FOR

ARLINGTON, Texas, May 19, 2026--(BUSINESS WIRE)--As previously announced, Forestar Group Inc. (NYSE: FOR) will release financial results for its third quarter ended June 30, 2026 on Tuesday, July 21, 2026 before the market opens. The Company will host a conference call that morning at 11:00 a.m. Eastern Time (ET). The dial-in number is 888-506-0062. When calling, please reference access code 153808. Participants are encouraged to call in five minutes before the call begins (10:55 a.m. ET). The call will also be webcast from the Company’s website at investor.forestar.com. A replay of the call will be available after 3:00 p.m. ET on Tuesday, July 21, 2026 at 877-481-4010. When calling, please reference replay passcode 53946. The teleconference replay will be available through July 28, 2026. The webcast replay will be available from the Company’s website at investor.forestar.com through November 15, 2026. About Forestar Group Inc. Forestar Group Inc. is a residential lot development company with operations in 64 markets and 24 states. Based in Arlington, Texas, the Company delivered more than 13,300 residential lots during the twelve-month period ended March 31, 2026. Forestar is a majority-owned subsidiary of D.R. Horton, Inc., the largest homebuilder by volume in the United States since 2002. View source version on businesswire.com: https://www.businesswire.com/news/home/20260519361433/en/ Contacts Chris Hibbetts, 817-769-1860Vice President of Finance & Investor [email protected]

In April 2026, Forestar Group Inc. reported second-quarter sales of US$374.3 million and net income of US$32.1 million, while maintaining its fiscal 2026 revenue outlook at US$1.6 billion to US$1.7 billion and slightly narrowing expected lot deliveries to 14,000–14,500. The combination of steady year-over-year earnings, higher sales, and an unchanged revenue range despite a trimmed upper-end lot delivery outlook offers a nuanced read on demand and operational discipline in Forestar’s land development business. We’ll now examine how maintaining full-year revenue guidance despite tighter lot delivery expectations may influence Forestar Group’s existing investment narrative. Uncover the next big thing with 24 elite penny stocks that balance risk and reward. To own Forestar Group, you need to believe in sustained demand for residential lots and the company’s ability to monetize its land pipeline efficiently, despite customer and housing-cycle risks. The latest quarter’s slightly higher sales and essentially flat earnings, alongside maintained full-year revenue guidance but a modestly lower lot delivery range, do not materially shift the near-term story: the key catalyst remains execution on its contracted backlog, while customer concentration with D.R. Horton continues to be the main overhang. The most relevant recent announcement is the confirmation of fiscal 2026 revenue guidance at US$1.6 billion to US$1.7 billion, even as lot delivery expectations were tightened to 14,000–14,500. In the context of earlier discussions about moderating margins and dependence on D.R. Horton, keeping the top-line outlook intact suggests Forestar is leaning on pricing, mix, or backlog quality to support revenue, which matters directly for how you think about the durability of its current investment thesis. Yet beneath that steady guidance, investors should still be thinking hard about the concentration risk tied to D.R. Horton and what happens if... Read the full narrative on Forestar Group (it's free!) Forestar Group's narrative projects $1.9 billion revenue and $187.4 million earnings by 2029. Uncover how Forestar Group's forecasts yield a $33.00 fair value, a 20% upside to its current price. Some of the most optimistic analysts were assuming Forestar could reach about US$2.0 billion of revenue and US$210.0 million of earnings, but this quarter’s slightly trimmed lot outlook sh...

