Forestar Group (FOR) Misses Q3 EPS by 1c

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Forestar Reports Fiscal 2022 Third Quarter Results

July 19, 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 third fiscal quarter ended June 30, 2022.

Fiscal 2022 Third Quarter Highlights
All comparisons are year-over-year, unless otherwise noted

Net income attributable to Forestar increased 151% to $39.7 million or $0.80 per diluted share Pre-tax income increased 150% to $52.7 million, while pre-tax profit margin increased 1,040 basis points to 17.1% Excluding an $18.1 million loss on extinguishment of debt incurred in the prior year quarter, pre-tax income increased 34% and... More