Forestar Group Inc. — fact timeline

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.

“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.”

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.

“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.”

Anthony W. Oxley was appointed as Director at Forestar Group Inc..

“On April 14, 2025, the Company’s Board of Directors (the “Board”) appointed Anthony W. Oxley, the Company’s President and Chief Executive Officer, to serve as a director on the Board.”

Forestar Group Inc. incurred senior notes of $500 million with U.S. Bank Trust Company, National Association at 6.500% per annum maturing March 15, 2033.

“completed an offering (the “Offering”) of $500 million in aggregate principal amount of its 6.500% Senior Notes due 2033”

Forestar Group Inc.: Increased the monetary threshold for certain investment decisions requiring Board approval or D.R. Horton consent (effective 2025-01-21).

“the Company filed a Certificate of Amendment to the Charter with the Secretary of State of the State of Delaware on January 21, 2025 (“Certificate of Amendment”), which became effective upon filing.”

George W. Seagraves, II was appointed as Director at Forestar Group Inc..

“Effective October 28, 2024, the Board appointed two new independent directors. The new directors are Ms. Kellie L. Fischer and Mr. George W. Seagraves, II.”

Kellie L. Fischer was appointed as Director at Forestar Group Inc..

“Effective October 28, 2024, the Board appointed two new independent directors. The new directors are Ms. Kellie L. Fischer and Mr. George W. Seagraves, II.”

G.F. (Rick) Ringler, III resigned as Director at Forestar Group Inc..

“Effective October 28, 2024, G.F. (Rick) Ringler, III, age 77, Director of Forestar Group Inc. ( the “Company” ), resigned from the Company’s Board of Directors ( the “Board” ), including his positions as a member of the Audit Committee and Compensation Committee and as Chair of the Nominating and Governance Committee.”

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

“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.”

Forestar Group Inc. reported first fiscal quarter ended December 31, 2023 results: revenue $305.9 million, net income $38.2 million, EPS $0.76 per diluted share.

“or $0.76 per diluted share • Pre-tax income increased 84% to $51.2 million • Pre-tax profit margin improved 380 basis points to 16.7% • Consolidated revenues increased 41% to $305.9 million • Residential lots sold increased 39% to 3,150 lots • Owned and controlled 82,400 lots • Return on equity of 14.1% for the trailing twelve months ended December 31, 2023 • Book”

Forestar Group Inc. shareholders approved Ratification of the Appointment of Ernst & Young LLP as the Company's Independent Registered Public Accounting Firm at the 2024-01-16 meeting.

“Proposal Three: Ratification of the Appointment of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm . Stockholders approved the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2024 based on the following votes.”

Forestar Group Inc. shareholders approved Advisory Vote on the Approval of Executive Compensation at the 2024-01-16 meeting.

“Proposal Two: Advisory Vote on the Approval of Executive Compensation . Stockholders approved the Company’s executive compensation based on the following votes.”

Forestar Group Inc. shareholders approved Election of Directors at the 2024-01-16 meeting.

“Proposal One: Election of Directors . Stockholders elected each of the following nominees as a director to hold office until the 2025 Annual Meeting and until his or her successor is duly elected and qualified based on the following votes.”

Daniel C. Bartok departed as President and Chief Executive Officer at Forestar Group Inc..

“effective January 1, 2024, Daniel C. Bartok, will step down from his role as the President and Chief Executive Officer of Forestar Group Inc.”

Anthony W. Oxley was appointed as President and Chief Executive Officer at Forestar Group Inc..

“On November 27, 2023, the Board of Directors appointed Anthony W. Oxley, age 59, as President and Chief Executive Officer, effective January 1, 2024.”

Daniel C. Bartok departed as President and Chief Executive Officer at Forestar Group Inc..

“On November 28, 2023, Forestar Group Inc. (“the Company”) announced the upcoming retirement of Daniel C. Bartok, President and Chief Executive Officer, effective January 1, 2024.”

