Forestar Group (FOR) Tops Q2 EPS by 26c

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Go back to Forestar Group (FOR) Tops Q2 EPS by 26c

Forestar Reports Fiscal 2022 Second Quarter Results

April 21, 2022 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 fiscal quarter ended March 31, 2022.

Fiscal 2022 Second Quarter Highlights

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

Net income attributable to Forestar increased 68% to $47.8 million or $0.96 per diluted share Pre-tax income increased 68% to $63.2 million, while pre-tax profit margin increased 190 basis points to 15.0% Revenues increased 47% to $421.6 million Residential lots sold in the quarter... More