Forestar Q2 net income up 67% to $45M ($0.89 EPS); revenue +11% to $333.8M

Forestar Group Inc.

2024-Q2 EPS reported $1.65 revenue$639,700,000

Pre-tax income increased 64% to $58.9M; pre-tax margin of 17.6%.
Residential lots sold up 10% to 3,289 lots; owned + controlled lots up 26% to 96,100.
Return on equity expanded 320 bps to 14.9% for trailing twelve months.
Net debt to total capital ratio of 16.4%; total liquidity of $798.2M.
FY 2024 outlook affirms 14,500-15,500 lots delivered with $1.4-1.5B revenue.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Forestar Group Inc. reported second fiscal quarter ended March 31, 2024 results: net income $45.0 million, EPS $0.89 per diluted share.

Period: second fiscal quarter ended March 31, 2024
Net income: $45.0 million
EPS: $0.89 per diluted share
Result: reported results

Exact text from the filing

On April 18, 2024, Forestar Group Inc. issued a press release announcing its results and related information for its second quarter ended March 31, 2024.

View on SEC.gov

1344 earnings releases filed in the last 30 days. Browse all earnings releases →

Forestar Group Inc. filing history →

Source: SEC EDGAR

accession 0001406587-24-000071

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.