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Stock impact report

Forestar Reports Fourth Quarter and Fiscal 2024 Results

Forestar Group Inc (FOR) 
Last forestar group inc earnings: 4/23 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investor.forestargroup.com
Company Research Source: Business Wire
ARLINGTON, Texas--(BUSINESS WIRE)--Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its fourth quarter and fiscal year ended September 30, 2024.Fiscal 2024 Fourth Quarter HighlightsAll comparisons are year-over-yearNet income increased 13% to $81.6 million or $1.60 per diluted sharePre-tax income increased 14% to $108.5 million, with a pre-tax profit margin of 19.7%Revenues of $551.4 million on 5,374 lots soldFiscal 2024 HighlightsAll comparisons are year-over-yearNet income increased 22% to $203.4 million or $4.00 per diluted sharePre-tax income increased 22% to $270.1 million, with a pre-tax profit margin of 17.9%Revenues increased 5% to $1.5 billion on 15,068 lots soldOwned and controlled 95,100 lots at September 30, 2024Return on equity improved 60 basis points to 13.8%Book value per share increased 15% to $31.47Financial ResultsNet income for the fourth quarter of fiscal 2024 increased 13% to $81. Show less Read more
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