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), the largest homebuilder in the U.S., will report its financial results for the first quarter ending December 31, 2022 on January 24, 2023, prior to market open. A conference call will be held at 8:30 a.m. ET, accessible via dial-in and webcast. Participants can access the replay after 12:30 p.m. ET on the same day until January 31, 2023. D.R. Horton operates across 106 markets in 33 states and closed 83,518 homes in the last fiscal year.
Forestar Group Inc. reported strong financial results for the fourth quarter and fiscal year ended September 30, 2022. Net income for Q4 rose 15% to $50.8 million ($1.02/share), while fiscal year net income increased 62% to $178.8 million ($3.59/share). Total revenues for FY 2022 reached $1.5 billion, reflecting a 15% year-over-year growth. Despite a 20% drop in lots sold during Q4, total lots sold for the year increased by 11%. Forestar maintains a robust liquidity position with over $620 million available, positioning it well amidst challenging market conditions.
D.R. Horton reported its Fiscal 2022 fourth quarter results with a net income per diluted share of $4.67, up 26% year-over-year, contributing to a total net income of $1.6 billion. Consolidated revenues reached $9.6 billion, a 19% increase from the prior year. For the full year, net income per diluted share increased 45% to $16.51, and consolidated revenues were $33.5 billion, up 21%. However, net sales orders fell by 15% in Q4, indicating a potential shift in market demand due to rising mortgage rates.
Forestar Group Inc. (NYSE: FOR) announces the promotion of Mark Walker to Chief Operating Officer effective October 1, 2022. Mr. Walker, who joined the company in 2019, has overseen significant operations, accounting for 52% of lots sold in the last twelve months. His previous experience includes a Vice President role at D.R. Horton (NYSE: DHI). This promotion aims to strengthen leadership and enhance market share.
Forestar, based in Arlington, Texas, operates in 52 markets and delivered over 18,500 residential lots in the year ending June 30, 2022.
Forestar Group Inc. (NYSE: FOR) will release its financial results for the fourth quarter and fiscal year ended September 30, 2022, on November 9, 2022, after market close. A conference call will be held at 5:00 p.m. ET that day, with a dial-in number of 888-506-0062 and access code 446616. The call will also be webcast via the Company's investor site. Forestar operates in 52 markets across 22 states and delivered over 18,500 residential lots in the twelve months ending June 30, 2022. The company is a majority-owned subsidiary of D.R. Horton, Inc. (NYSE: DHI).
D.R. Horton, Inc. (NYSE:DHI), America's largest homebuilder, will announce its financial results for Q4 and fiscal year ended
D.R. Horton, Inc. (NYSE:DHI) announced the passing of longtime Board member Michael W. Hewatt on August 25, 2022. Mr. Hewatt joined the Board in 2005 and significantly contributed to the company’s growth, efficiency, and shareholder returns during his tenure. His leadership as the Chair of the Audit Committee spanned over a decade. The company expresses its gratitude for his service and extends condolences to his family. D.R. Horton remains a leading homebuilder in the U.S., having closed 81,469 homes in the year ending June 30, 2022.
D.R. Horton reported strong fiscal 2022 Q3 results, with net income per diluted share rising 53% to $4.67 and total net income increasing 48% to $1.6 billion. Consolidated revenues grew 21% to $8.8 billion, while pre-tax income also rose 54% to $2.2 billion, resulting in a pre-tax profit margin improvement to 24.8%. Though home sales revenues increased 18% to $8.3 billion, homes closed fell by 1% to 21,308. The company updated its full-year guidance, forecasting revenues of $33.8 billion to $34.6 billion.
Forestar Group reported a strong third quarter for fiscal 2022, with net income rising 151% to $39.7 million, or $0.80 per diluted share. Pre-tax income also increased 150% to $52.7 million, and the pre-tax profit margin improved by 1,040 basis points to 17.1%. Revenue totaled $308.5 million, down 1% year-over-year. Despite a 10% decline in lots sold this quarter, notable growth in non-D.R. Horton sales (up 213%) was recorded. Forestar maintains a strong liquidity position with $500.3 million available, though the company has adjusted its full-year guidance due to market conditions.
Forestar Group Inc. (NYSE: FOR) will release its financial results for Q3 ended June 30, 2022, on July 19, 2022, after market close. A conference call is scheduled for 5:00 p.m. ET that day, with a dial-in number of 888-506-0062 (access code 443294). A replay of the call will be available post-event at 877-481-4010 through July 26, 2022, along with a webcast on the company’s investor site.
Forestar operates in 53 markets across 23 states, delivering 19,064 residential lots over the past year, and is a majority-owned subsidiary of D.R. Horton, Inc. (NYSE: DHI).