Forestar Group Inc. reported fiscal year ended September 30, 2023 results: revenue $1.4 billion, net income $166.9 million, EPS $3.33 per diluted share.

“comparisons are year-over-year • Net income of $166.9 million or $3.33 per diluted share • Pre-tax income of $221.6 million, with a pre-tax profit margin of 15.4% • Revenues of $1.4 billion on 14,040 lots sold • Owned and controlled 79,200 lots at September 30, 2023 • Return on equity of 13.2% • Book value per share increased 14% to $27.43 Daniel Bartok, CEO, said,”

Forestar Group Inc. reported fourth quarter and fiscal year ended September 30, 2023 results: revenue $549.7 million, net income $72.4 million, EPS $1.44 per diluted share.

“increased 43% to $72.4 million or $1.44 per diluted share • Pre-tax income increased 44% to $95.4 million, with a pre-tax profit margin of 17.4% • Revenues increased 44% to $549.7 million on 4,986 lots sold Fiscal 2023 Highlights All comparisons are year-over-year • Net income of $166.9 million or $3.33 per diluted share • Pre-tax income of $221.6 million, with a”

Forestar Group Inc. reported nine months ended June 30, 2023 results: revenue $887.1 million, net income $94.5 million, EPS $1.89 per diluted share.

“Net income for the nine months ended June 30, 2023 decreased 26% to $94.5 million, or $1.89 per diluted share, compared to $128.0 million, or $2.57 per diluted share, in the same period of fiscal 2022. Pre-tax income for the nine months ended June 30, 2023 decreased 26% to $126.2 million from $169.4 million in the same period of fiscal 2022. The nine months ended June 30, 2023 included $19.4 million of pre-tax real estate impairment charges to cost of sales compared to $3.8 million in the same period of fiscal 2022. Revenues for the nine months ended June 30, 2023 decreased 22% to $887.1 million from $1.1 billion in the same period of fiscal 2022.”

Forestar Group Inc. reported third quarter ended June 30, 2023 results: revenue $368.9 million, net income $46.8 million, EPS $0.93 per diluted share.

“Net income for the third quarter of fiscal 2023 increased 18% to $46.8 million, or $0.93 per diluted share, compared to $39.7 million, or $0.80 per diluted share, in the same quarter of fiscal 2022. Pre-tax income for the quarter increased 18% to $62.4 million from $52.7 million in the same quarter of fiscal 2022. Revenues for the quarter increased 20% to $368.9 million from $308.5 million in the same quarter of fiscal 2022.”

Forestar Group Inc. reported second quarter ended March 31, 2023 results: revenue $301.5 million, net income $26.9 million or $0.54 per diluted share, EPS $0.54 per diluted share.

“attributable to Forestar totaled $26.9 million or $0.54 per diluted share • Pre-tax income of $35.9 million, with a pre-tax profit margin of 11.9% • Consolidated revenues of $301.5 million on 2,979 lots sold • Owned and controlled 76,400 lots • Return on equity of 11.7% for the trailing twelve months ended March 31, 2023 • Book value per share increased 12% to”

Elizabeth "Betsy" Parmer was appointed as director at Forestar Group Inc..

“On March 1, 2023, the Company’s Board of Directors (the “Board”) appointed Elizabeth “Betsy” Parmer to serve as a director, effective immediately.”

Donald C. Spitzer resigned as Director at Forestar Group Inc..

“On February 21, 2023, Donald C. Spitzer, age 73, Director of Forestar Group Inc. (the “Company”), resigned from the Board of Directors, the Audit Committee, Compensation Committee and Nominating and Governance Committee on which he served.”

Forestar Group Inc. reported first quarter ended December 31, 2022 results: revenue $216.7 million, net income $20.8 million, EPS $0.42 per diluted share.

“Net income attributable to Forestar for the first quarter of fiscal 2023 decreased 49% to $20.8 million, or $0.42 per diluted share, compared to $40.5 million, or $0.81 per diluted share, in the same quarter of fiscal 2022. Pre-tax income for the quarter decreased 48% to $27.9 million from $53.5 million in the same quarter of fiscal 2022. Revenues for the quarter decreased 47% to $216.7 million from $407.6 million in the same quarter of fiscal 2022.”

