247)
Increase in cash and cash equivalents	186,916	841,173
Cash and cash equivalents at beginning of period	13,230,504	13,521,296
Cash and cash equivalents at end of period	13,417,420	14,362,469
Supplemental disclosure of cash flows information:
Income taxes paid	1,170,000	2,120,000
Interest paid	$ 0	$ 0

Condensed Consolidated Balance Sheets - USD ($)	Aug. 01, 2026	Nov. 01, 2025
Current assets:
Cash and cash equivalents	$ 13,417,420	$ 13,230,504
Certificates of deposit	11,697,609	13,109,325
Short-term investments at fair value	684,503	583,128
Accounts receivable - trade	4,301,664	4,602,671
Mortgage notes receivable	5,294	3,645
Inventories	19,622,587	19,733,235
Prepaid expenses and other current assets	1,519,431	2,000,403
Total current assets	51,248,508	53,262,911
Property, plant and equipment, net	8,230,439	8,230,055
Mortgage notes receivable, less current portion	138,749	143,373
Other investments	611,417	553,752
Property held for resale	26,590	26,590
Cash surrender value of life insurance	4,970,430	4,772,430
Other assets	156,287	156,287
Total assets	65,382,420	67,145,398
Current liabilities:
Accounts payable	693,589	586,001
Accrued compensation	529,252	765,853
Accrued expenses and other current liabilities	1,419,320	1,590,827
Income taxes payable	1,193,863	658,461
Customer deposits	3,048,824	2,795,344
Total current liabilities	6,884,848	6,396,486
Deferred income taxes	76,904	34,069
Total liabilities	6,961,752	6,430,555
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.10 par value, 500,000 shares authorized; none issued and outstanding	0	0
Common stock, $0.10 par value, 10,000,000 shares authorized; 5,364,907 shares issued; 3,153,665 and 3,253,665 shares outstanding	536,491	536,491
Additional paid in capital	11,438,822	11,316,595
Retained earnings	79,591,517	79,037,919
Less treasury stock at cost, 2,211,242 and 2,111,242 shares, respectively	(33,146,162)	(30,176,162)
Total stockholders' equity	58,420,668	60,714,843
Total liabilities and stockholders' equity	$ 65,382,420	$ 67,145,398