Forestar Group Inc. reported third-quarter FY2026 results with revenue of $407M, net income attributable to Forestar of $35.9M and diluted EPS of $0.7, each up versus the year‑ago quarter as the company continued to sell lots and tracts across its markets.
Financial Highlights
- Revenue was $407M, compared with $390.5M in the prior-year quarter; YoY change 4.2%.
- Net income was $35.9M, compared with $32.9M in the prior-year quarter; YoY change 9.1%.
- Diluted EPS was $0.7, compared with $0.65 in the prior-year quarter; YoY change 7.7%.
Business Highlights
- Consolidated year‑to‑date revenues rose 6% to $1.054B, driven by higher tract sales despite a 1% decline in lot sales revenue.
- Lot-sales mix remains heavily concentrated with D.R. Horton, accounting for about 87% of lots sold year‑to‑date; sales to non‑D.R. Horton buyers declined materially.
- Average lot price increased 8% YTD to $113K, reflecting regional mix shifts and a focus on more affordable price points.
- Operational throughput: 8,541 lots sold YTD; the company owns/controls approximately 91.7K lots, with 23.5K owned lots already under contract.
- Continued emphasis on entitled short‑duration development projects, lot banking and geographic diversification across 65 markets.
Original SEC Filing:
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