earnings
confidence high
sentiment positive
materiality 0.65
Forestar Q3 net income up 9% to $35.9M; revenue +4% to $407M
Forestar Group Inc.
- Diluted EPS $0.70 vs $0.65 in prior year quarter; pre-tax income up 12% to $48.7M.
- Lots sold 3,659, up 1% YoY; owned and controlled 91,700 lots.
- Total liquidity $1.1B; net debt to total capital 17.7%; book value per share $36.40.
- FY2026 guidance maintained: 14,000-14,500 lot deliveries and $1.6B-$1.7B revenue.
- Lots sold to non-D.R. Horton customers fell to 289 from 530, partly due to lot banker sales.