Forestar Reports Fiscal 2024 First Quarter Results
Forestar Group Inc (FOR)
Last forestar group inc earnings: 4/23 04:05 pm
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US:NYSE Investor Relations:
investor.forestargroup.com
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Source: Business Wire
ARLINGTON, Texas--(BUSINESS WIRE)--Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its first fiscal quarter ended December 31, 2023.Fiscal 2024 First Quarter HighlightsAll comparisons are year-over-yearNet income increased 84% to $38.2 million or $0.76 per diluted sharePre-tax income increased 84% to $51.2 millionPre-tax profit margin improved 380 basis points to 16.7%Consolidated revenues increased 41% to $305.9 millionResidential lots sold increased 39% to 3,150 lotsOwned and controlled 82,400 lotsReturn on equity of 14.1% for the trailing twelve months ended December 31, 2023Book value per share increased 15% to $28.21Net debt to total capital ratio improved to 14.9%Financial ResultsNet income for the first quarter of fiscal 2024 increased 84% to $38.2 million, or $0.76 per diluted share, compared to $20.8 million, or $0.42 per diluted share, in the same quarter of fiscal 2023. Pre-tax income for t
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News
- Forestar Group Inc. (NYSE: FOR) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
- Will Weakness in Forestar Group Inc.'s (NYSE:FOR) Stock Prove Temporary Given Strong Fundamentals? [Yahoo! Finance]Yahoo! Finance
- Why Forestar Group Stock Was Sinking This Week [Yahoo! Finance]Yahoo! Finance
- Forestar Group Inc. (NYSE:FOR) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Forestar Reports Fiscal 2024 Second Quarter ResultsBusiness Wire
FOR
Earnings
- 4/18/24 - Beat
FOR
Sec Filings
- 5/1/24 - Form 4
- 4/23/24 - Form 10-Q
- 4/18/24 - Form SC
- FOR's page on the SEC website