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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.
Revenues increased 76% to $312.9 million.
Pre-tax income increased 105% to $21.1 million.
Owned and controlled lots increased 91% to 96,600 lots.
Net income attributable to Forestar increased 56% to $15.8 million.
Forestar expects to deliver between 15,500 and 16,000 lots in fiscal 2021.
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