Welcome to our dedicated page for Forestar Group news (Ticker: FOR), a resource for investors and traders seeking the latest updates and insights on Forestar Group stock.
Forestar Group Inc. (NYSE: FOR) is a residential lot development company that reports detailed operating and financial results through regular news releases and SEC filings. As a national residential lot developer with operations in 64 markets across 23 states and a base in Arlington, Texas, Forestar provides updates on its residential lot sales, revenues, pre-tax income, lot position and contracted future revenue.
News about Forestar often centers on quarterly and annual earnings, including consolidated revenues, net income and pre-tax profit margins, along with the number of residential lots sold through development and lot banking projects. The company also reports on its owned and controlled lot position, the share of lots under contract to be sold, the number of fully developed lots, and lots subject to a right of first offer to D.R. Horton. These disclosures give insight into Forestar’s development pipeline and future revenue potential.
Investors and analysts following FOR news can also see updates on capital structure, leverage and liquidity, such as unrestricted cash balances, available borrowing capacity on the senior unsecured revolving credit facility, total debt and net debt to total capital. Forestar’s releases frequently discuss its return on equity, book value per share and multi-year trends in revenues and earnings per share.
Because Forestar is a majority-owned subsidiary of D.R. Horton, its results are also discussed within D.R. Horton’s broader earnings communications. Those materials describe Forestar’s contribution as a publicly traded residential lot development company and provide additional context on how Forestar’s lot deliveries support homebuilding operations. Readers interested in FOR news can use this page to monitor earnings announcements, operational updates and other material company communications over time.
D.R. Horton, Inc. (NYSE:DHI), a leading U.S. homebuilder, will announce its financial results for Q1 ended December 31, 2021, on February 2, 2022, before market opens. A conference call will take place at 8:30 a.m. ET on the same day, with a replay available post-call until February 9, 2022. D.R. Horton, founded in 1978, operates in 98 markets across 31 states and was the largest homebuilder by volume in the U.S. in 2021, closing 81,965 homes in its fiscal year ending September 30, 2021.
D.R. Horton reported strong fiscal 2021 results, with net income per share increasing 78% to $11.41 and revenues rising 37% to $27.8 billion. In Q4, net income per diluted share rose 65% to $3.70, and revenues grew 27% to $8.1 billion. Homes closed increased by 25% to 81,965 for the year, indicating robust market demand. Despite a 33% drop in net sales orders in Q4, the company maintained a 17% cancellation rate. D.R. Horton aims for fiscal 2022 revenues between $32.5 billion and $33.5 billion, planning to close 90,000 to 92,000 homes.
Forestar Group reported robust financial results for the fourth quarter and fiscal year ended September 30, 2021. Net income surged 82% in Q4 to $44 million ($0.89/share) and by 81% for the fiscal year to $110.2 million ($2.25/share). Revenues rose 20% in Q4 to $418.7 million, and 42% annually to $1.3 billion, driven by a 23% and 53% increase in residential lots sold, respectively. The company controlled 97,000 lots, with 33% under contract to D.R. Horton, representing $1.6 billion in future revenue. The outlook for 2022 anticipates 19,000 to 19,500 lot deliveries.
Forestar Group Inc. (NYSE: FOR) will release its financial results for the fourth quarter and fiscal year ended September 30, 2021, on November 4, 2021, after market close. The company will also host a conference call at 5:00 p.m. ET on the same day. Forestar, a residential lot development company, operates in 55 markets across 22 states and delivered 14,990 residential lots in the year ending June 30, 2021. It is a majority-owned subsidiary of D.R. Horton, Inc. (NYSE: DHI), the largest homebuilder in the U.S.
Forestar Group reported a robust fiscal Q3 2021, with revenues soaring 76% to $312.9 million and net income increasing 56% to $15.8 million, or $0.32 per diluted share. Pre-tax income surged 105% to $21.1 million, despite an $18.1 million loss on debt extinguishment. The company controlled 96,600 lots, a 91% increase, with significant contracts pending with D.R. Horton, amounting to at least $1.6 billion in future revenue. Looking ahead, Forestar expects to deliver 15,500 to 16,000 lots in fiscal 2021, reinforcing its strong market position.
Forestar Group Inc. (NYSE: FOR) will announce its third-quarter financial results for the period ending June 30, 2021, on July 20, 2021, after market close. A conference call is scheduled for 5:00 p.m. ET on the same day, with the dial-in number being 877-407-9205. A replay of the call will be available post-event and can be accessed through the Company's website. Forestar operates in 54 markets across 22 states, delivering 13,155 residential lots for the twelve-month period ending March 31, 2021. The company is a majority-owned subsidiary of D.R. Horton, the largest U.S. homebuilder.
Forestar Group reported a strong second quarter for fiscal 2021, with net income soaring 196% to $28.4 million or $0.59 per diluted share.
Revenue jumped 80% to $287.1 million, driven by an 84% increase in residential lots sold, totaling 3,588 lots compared to 1,951 lots year-over-year. For the first half of fiscal 2021, net income rose 91% to $50.4 million, with revenues up 46% to $594.2 million.
The company's lot position increased 62% to 84,500 lots, strengthening its market position and growth outlook.
Forestar Group Inc. (NYSE: FOR) announced a pricing of $400 million in 3.850% senior unsecured notes due 2026. The offering is intended for qualified institutional buyers and will close on April 21, 2021. Proceeds from the notes will be used to redeem existing 8.000% Senior Notes due 2024, with any excess funding general corporate purposes, including land acquisition and development. The notes rank equally with existing senior unsecured debt, maturing on May 15, 2026.
Forestar Group Inc. (NYSE: FOR) announced its financial results for Q2 ending March 31, 2021, will be released on April 20, 2021, post-market close. A conference call will follow at 5:00 p.m. ET, accessible via dial-in and webcast. The company, a leader in residential lot development, operates in 51 markets across 21 states, delivering 11,518 lots in 2020. Forestar is a subsidiary of D.R. Horton, Inc., the largest U.S. homebuilder by volume.
Forestar Group reported a strong first quarter of fiscal 2021, with net income rising 30% to $22.0 million or $0.46 per diluted share, compared to $16.9 million in the same year-ago period. Revenues increased 24% to $307.1 million, driven by a 47% increase in residential lots sold, totaling 3,567 lots. The company’s lot position grew 74% year-over-year to 77,500 lots. Forestar maintains strong liquidity with $576.9 million available and low debt levels, poised for continued growth amid favorable housing market conditions.