Forestar ( (FOR) ) has released its Q3 earnings. Here is a breakdown of the information Forestar presented to its investors.
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Forestar Group Inc., a prominent residential lot development company, operates across 64 markets in 23 states, specializing in providing finished lots essential for the homebuilding industry. In its fiscal 2025 third-quarter earnings report, Forestar reported a net income of $32.9 million, or $0.65 per diluted share, despite a 15% decrease from the previous year. The company saw a 23% increase in consolidated revenues, reaching $390.5 million, and an 11% rise in residential lots sold, totaling 3,605 lots. Forestar’s financial performance highlighted a 4% increase in revenues for the first nine months of fiscal 2025, amounting to $991.9 million, although net income decreased by 33% compared to the same period in fiscal 2024. The company maintained a strong liquidity position with $189.2 million in unrestricted cash and a net debt to total capital ratio of 28.9%. Forestar’s strategic relationship with D.R. Horton, the largest homebuilder in the U.S., continues to support its market position, with 25,700 lots contracted for sale, representing approximately $2.3 billion in future revenue. Looking ahead, Forestar remains focused on disciplined capital allocation and growth, with an updated lot delivery guidance of 14,500 to 15,000 lots for fiscal 2025, while maintaining its revenue guidance of $1.50 billion to $1.55 billion.