earnings
confidence high
sentiment positive
materiality 0.75
Forestar posts Q4 net income up 82% to $44.0M; FY 2022 lot guidance 19,000-19,500
Forestar Group Inc.
2021-FY EPS reported
$2.25
revenue$1,325,800,000
- Q4 net income $44.0M ($0.89 diluted EPS) vs $24.2M ($0.50) YoY; revenue $418.7M (+20%).
- Fiscal 2021 net income $110.2M ($2.25 diluted EPS) vs $60.8M ($1.26); revenue $1.3B (+42%).
- Lots sold in Q4 up 23% to 4,902; fiscal year up 53% to 15,915 lots.
- Expects 19,000-19,500 lots delivered in fiscal 2022; lots owned/controlled up 60% to 97,000.
- Fiscal 2021 included $18.1M pre-tax loss on early redemption of 8.0% senior notes.