Forestar Q2 net income up 2% to $32.1M; lot deliveries guidance trimmed

Forestar Group Inc.

2026-Q2 EPS reported $0.93 revenue$647,300,000

Net income $32.1M ($0.63 diluted EPS) vs $31.6M ($0.62) in prior-year quarter.
Revenue $374.3M, up 7% YoY; lots sold 2,938, down 14% from 3,411.
Liquidity $1.0B (cash $362.2M + revolver capacity $672.1M); net debt to capital 19.2%.
Fiscal 2026 lot delivery guidance narrowed to 14,000-14,500 from 14,000-15,000; revenue guidance reaffirmed $1.6-1.7B.
Book value per share up 10% to $35.66; 24,100 lots under contract representing $2.2B future 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 the second fiscal quarter ended March 31, 2026 results: revenue $374.3 million, net income $32.1 million, EPS $0.63 per diluted share. Guidance lowered.

Period: the second fiscal quarter ended March 31, 2026
Revenue: $374.3 million
Net income: $32.1 million
EPS: $0.63 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Net income attributable to Forestar for the second quarter of fiscal 2026 increased 2% to $32.1 million, or $0.63 per diluted share, compared to $31.6 million, or $0.62 per diluted share, in the same quarter of fiscal 2025. Pre-tax income for the quarter increased 8% to $43.9 million from $40.7 million in the same quarter of fiscal 2025. Revenues for the second quarter increased 7% to $374.3 million from $351.0 million in the same quarter of fiscal 2025.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Forestar Group Inc. reported the six months ended March 31, 2026 results: revenue $647.3 million, net income $47.5 million, EPS $0.93 per diluted share. Guidance lowered.

Period: the six months ended March 31, 2026
Revenue: $647.3 million
Net income: $47.5 million
EPS: $0.93 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

For the six months ended March 31, 2026, net income attributable to Forestar decreased 1% to $47.5 million, or $0.93 per diluted share, compared to $48.1 million, or $0.94 per diluted share, in the same period of fiscal 2025. Pre-tax income for the six months ended March 31, 2026 increased 4% to $64.8 million from $62.6 million in the same period of fiscal 2025. Revenues for the first six months of fiscal 2026 increased 8% to $647.3 million from $601.3 million in the same period of fiscal 2025.

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Source: SEC EDGAR

accession 0001628280-26-026197

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