Filing Flows › Nobility Homes (NOBH) › Q4 FY24
Nobility Homes (NOBH) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 30, 2025
Nobility Homes (NOBH) reported revenue of $11.8M for the fourth quarter fiscal 2024 (Q4 FY24), -20% from a year earlier and -14% from the quarter before. Operating margin was 17.3%, net earnings $2.1M (17.4% of revenue).
Nobility Homes, Q4 FY24: revenue $11.8M (-20% year over year), operating margin 17.3%, net earnings $2.1M, operating cash flow $370K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.8M | -14% | -20% |
| Gross profit | $3.9M | -15% | -14% |
| Operating profit | $2.0M | -20% | -24% |
| Net earnings | $2.1M | -6% | -11% |
| Operating cash flow | $370K | -88% | -90% |
| Free cash flow | $358K | -88% | -90% |
What changed
Revenue was $11.8M in Q4 FY24, down 20% year over year and down 14% from the previous quarter.
Gross margin was 33.1%, up 2.2 points from a year earlier. Operating profit was $2.0M, a 17.3% margin (down 1.0 points year over year). Operating expenses grew 1% against a revenue fall of 20%. Net earnings were $2.1M, down 11% year over year. The effective tax rate was 23.6%. Non-operating items added $650K, 24% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $370K (down 90% year over year), 18% of net earnings. Non-cash charges added back $53K of depreciation and $44K of share-based compensation. Working capital and other items used $1.8M. Capital expenditures of $12K left free cash flow of $358K.
Questions
What was Nobility Homes' revenue in the fourth quarter fiscal 2024?
Nobility Homes (NOBH) reported revenue of $11.8M for the fourth quarter fiscal 2024 (Q4 FY24), -20% from a year earlier and -14% from the quarter before.
Was Nobility Homes profitable in the fourth quarter fiscal 2024?
Operating profit was $2.0M (17.3% of revenue) and net earnings $2.1M.
Source: Nobility Homes 10-K on SEC EDGAR.