earnings
confidence high
sentiment negative
materiality 0.75
Forestar Q2 net income down 30% to $31.6M; cuts FY25 lot guidance to 15,000-15,500
Forestar Group Inc.
2025-Q2 EPS
reported $0.94
vs consensus $0.75
▲ beat
(+26.0%)
- Diluted EPS $0.62 vs $0.89 YoY; pre-tax income $40.7M (-31%); revenue $351M (+5%).
- Lots sold increased 4% to 3,411; 910 lots to non-D.R. Horton customers vs 184.
- Issued $500M 6.50% notes due 2033; used proceeds to tender $329.4M of 3.85% notes.
- Guidance cut: expects 15,000-15,500 lots and $1.5B-$1.55B revenue (prior 16,000-16,500 lots, $1.6B-$1.65B).
- Book value per share up 11% to $32.36; ROE 10.7%; liquidity $792M.