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Article Excerpt
OCALA, Fla., June 19 /PRNewswire-FirstCall/ -- Today Nobility Homes, Inc. announced sales and earnings results for its second quarter ended May 2, 2009. Sales for the second quarter of 2009 were $2,388,817 as compared to $8,700,899 recorded in second quarter of 2008. Loss from operations for the second quarter of 2009 was $884,242 versus income of $748,463 in the same period a year ago. The loss in the second quarter was increased by the closing of the retail sales center, the write-off of the goodwill and leasehold improvements plus the expenses associated with the temporary closing of the Belleview manufacturing facility. Net loss after taxes was $506,440 as compared to income of $587,738 for the same period last year. The net loss after taxes of $506,440 for the second quarter of 2009 came after deducting $121,126 in non-cash losses for our investment in two retirement community limited partnerships. Loss for the second quarter of 2009 was ($0.12) per share compared to diluted earnings of $0.14 per share last year.
For the first six months of fiscal 2009, sales were $5,950,299 as compared to sales of $16,869,451 in the first six months of 2008. Loss from operations for the first six months of 2009 was $1,404,065 versus income of $1,273,238 in the first six months of 2008. Net loss after taxes was $629,588 compared to income of $1,208,723 for the same six month period last year. The net loss after taxes of $629,588 for the first...
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