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Mar 31, 2021
Forestar Q2 2021 Earnings Report
Reported a strong second quarter with increased revenue and net income.
Key Takeaways
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.
Net income attributable to Forestar increased 196% to $28.4 million, or $0.59 per diluted share.
Revenues increased 80% to $287.1 million.
Residential lots sold increased 84% to 3,588 lots.
Lot position increased 62% to 84,500 lots.
Revenue by Segment
Forward Guidance
Forestar now expects to deliver between 14,500 and 15,000 lots in fiscal 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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