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NOBILITY HOMES REPORTS 1992 EARNINGS

 OCALA, Fla., Feb. 10 /PRNewswire/ -- Nobility Homes, Inc. (NASDAQ: NOBH) today released its 1992 YTD earnings as follows:
 NOBILITY HOMES, INC.
 For the years ended Oct. 31, 1992, Nov. 2, 1991 and Oct. 27, 1990
 1992 1991 1990
 Net sales $3,778,567 $4,913,940 $8,847,587
 Net sales --
 Related parties 5,966,264 4,740,754 2,093,928
 Total sales 9,744,831 9,654,694 10,941,515
 Cost of
 goods sold 8,797,699 8,556,960 9,807,303
 Gross profit 947,132 1,097,734 1,134,212
 Selling, general
 and administrative
 expenses 844,488 1,092,616 1,090,017
 102,644 5,118 44,195
 Other income (expense):
 Interest income 85,262 101,588 164,102
 Interest expense (16,200) (16,200) (16,200)
 Gain (loss) on sale
 of property
 and equipment 3,433 (1,174) 152,048
 Gain on sale of
 limited partnerships
 to related parties 207,000 206,189 292,614
 Miscellaneous 18,149 17,069 143,154
 Total other income 297,644 307,472 735,718
 400,288 312,590 779,913
 Provision for
 doubtful accounts --
 related parties (194,580) (1,724,174) ---
 Income (loss) before
 provision for income
 taxes and
 extraordinary item 205,708 (1,411,584) 779,913
 Provision for
 income taxes 78,519 --- 305,000
 Income (loss) before
 extraordinary item 127,189 (1,411,584) 474,913
 Extraordinary item --
 tax benefit
 from utilization
 of net operating
 loss carryforward 78,519 --- 295,200
 Net income (loss) $ 205,708 $(1,411,584) $ 770,113
 Earnings (loss) per share:
 Income (loss) before
 extraordinary item $ .12 $ (1.35) $ .45
 Extraordinary item .08 --- .28
 Net income (loss) $ .20 $ (1.35) $ .73
 FOURTH QUARTER ENDED OCT. 31, 1992
 Net Sales 2,596,784
 Income Before Extraordinary Item 281,551
 Net Income 315,070
 Earnings Per Share:
 Income Before Extraordinary Item 0.27
 Extraordinary Item 0.04
 FOURTH QUARTER ENDED NOV. 2, 1991
 Net Sales 2,974,181
 Loss Before Extraordinary Item (1,018,000)
 Net Loss (1,018,000)
 Loss Per Share:
 Loss Before Extraordinary Item (0.98)
 Extraordinary Item 0.00
 -0- 2/10/93
 /CONTACT: John Cramer, treasurer of Nobility Homes, Inc., 904-732-5157/
 (NOBH)


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

AW-JJ -- FL001 -- 5096 02/10/93 11:07 EST
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Publication:PR Newswire
Date:Feb 10, 1993
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