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NOBILITY HOMES, INC. ANNOUNCES IMPROVEMENT IN SECOND QUARTER 1993 SALES AND EARNINGS

 OCALA, Fla., May 25 /PRNewswire/ -- Nobility Homes, Inc. (NASDAQ: NOBH) reports sales and earnings for the second quarter of fiscal 1993 continued to show strong improvement. Net sales increased 102 percent to $4,092,155 as compared to $2,037,776 for the second quarter of 1992. Net earnings for the period were $324,034 or $.31 per share vs. a loss of $192,769 or $.19 per share for the same period a year ago. The increased sales and earnings were a result of continued growth in the company's family market, caused in turn by favorable low interest rates, improvement in the economy, and increased consumer confidence.
 For the first six months of fiscal 1993 net sales were $8,810,415 up 72 percent from net sales of $5,118,207 in the first six months of 1992. Net earnings for the six-month period were $771,211 or $.74 per share, a 198 percent increase from a loss of $41,043 or $.04 per share in the comparable period in 1992.
 The company's sales results continue to reflect an improving market for its homes in Florida. We are reaching more family market buyers with a growing number of exclusive Nobility dealerships operated by affiliates of the company. We will continue to emphasize expansion of this exclusive dealership program in more Florida markets.
 In the interest of achieving increased shareholder value, management has aggressively presented the company to the investment public to inform them of the company's improved results and growth opportunities in Florida. We are pleased with the progress in reaching a larger national audience of investors and will continue the program to develop a broader market interest in the stock.
 Nobility's sales are projected to remain strong for the third quarter of fiscal 1993, which should result in continued strong earnings. With further improvements in the economy and consumer confidence, continued stabilization of the volatile lumber and plywood market, and an expanded exclusive dealer network, management remains optimistic for this fiscal year's results.
 NOBILITY HOMES, INC.
 STATEMENTS OF OPERATIONS
 (Unaudited)
 Three Months Ended Six Months Ended
 May 1, May 2, May 1, May 2,
 1993 1992 1993 1992
 Net sales $ 1,176,921 $ 815,993 $4,157,960 $2,224,994
 Net sales --
 related parties 2,915,234 1,221,783 4,652,455 2,893,213
 Total sales 4,092,155 2,037,776 8,810,415 5,118,207
 Cost of
 goods sold 3,447,111 1,953,417 7,372,659 4,553,604
 Gross Profit 645,044 84,359 1,437,756 564,603
 Selling, general
 and administrative
 expenses 337,836 211,780 698,032 381,367
 307,208 (127,421) 739,724 183,236
 Other income:
 Gain on sale
 of fixed assets --- 13,100 --- 13,100
 Interest income 14,500 34,468 29,000 38,329
 Interest expense (4,050) (4,050) (8,100) (8,100)
 Miscellaneous 6,376 3,056 10,587 15,290
 16,826 46,574 31,487 58,619
 324,034 (80,847) 771,211 241,855
 Provision for
 doubtful accounts --
 related parties --- (111,922) --- (282,898)
 Income (loss) before
 provision for
 income taxes
 and extraordinary
 item 324,034 (192,769) 771,211 (41,043)
 Provision for
 income taxes 122,000 --- 290,000 ---
 Income (loss) before
 extraordinary
 item 202,034 (192,769) 481,211 (41,043)
 Extraordinary item
 resulting from
 tax benefit from
 utilization of net
 operating loss
 carryforward 122,000 --- 290,000 ---
 Net income
 (loss) 324,034 (192,769) 771,211 (41,043)
 Retained earnings,
 beginning of
 period 3,782,301 3,281,142 3,335,124 3,129,416
 Retained earnings,
 end of period $4,106,335 $3,088,373 $4,106,335 $3,088,373
 Earnings per share:
 Income (loss) before
 extraordinary item .19 (.19) .46 (.04)
 Extraordinary item .12 --- .28 ---
 Net income (loss) .31 (.19) .74 (.04)
 Shares
 outstanding 1,034,838 1,034,838 1,034,838 1,034,838
 -0- 5/25/93
 /CONTACT: John Cramer, treasurer of Nobility Homes, Inc., 904-732-5157/
 (NOBH)


CO: Nobility Homes, Inc. ST: Florida IN: CST SU: ERN

SS-AW -- FL005 -- 2209 05/25/93 13:37 EDT
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Date:May 25, 1993
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