Forestar Group Inc. shareholders approved Advisory vote on the frequency of future advisory votes on executive compensation at the 2023-01-17 meeting.

“Proposal Five: Advisory Vote on the Frequency of Future Advisory Votes on Executive Compensation . Stockholders approved the frequency of future advisory votes on executive compensation based on the following votes. 1 Year 2 Years 3 Years Abstain 45,183,934 59,466 1,087,999 10,237”

Forestar Group Inc. shareholders approved Approval of the 2022 Employee Stock Purchase Plan at the 2023-01-17 meeting.

“Proposal Four: Approval of the 2022 Employee Stock Purchase Plan . Stockholders approved the 2022 Employee Stock Purchase Plan based on the following votes. For Against Abstain Broker Non-Votes 46,245,247 89,306 7,083 1,384,553”

Forestar Group Inc. shareholders approved Ratification of appointment of Ernst & Young LLP as independent registered public accounting firm at the 2023-01-17 meeting.

“Proposal Three: Ratification of Appointment of Ernst & Young LLP as the Company’s Independent Registered Public Accounting Firm . Stockholders approved the ratification of the appointment of Ernst & Young LLP as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2023 based on the following votes. For Against Abstain 47,625,038 96,518 4,633”

Forestar Group Inc. shareholders approved Advisory vote on the approval of executive compensation at the 2023-01-17 meeting.

“Proposal Two: Advisory Vote on the Approval of Executive Compensation . Stockholders approved the Company’s executive compensation based on the following votes. For Against Abstain Broker Non-Votes 45,435,099 862,885 43,652 1,384,553”

Forestar Group Inc. shareholders approved Election of five director nominees at the 2023-01-17 meeting.

“Proposal One: Election of Directors . Stockholders elected each of the following nominees as a director to hold office until the 2024 Annual Meeting and until his or her successor is duly elected and qualified based on the following votes. Nominee For Against Abstain Broker Non-Votes Samuel R. Fuller 45,781,735 546,828 13,073 1,384,553 Lisa H. Jamieson 45,796,938 536,675 8,023 1,384,553 G.F. (Rick) Ringler, III 43,316,557 2,395,367 629,712 1,384,553 Donald C. Spitzer 45,734,855 593,727 13,054 1,384,553 Donald J. Tomnitz 46,285,374 43,095 13,167 1,384,553”

Forestar Group Inc. reported financial results for fourth quarter and fiscal year ended September 30, 2022.

“On November 9, 2022, Forestar Group Inc. issued a press release announcing its results and related information for its fourth quarter and fiscal year ended September 30, 2022.”

Forestar Group Inc. amended credit facility with JPMorgan Chase Bank, N.A., as administrative agent at replace the LIBOR-based interest rate applicable to borrowings under the Credit maturing October 28, 2026.

“the Administrative Agent and the Lenders party thereto agreed to extend the Revolving Credit Facility Termination Date to October 28, 2026 and replace the LIBOR-based interest rate applicable to borrowings under the Credit Agreement with SOFR-based interest rates”

Forestar Group Inc. amended Amendment No. 3 with JPMorgan Chase Bank, N.A., as administrative agent (effective 2022-10-28).

“Effective October 28, 2022, Forestar Group Inc. (the “ Borrower ”) and JPMorgan Chase Bank, N.A., as administrative agent (“ JPMorgan ” or “ Administrative Agent ”) and the Lenders entered into Amendment No. 3 (the “ Amendment No. 3 ”) to the Credit Agreement dated as of August 16, 2018 as amended prior to the date hereof (as so amended, the “ Credit Agreement ”).”

Mark S. Walker was appointed as Executive Vice President and Chief Operating Officer at Forestar Group Inc..

“appointed and promoted Mark S. Walker, age 45, to the office of Executive Vice President and Chief Operating Officer of the Company, effective October 1, 2022.”