D. R. Horton (DHI) Tops Q3 EPS by 33c, Beats on Revenue; Offers FY24 Revenue Guidance

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Go back to D. R. Horton (DHI) Tops Q3 EPS by 33c, Beats on Revenue; Offers FY24 Revenue Guidance

Forestar Reports Fiscal 2024 Third Quarter Results

July 18, 2024 6:30 AM 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, 2024.

Fiscal 2024 Third Quarter Highlights
All comparisons are year-over-year

Net income of $38.7 million or $0.76 per diluted share Pre-tax income of $51.6 million, with a pre-tax profit margin of 16.2% Consolidated revenues of $318.4 million on 3,255 lots sold Owned and controlled lots increased 40% to 102,100 lots Return on equity expanded 190 basis points to 13.8% for the trailing twelve months ended June 30,... More