Forestar Group (FOR) Tops Q1 EPS by 22c, Revenues Beat

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Go back to Forestar Group (FOR) Tops Q1 EPS by 22c, Revenues Beat

Forestar Reports Fiscal 2020 First Quarter Earnings of $0.35 Per Diluted Share

January 23, 2020 4:05 PM EST

ARLINGTON, Texas--(BUSINESS WIRE)-- Forestar Group Inc. ("Forestar") (NYSE: FOR), a leading national residential lot developer, today reported financial results for its first quarter ended December 31, 2019. Net income attributable to Forestar for the first quarter of fiscal 2020 increased 412% to $16.9 million, or $0.35 per diluted share, compared to $3.3 million, or $0.08 per diluted share in the same quarter of fiscal 2019. Revenues for the first quarter of fiscal 2020 increased 542% to $247.2 million from $38.5 million in the same quarter of fiscal 2019. Residential lots sold in the quarter increased 368% to 2,422 lots compared to 518 lots in the same quarter of fiscal... More