Forestar Group's first quarter results met Wall Street expectations, with management attributing performance to disciplined inventory investments and operational flexibility amid persistent home affordability challenges. CEO Andy Oxley highlighted that “persistent affordability constraints and cautious consumer sentiment continue to impact the pace of new home sales,” leading the company to focus on maximizing returns and turning inventory efficiently. Management also cited the strength of its national footprint and ability to provide finished lots to homebuilders as key contributors to consistent results. Is now the time to buy FOR? Find out in our full research report (it’s free). Revenue: $374.3 million vs analyst estimates of $374.1 million (6.6% year-on-year growth, in line) Adjusted EPS: $0.63 vs analyst estimates of $0.63 (in line) Adjusted EBITDA: $43 million vs analyst estimates of $45.5 million (11.5% margin, 5.5% miss) The company reconfirmed its revenue guidance for the full year of $1.65 billion at the midpoint Operating Margin: 11.3%, in line with the same quarter last year Sales Volumes fell 13.9% year on year (3.7% in the same quarter last year) Market Capitalization: $1.45 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Ryan Gilbert (BTIG) asked about market share goals amid a reduction in controlled lots. CEO Andy Oxley responded that the company expects to return to stronger lot closings as builder inventory normalizes. Ryan Gilbert (BTIG) inquired about the nature of land option charges. Oxley explained these were concentrated in a handful of communities and that the company remains disciplined, only pursuing acquisitions aligned with internal standards. Ryan Gilbert (BTIG) questioned the potential for share repurchases given the company’s cash position. CFO Jim Allen reiterated that prioritizing investment in future growth remains the preferred use of cash, but liquidity provides flexibility. Trevor Allinson (Wolfe Research) asked about demand trends from non-D.R. Horton builders, noting a year-over-year decline. Oxley and Allen clarified that demand remains strong but timing of communit...

Revenue growth of 7% was supported by 2,938 lot sales, despite persistent affordability constraints and cautious consumer sentiment impacting the broader new home sales pace. Management is prioritizing inventory turnover and return maximization over aggressive expansion to navigate current market volatility and maintain a strong balance sheet. The company's capital structure is cited as a primary competitive advantage, as project-level development loans for competitors have become more expensive and restrictive. Operational efficiency efforts led to an 8% year-over-year headcount reduction, aimed at managing SG&A expenses while maintaining national footprint capabilities. Strategic alignment with D.R. Horton remains a core driver, with a long-term goal for Forestar to provide one out of every three lots D.R. Horton sells. Underwriting discipline is maintained through a strict requirement for a minimum 15% pre-tax return and a full cash investment recovery within 36 months. Fiscal 2026 lot delivery guidance was narrowed to 14,000 to 14,500 lots, while revenue guidance remains steady at $1.6 billion to $1.7 billion. The company plans to invest approximately $1.4 billion in land acquisition and development for the full year, subject to evolving market conditions. Management expects a return to stronger volume growth in future periods, supported by a current lot position of 94,400 lots and a $2.2 billion revenue backlog. Headcount is expected to remain relatively flat for the remainder of the year to support future growth initiatives without inflating the cost structure. Capital allocation will remain flexible, with management monitoring local market conditions across 200 active projects to balance sales pace and pricing. Gross profit margin of 21.4% included $6.3 million in planned option charges and pre-acquisition write-offs, up from $0.9 million in the prior-year quarter. Infrastructure cost reimbursements from utility and improvement districts contributed $130.9 million to liquidity during the quarter. The company increased its senior unsecured revolving credit facility capacity by $50 million, contributing to total liquidity exceeding $1 billion. Management flagged that project-level land acquisition loans are becoming less available for competitors, potentially accelerating Forestar's market share gains. Management explained that builders have been workin...

