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

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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.

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Source: SEC EDGAR

accession 0001406587-24-000071

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