Forestar Group (FOR) Tops Q1 EPS by 14c

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Go back to Forestar Group (FOR) Tops Q1 EPS by 14c

Forestar Reports Fiscal 2022 First Quarter Results

January 27, 2022 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 fiscal quarter ended December 31, 2021.

Fiscal 2022 First Quarter Highlights

All comparisons are year-over-year, unless otherwise noted

Net income attributable to Forestar increased 84% to $40.5 million or $0.81 per diluted share Pre-tax income increased 83% to $53.5 million, while pre-tax profit margin increased 360 basis points to 13.1% Revenues increased 33% to $407.6 million Residential lots sold in the quarter increased 27% to 4,516 lots Owned and controlled lots increased 33% to... More