Image source: The Motley Fool. Tuesday, April 21, 2026 at 11 a.m. ET Chief Executive Officer — Andy Oxley Chief Financial Officer — Jim Allen Chief Operating Officer — Mark Walker Need a quote from a Motley Fool analyst? Email [email protected] Andy Oxley: Thanks, Chris. Good morning, everyone. I am also joined on the call today by Jim Allen, our Chief Financial Officer, and Mark Walker, our Chief Operating Officer. The Forestar Group Inc. team achieved solid second quarter results, generating revenues of $374.3 million, a 7% increase from the prior-year quarter, on 2,938 lots sold. Our pre-tax income increased 8% from the prior-year quarter to $43.9 million. Our book value per share increased 10% from a year ago to $35.66, and our contracted backlog remains strong with visibility towards $2.2 billion of future revenue. Persistent affordability constraints and cautious consumer sentiment continue to impact the pace of new home sales. In response, we are managing our inventory investments with discipline and flexibility, which allowed us to end the quarter with more than $1 billion of liquidity. We remain focused on turning our inventory, maximizing returns, and consolidating market share in the highly fragmented lot development industry. Our unique combination of financial strength, operating expertise, and a diverse national footprint enables us to consistently provide essential finished lots to homebuilders and navigate current market conditions effectively. We will now discuss our second quarter financial results in more detail. Jim. Jim Allen: Thank you, Andy. In the second quarter, net income attributable to Forestar Group Inc. 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 prior-year quarter. Our pre-tax income increased 8% to $43.9 million, compared to $40.7 million in the second quarter of last year, and our pre-tax profit margin this quarter was 11.7% versus 11.6% in the prior-year quarter. Revenues for the second quarter increased 7% to $374.3 million, compared to $351.0 million in the prior-year quarter. The current quarter includes $42.9 million in tract sales and other revenue, which was primarily from sales of residential and commercial tracts and, to a lesser extent, the sale of a multifamily site. Mark. Mark Walker: We sold 2,938 lots in the quarter, with an average sales pri...

This article first appeared on GuruFocus. Revenue: $374.3 million, a 7% increase from the prior-year quarter. Pre-Tax Income: $43.9 million, an 8% increase from the prior-year quarter. Net Income: $32.1 million, a 2% increase from the prior-year quarter. Gross Profit Margin: 21.4%, compared to 22.6% in the prior-year quarter. SG&A Expense: $37.9 million, a 1% decline from the prior-year quarter. Liquidity: Over $1 billion, including $362 million in unrestricted cash. Book Value Per Share: $35.66, a 10% increase from the prior year. Lots Sold: 2,938 lots with an average sale price of $112,800. Lot Position: 94,400 lots, with 67% owned and 33% controlled through purchase contracts. Contracted Backlog: Visibility towards $2.2 billion of future revenue. Land and Land Development Investment: Approximately $279 million in the second quarter. Net Debt to Capital Ratio: 19.2%. Warning! GuruFocus has detected 3 Warning Signs with FOR. Is FOR fairly valued? Test your thesis with our free DCF calculator. Release Date: April 21, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Forestar Group Inc (NYSE:FOR) achieved a 7% increase in revenues to $374.3 million compared to the prior-year quarter. Pre-tax income rose by 8% to $43.9 million, indicating improved profitability. The company ended the quarter with more than $1 billion in liquidity, showcasing strong financial health. Forestar's book value per share increased by 10% from a year ago, reaching $35.66. The company maintains a strong contracted backlog with visibility towards $2.2 billion of future revenue. Persistent affordability constraints and cautious consumer sentiment are impacting the pace of new home sales. Gross profit margin decreased to 21.4% from 22.6% in the same quarter last year. Land option charges increased significantly to $6.3 million compared to $900,000 in the prior-year quarter. Sales to builders other than D.R. Horton were down close to 50% year-over-year. Forestar's gross margins could be impacted by rising fuel prices, although no immediate cost increases have been observed. Q: Can you discuss your goals for market share in light of the reduction in controlled lots over recent quarters? A: Anthony Oxley, President, Chief Executive Officer: We have seen home builders work through their lot inventories, and with accelerating starts and s...

Forestar Group (FOR) came out with quarterly earnings of $0.63 per share, missing the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -12.50%. A quarter ago, it was expected that this real estate and natural resources developer would post earnings of $0.21 per share when it actually produced earnings of $0.3, delivering a surprise of +42.86%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Forestar Group, which belongs to the Zacks Real Estate - Development industry, posted revenues of $374.3 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 5.66%. This compares to year-ago revenues of $351 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Forestar Group shares have added about 7.4% since the beginning of the year versus the S&P 500's gain of 3.9%. While Forestar Group has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Forestar Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complet...

