Forestar Earnings Reports

Forestar delivered higher revenues and more residential lots compared to Q2 2024, but profitability fell due to higher costs and reduced homebuyer confidence. The company issued new debt and bought back older notes to strengthen its balance sheet.

Forestar Group Inc. reported a decrease in net income to $16.5 million and revenues to $250.4 million for the first quarter of fiscal 2025. The company sold 2,333 lots and invested $684.4 million in land acquisition and development.

Forestar Group Inc. reported a strong fourth quarter with a 13% increase in net income to $81.6 million and revenues of $551.4 million. The company sold 5,374 lots during the quarter and ended the year with a lot position of 95,100 lots.

Forestar's Q3 2024 results showed a decrease in net income and revenue compared to the same quarter last year. However, the company maintained a strong pre-tax profit margin and significantly increased its owned and controlled lot position. The company now expects to deliver between 14,600 and 15,100 lots and generate $1.4 billion to $1.5 billion in revenue for fiscal year 2024.

Forestar Group Inc. reported a strong second quarter with a 67% increase in net income to $45.0 million and an 11% increase in consolidated revenues to $333.8 million. The company sold 3,289 residential lots, a 10% increase year-over-year, and pre-tax income increased 64% to $58.9 million.

Forestar Group Inc. reported a strong first quarter in fiscal year 2024, with net income increasing by 84% to $38.2 million and revenues increasing by 41% to $305.9 million. The company sold 3,150 residential lots, a 39% increase compared to the same quarter of the previous year. Forestar's strategic focus and strong balance sheet position them well to capitalize on the constrained supply of vacant developed lots.

Forestar reported a strong fourth quarter with a 44% increase in pre-tax income to $95.4 million on revenues of $549.7 million. The company sold 4,986 lots, demonstrating the resilience of the new home market and builder demand. For the full fiscal year, Forestar generated $221.6 million of pre-tax income on revenues of $1.4 billion.

Forestar Group Inc. reported an 18% increase in net income to $46.8 million, or $0.93 per diluted share, and a 20% increase in consolidated revenues to $368.9 million for the third quarter of fiscal 2023. The company sold 3,812 lots during the quarter.

Forestar Group Inc. reported a decrease in net income attributable to Forestar to $26.9 million, or $0.54 per diluted share, and a decrease in revenues to $301.5 million for the second quarter ended March 31, 2023. The company's pre-tax income also decreased to $35.9 million. Despite the transitioning housing market, the company maintained a strong balance sheet and adapted to changing builder demand.

Forestar reported a decrease in net income and revenue for the first quarter of fiscal year 2023, with net income attributable to Forestar totaling $20.8 million and revenues of $216.7 million. The company's gross profit margin increased to 21.9%, and pre-tax profit margin was 12.9%.

Forestar Group Inc. reported strong fourth-quarter and fiscal year 2022 results. Net income attributable to Forestar increased 15% to $50.8 million, or $1.02 per diluted share. Pre-tax income increased 13% to $66.4 million. Revenues for the quarter decreased 9% to $381.4 million.

Forestar Group Inc. reported financial results for the third fiscal quarter ended June 30, 2022. Net income attributable to Forestar increased 151% to $39.7 million, or $0.80 per diluted share. Revenues for the third quarter decreased 1% to $308.5 million.

Forestar Group Inc. reported a significant increase in financial performance for the second quarter of fiscal year 2022. Net income attributable to Forestar increased by 68% to $47.8 million, and revenues increased by 47% to $421.6 million. The company sold 5,788 residential lots, a 61% increase compared to the same quarter of the previous year.

Forestar Group Inc. reported a significant increase in net income, pre-tax income, and revenues for the first quarter of fiscal 2022. Net income attributable to Forestar increased by 84% to $40.5 million, and revenues increased by 33% to $407.6 million, driven by a 27% increase in residential lots sold.

Forestar reported a record quarter and fiscal year, with net income attributable to Forestar increasing 82% to $44.0 million, or $0.89 per diluted share, revenues increasing 20% to $418.7 million, and residential lots sold increasing 23% to 4,902 lots compared to the prior year period.

Forestar reported a strong Q3 2021 with a 76% increase in revenues to $312.9 million and a 56% increase in net income to $15.8 million, driven by a 91% increase in lots sold. The company's lot position increased by 91% to 96,600 lots.

Forestar Group Inc. reported a significant increase in financial performance for the second quarter of fiscal 2021. Net income attributable to Forestar increased by 196% to $28.4 million, or $0.59 per diluted share. Revenues increased by 80% to $287.1 million, driven by an 84% increase in residential lots sold, reaching 3,588 lots.

Forestar reported a strong start to fiscal year 2021, with a 24% increase in revenues to $307.1 million and a 30% increase in net income to $22.0 million, or $0.46 per diluted share, compared to the same quarter of fiscal 2020. The company also increased residential lots sold by 47% to 3,567 lots.

Forestar Group Inc. reported a substantial increase in financial performance for the fourth quarter of fiscal year 2020. Net income attributable to Forestar increased by 91% to $24.2 million, or $0.50 per diluted share. Revenues increased by 47% to $347.6 million, and residential lots sold surged by 108% to 3,977 lots.

Forestar Group Inc. reported a strong third quarter with a 102% increase in revenues to $177.9 million and a 46% increase in net income to $10.1 million, driven by a 75% increase in residential lots sold.

Forestar Group Inc. reported a significant increase in revenue and residential lots sold for the second quarter of fiscal 2020. Revenue increased by 144% to $159.1 million, and residential lots sold increased by 256% to 1,951 lots. Net income attributable to Forestar was $9.6 million, or $0.20 per diluted share.

Forestar Group Inc. reported a significant increase in financial results for the first quarter of fiscal 2020. Net income attributable to Forestar increased by 412% to $16.9 million, with revenues increasing by 542% to $247.2 million. The number of residential lots sold also saw a substantial rise, increasing by 368% to 2,422 lots.