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Stock impact report

Forestar Reports Select Preliminary Fiscal 2020 Second Quarter 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
Company to Release Full 2020 Second Quarter Results on April 23, 2020 ARLINGTON, Texas--(BUSINESS WIRE)--Forestar Group Inc. ("Forestar") (NYSE: FOR), a leading national residential lot developer, today reported select preliminary results for its second quarter and six months ended March 31, 2020.Revenues for the second quarter of fiscal 2020 increased 144% to $159.1 million from $65.3 million in the same quarter of fiscal 2019. Residential lots sold in the quarter increased 256% to 1,951 lots compared to 548 lots in the same quarter of fiscal 2019.Revenues for the six months ended March 31, 2020 increased 292% to $406.4 million from $103.8 million in the same period of fiscal 2019. Residential lots sold in the first six months of fiscal 2020 increased 310% to 4,373 lots compared to 1,066 lots sold in the same period of fiscal 2019.The Company ended the second quarter with $438.2 million of unrestricted cash and $349.0 million of available borrowing capacity on its senior unsecured Show less Read more
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