Forestar Group (FOR) Tops Q2 EPS by 5c

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Go back to Forestar Group (FOR) Tops Q2 EPS by 5c

Forestar Reports Fiscal 2020 Second Quarter Earnings of $0.20 Per Diluted Share

April 23, 2020 4:05 PM EDT

ARLINGTON, Texas--(BUSINESS WIRE)-- Forestar Group Inc. ("Forestar") (NYSE: FOR), a leading national residential lot developer, today reported financial results for its second quarter ended March 31, 2020. Net income attributable to Forestar for the second quarter of fiscal 2020 was $9.6 million, or $0.20 per diluted share, compared to $10.1 million, or $0.24 per diluted share, in the same quarter of fiscal 2019. Revenues for the second quarter of fiscal 2020 increased 144% to $159.1 million from $65.3 million in the same quarter of fiscal 2019. Residential lots sold in the quarter increased 256% to 1,951 lots compared to 548 lots in the same quarter of fiscal... More