D. R. Horton (DHI) Tops Q1 EPS by 51c

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Forestar Reports Fiscal 2023 First Quarter Results

January 24, 2023 6:30 AM EST

ARLINGTON, Texas--(BUSINESS WIRE)-- Forestar Group Inc. (Forestar) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its first quarter ended December 31, 2022.

Fiscal 2023 First Quarter Highlights
All comparisons are year-over-year

Net income attributable to Forestar totaled $20.8 million or $0.42 per diluted share Pre-tax income of $27.9 million, with a pre-tax profit margin of 12.9% Consolidated revenues of $216.7 million on 2,263 lots sold Owned and controlled 82,300 lots Return on equity of 13.9% for the trailing twelve months ended December 31, 2022, an improvement of 70 basis... More