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NOBILITY HOMES, INC. ANNOUNCES A 53 PERCENT SALES GAIN IN FIRST QUARTER RESULTS

 OCALA, Fla., Feb. 25 /PRNewswire/ -- Nobility Homes, Inc. (NASDAQ: NOBH) today announced sales results for its first quarter ended Jan. 31, 1993. Sales in the first quarter increased 53 percent to $4,718,000 as compared to $3,080,431 recorded in the first quarter of fiscal 1992. Terry Trexler, president, stated that "These sales results reflect an improving market for our products brought about in part by favorable interest rates and an improvement in both the economy and consumer confidence. Furthermore, this quarter reflects our first sizeable contract for emergency housing for South Florida where the aftermath of Hurricane Andrew's destruction has created heavy demand for manufactured homes.
 "Business continues to be strong in the second quarter of the 1993 fiscal year and the company expects to report a significant increase in sales in that quarter as well," stated Trexler.
 Nobility Homes, Inc. has specialized for the past 25 years in the design and production of quality, affordable, manufactured homes at its two plants located in Central Florida.
 -0- 2/25/93
 /CONTACT: John Cramer, treasurer of Nobility Homes, Inc., 904-732-5157/
 (NOBH)


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

JB-AW -- FL007 -- 7721 02/25/93 12:08 EST
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Publication:PR Newswire
Date:Feb 25, 1993
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