Forestar Group (FOR) Tops Q2 EPS by 18c, Revenues Beat

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Go back to Forestar Group (FOR) Tops Q2 EPS by 18c, Revenues Beat

Forestar Reports Fiscal 2021 Second Quarter Earnings of $0.59 Per Diluted Share

April 20, 2021 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, 2021. Net income attributable to Forestar for the second quarter of fiscal 2021 increased 196% to $28.4 million, or $0.59 per diluted share, compared to $9.6 million, or $0.20 per diluted share, in the same quarter of fiscal 2020. Revenues for the second quarter of fiscal 2021 increased 80% to $287.1 million from $159.1 million in the same quarter of fiscal 2020. Residential lots sold in the quarter increased 84% to 3,588 lots compared to 1,951 lots in the same quarter of fiscal... More