Solid Financial Performance
Earnings per diluted share for the first quarter were $2.61. Consolidated pretax income was $1.1 billion on $7.6 billion of revenues with a pretax profit margin of 14.6%.
Strong Shareholder Returns
Returned $1.2 billion to shareholders through share repurchases and dividends over the past 12 months.
Improved Construction Cycle Times
Construction cycle times improved by approximately 3 weeks from a year ago, positioning the company to turn housing inventory faster in 2025.
Forestar Performance
Forestar reported revenues of $250 million for the first quarter on 2,333 lots sold with pretax income of $22 million.
Strong Financial Services Performance
Financial Services earned $49 million of pretax income in the first quarter on $182 million of revenues, resulting in a pretax profit margin of 26.7%.