Loading...
•
Mar 31, 2020
Forestar Q2 2020 Earnings Report
Reported fiscal 2020 second quarter earnings with increased revenue and lot sales.
Key Takeaways
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.
Revenue increased 144% to $159.1 million compared to the same quarter last year.
Residential lots sold increased 256% to 1,951 lots.
Net income attributable to Forestar was $9.6 million, or $0.20 per diluted share.
The company ended the quarter with $438.2 million of unrestricted cash and $787.2 million in total liquidity.
Forward Guidance
Due to the current uncertainty in the U.S. economy and the Company's business operations resulting from COVID-19, the Company has withdrawn its previously issued guidance for both fiscal 2020 and 2021.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...