Forestar Group (FOR) reported fiscal Q2 earnings Tuesday of $0.63 per diluted share, up from $0.62 a

Q2 results: Forestar reported revenue of $374.3 million (up 7%) and pre-tax income of $43.9 million, sold 2,938 lots at an average price of $112,800, and said book value per share rose 10% to $35.66 with visibility to about $2.2 billion of future revenue from contracted backlog. Outlook and discipline: Management updated fiscal 2026 lot delivery guidance to 14,000–14,500 lots while maintaining revenue guidance of $1.6–1.7 billion, warning of near-term affordability headwinds but stressing disciplined underwriting and long-term confidence in demand. Liquidity, investment, and customer mix: Forestar ended the quarter with more than $1 billion of liquidity (including $362 million cash and $672 million revolver), plans roughly $1.4 billion of land investment in FY2026, and remains dependent on D.R. Horton while working to broaden builder relationships. Interested in Forestar Group Inc? Here are five stocks we like better. Forestar Group (NYSE:FOR) reported higher revenue and profit in its fiscal second quarter, while executives cited ongoing affordability pressures in the housing market and said the company is managing inventory investments with “discipline and flexibility.” President and CEO Andy Oxley said the company generated revenue of $374.3 million, up 7% from the prior-year quarter, on 2,938 lots sold. Pre-tax income rose 8% year over year to $43.9 million, and book value per share increased 10% from a year ago to $35.66. Oxley also pointed to “visibility towards $2.2 billion of future revenue” through the company’s contracted backlog. → Credo Stock Flashes Strong Bullish Signal—Upswing Just Starting Chief Financial Officer Jim Allen said net income attributable to Forestar increased 2% to $32.1 million, or $0.63 per diluted share, compared with $31.6 million, or $0.62 per diluted share, in the prior-year quarter. Allen said pre-tax profit margin was 11.7%, compared with 11.6% a year earlier. Revenue of $374.3 million included $42.9 million in tract sales and other revenue, which Allen said was “primarily from sales of residential and commercial tracts,” and “to a lesser extent,” a second sale of a multifamily site. → Allbirds Exits Shoes, Pivots to AI With NewBird Rebrand Chief Operating Officer Mark Walker said Forestar sold 2,938 lots at an average sales price of $112,800, adding that the company expects quarterly fluctuations in average pricing based...

ARLINGTON, Texas (AP) — ARLINGTON, Texas (AP) — Forestar Group Inc. (FOR) on Tuesday reported profit of $32.1 million in its fiscal second quarter. The Arlington, Texas-based company said it had net income of 63 cents per share. The real estate and natural resources developer posted revenue of $374.3 million in the period. Forestar Group expects full-year revenue in the range of $1.6 billion to $1.7 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FOR at https://www.zacks.com/ap/FOR

ARLINGTON, Texas, April 21, 2026--(BUSINESS WIRE)--Forestar Group Inc. ("Forestar") (NYSE: FOR), a leading national residential lot developer, today reported financial results for its second fiscal quarter ended March 31, 2026. Fiscal 2026 Second Quarter Highlights As of or for the quarter ended March 31, 2026, unless otherwise noted All comparisons to the prior year quarter Net income attributable to Forestar increased 2% to $32.1 million or $0.63 per diluted share Pre-tax income increased 8% to $43.9 million Consolidated revenues increased 7% to $374.3 million on 2,938 lots sold Owned and controlled 94,400 lots 24,100 lots contracted for sale representing $2.2 billion of future revenue Real estate of $2.7 billion Total liquidity of $1.0 billion Net debt to total capital ratio of 19.2% Return on equity of 9.6% for the trailing twelve months ended March 31, 2026 Book value per share increased 10% to $35.66 Financial Results 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. 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. The Company’s return on equity was 9.6% for the trailing twelve months ended March 31, 2026. Return on equity is calculated as net income attributable to Forestar for the trailing twelve months divided by average stockholders’ equity, where average stockholders’ equity is the sum of ending stockholders’ equity balances of the trailing five quarters divided by five. Operational Results Lots sold during the second quarter decreased 14% to 2,938 lots compared to 3,411 lots in the same quarter of fisca...