Nobility Homes (NOBH) 8-K Nobility Homes, Inc. Announces Increase In Sales and Earnings for Its Third Quarter 2014

Exhibit 99.1

NOBILITY HOMES, INC. ANNOUNCES INCREASE IN SALES AND EARNINGS FOR ITS THIRD QUARTER 2014

Ocala, FL…September 15, 2014—Today Nobility Homes, Inc. (OTC MKTS: NOBH) announced sales and earnings results for its third quarter ended August 2, 2014. Sales for third quarter 2014 were up 12% to $5,346,639 as compared to $4,758,456 recorded in third quarter 2013. Income from operations was $289,126 versus $154,940 last year. Net income after taxes was $252,268 as compared to $121,501 last year. The net income after taxes for third quarter 2014 included a $96,668 non-cash loss from our investment in one retirement community limited partnership. Diluted earnings per share were $.06 per share compared to $.03 per share last year.

For the first nine months of fiscal 2014, sales were up 25% to $14,969,094 as compared to $11,973,742 for the first nine months of 2013. Income from operations was $678,940 versus $99,191 last year. Net income after taxes was $640,570 compared to $79,325 last year. The net income after taxes for the first nine months of 2014 included a $231,355 non-cash loss from our investment in one retirement community limited partnership. Diluted earnings per share were $0.16 per share compared to $.02 per share last year.

Nobility’s financial position for the first nine months of 2014 remains very strong with cash and cash equivalents and short term investments of $12,940,363 and no outstanding debt. Working capital is $22,191,124 and our ratio of current assets to current liabilities is 12.1:1. Stockholders’ equity is $35,897,004 and the book value per share of common stock increased to $8.84.

Terry Trexler, President, stated, “Our sales for the third quarter of 2014 were strong despite tight retail credit standards and uncertain economic conditions present in our country. According to the Florida Manufactured Housing Association, shipments in Florida for the period from November 2013 through July 2014 were up approximately 22% from the same period last year. We believe that the long-term demographic trends favor future growth in the Florida market area we serve, and that the current economic environment requires us to maintain our strong financial position for future growth and success.”

We have specialized for 47 years in the design and production of quality, affordable manufactured homes at our plant located in central Florida. With our multiple retail sales centers, an insurance subsidiary, and investments in retirement manufactured home communities, we are the only vertically integrated manufactured home company headquartered in Florida.

MANAGEMENT WILL NOT HOLD A CONFERENCE CALL. IF YOU HAVE ANY QUESTIONS, PLEASE CALL TERRY OR TOM TREXLER @ 800-476-6624 EXT 221 ORTERRY@NOBILITYHOMES.COM ORTOM@NOBILITYHOMES.COM

Certain statements in this report are forward-looking statements within the meaning of the federal securities laws. Although Nobility believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, there are risks and uncertainties that may cause actual results to differ materially from expectations. These risks and uncertainties include, but are not limited to, competitive pricing pressures at both the wholesale and retail levels, increasing material costs, continued excess retail inventory, increase in repossessions, changes in market demand, changes in interest rates, availability of financing for retail and wholesale purchasers, consumer confidence, adverse weather conditions that reduce sales at retail centers, the risk of manufacturing plant shutdowns due to storms or other factors, the impact of marketing and cost-management programs, reliance on the Florida economy, impact of labor shortage, impact of materials shortage, increasing labor cost, cyclical nature of the manufactured housing industry, impact of rising fuel costs, catastrophic events impacting insurance costs, availability of insurance coverage for various risks to Nobility, market demographics, management’s ability to attract and retain executive officers and key personnel, increased global tensions, market disruptions resulting from terrorist or other attack and any armed conflict involving the United States and the impact of inflation.

NOBILITY HOMES, INC.

Consolidated Balance Sheets

	August 2, 2014			November 2, 2013
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	12,459,002		$	10,468,453
Short-term investments		481,361			455,232
Accounts receivable - trade		1,388,588			2,701,057
Mortgage notes receivable, current		6,561			4,549
Income tax receivable		9,142			—
Inventories		6,116,856			5,043,816
Pre-owned homes, current		2,770,354			2,187,598
Prepaid expenses and other current assets		434,446			319,546
Deferred income taxes		522,227			656,461
Total current assets		24,188,537			21,836,712
Property, plant and equipment, net		3,987,570			3,731,463
Pre-owned homes		2,357,960			4,316,397
Mortgage notes receivable, long term		181,557			183,753
Other investments		2,812,831			2,938,273
Deferred income taxes		1,473,773			1,339,539
Other assets		2,892,189			2,804,484
Total assets	$	37,894,417		$	37,150,621
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	281,282		$	645,519
Accrued compensation		188,317			170,026
Accrued expenses and other current liabilities		520,091			614,368
Customer deposits		1,007,723			537,052
Total current liabilities		1,997,413			1,966,965
Commitments and contingent liabilities
Stockholders’ equity:
Preferred stock, $.10 par value, 500,000 sharesauthorized; none issued and outstanding		—			—
Common stock, $.10 par value, 10,000,000shares authorized; 5,364,907 shares issued		536,491			536,491
Additional paid in capital		10,640,294			10,632,060
Retained earnings		33,960,354			33,319,784
Accumulated other comprehensive income		266,507			240,378
Less treasury stock at cost, 1,303,363 shares in 2014 and1,307,854 shares in 2013		(9,506,642	)		(9,545,057	)
Total stockholders’ equity		35,897,004			35,183,656
Total liabilities and stockholders’ equity	$	37,894,417		$	37,150,621

NOBILITY HOMES, INC.

Consolidated Statements of Comprehensive Income

(Unaudited)

	Three Months Ended						Nine Months Ended
	August 2, 2014			August 3, 2013			August 2, 2014			August 3, 2013
Net sales	$	5,346,639		$	4,758,456		$	14,969,094		$	11,973,742
Cost of goods sold		(4,286,471	)		(3,854,816	)		(12,059,098	)		(9,946,333	)
Gross profit		1,060,168			903,640			2,909,996			2,027,409
Selling, general and administrative expenses		(771,042	)		(748,700	)		(2,231,056	)		(1,928,218	)
Operating income		289,126			154,940			678,940			99,191
Other income (loss):
Interest income		11,099			11,398			39,113			40,344
Undistributed earnings in joint venture - Majestic 21		34,105			29,180			105,913			89,380
Losses from investments in retirementcommunity limited partnerships		(96,668	)		(93,290	)		(231,355	)		(223,131	)
Miscellaneous		15,464			19,273			48,817			73,541
Total other loss		(36,000	)		(33,439	)		(37,512	)		(19,866	)
Income before provision for income taxes		253,126			121,501			641,428			79,325
Income tax		(858	)		—			(858	)		—
Net income		252,268			121,501			640,570			79,325
Other comprehensive income
Unrealized investment gain		21,306			96,497			26,129			141,127
Comprehensive income	$	273,574		$	217,998		$	666,699		$	220,452
Weighed average number of shares outstanding:
Basic		4,059,922			4,057,053			4,058,677			4,057,053
Diluted		4,062,024			4,057,053			4,060,244			4,057,053
Net income per share:
Basic	$	0.06		$	0.03		$	0.16		$	0.02
Diluted	$	0.06		$	0.03		$	0.16		$	0.02