FOR
Forestar Group Inc.26.83
+0.17+0.64%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.36BP/E (TTM)
8.16Basic EPS (TTM)
3.29Dividend Yield
0%Recent Filings
10-K
8-K
Forestar's 2025 results mixed
Forestar Group Inc. reported fiscal 2025 results with net income of $167.9 million, down 17% from prior year amid fewer lots sold, yet revenues climbed 10% to $1.7 billion on 14,240 lots. The company bolstered its lot position to 99,800 owned and controlled, with $2.1 billion in contracted future revenue, while trimming debt by redeeming $70.6 million in notes. Strong Q4 drove book value per share up 11% to $34.78. Liquidity stands at $968.1 million.
10-Q
Q3 FY2025 results
Forestar's Q3 FY2025 revenues climbed 23% y/y to $390.5M, driven by 11% more lots sold at a 13% higher average price of $106,600, though gross margins slipped to 20.4% from 22.5% amid elevated development costs. Net income dipped 15% y/y to $32.9M, with diluted EPS steady at $0.65 on 51.0M shares, while YTD figures show 4% revenue growth to $991.9M but 33% lower net income of $81.0M and EPS of $1.59 versus prior year, pressured by a $1.1M debt extinguishment loss. Cash at $189.2M supports $602.8M revolver capacity, with total debt at $872.8M including new 6.5% notes due 2033 that funded partial 2026 notes repurchase. Lots owned hit 68,300, 82% tied to D.R. Horton. Derivative litigation over related-party deals lingers unresolved.
8-K
Q3 net income dips, revenues surge
Forestar Group Inc. reported fiscal 2025 third-quarter net income of $32.9 million, down 15% from last year, while revenues climbed 23% to $390.5 million on 11% more lots sold at 3,605. The company ended with 102,300 lots owned or controlled and $792.0 million in liquidity, but trimmed full-year lot delivery guidance to 14,500-15,000 amid affordability headwinds. Strong contracted revenue of $2.3 billion bolsters its D.R. Horton ties. Affordability constraints persist.
10-Q
Q2 FY2025 results
Forestar's Q2 FY2025 revenues climbed 5.1% y/y to $351.0M, driven by higher lot sales to non-D.R. Horton builders, while gross margin held at 22.6% despite elevated development costs. Net income fell 29.8% y/y to $31.6M, or $0.62 diluted EPS, reflecting a $1.1M loss on debt extinguishment and higher SG&A from workforce expansion. YTD, revenues dipped 5.9% y/y to $601.3M with net income down 42.2% to $48.1M, or $0.94 diluted EPS, as builders slowed starts amid affordability woes. Cash dropped to $174.3M after $469.8M operating outflow, offset by $162.7M financing inflow from issuing $500M 6.5% notes due 2033 to repurchase most 2026 notes; revolver availability stands at $617.7M with no covenant breaches. Lot position grew to 105,900 owned and controlled. Regulatory risks linger from stormwater suits in Maryland.
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