Forestar Group (FOR) Tops Q4 EPS by 27c

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Go back to Forestar Group (FOR) Tops Q4 EPS by 27c

Forestar Reports Fiscal 2020 Fourth Quarter Earnings of $0.50 Per Diluted Share

November 5, 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 fourth quarter ended September 30, 2020. Net income attributable to Forestar for the fourth quarter of fiscal 2020 increased 91% to $24.2 million, or $0.50 per diluted share, compared to $12.7 million, or $0.30 per diluted share, in the same quarter of fiscal 2019. Revenues for the fourth quarter of fiscal 2020 increased 47% to $347.6 million from $236.3 million in the same quarter of fiscal 2019. Residential lots sold in the quarter increased 108% to 3,977 lots compared to 1,908 lots in the same quarter of fiscal... More