March 5, 2021
Business News

Forestar Reports Fiscal 2021 First Quarter Earnings of $0.46 Per Diluted Share


ARLINGTON, Texas–()–Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its first quarter ended December 31, 2020. Net income attributable to Forestar for the first quarter of fiscal 2021 increased 30% to $22.0 million, or $0.46 per diluted share, compared to $16.9 million, or $0.35 per diluted share, in the same quarter of fiscal 2020. Revenues for the first quarter of fiscal 2021 increased 24% to $307.1 million from $247.2 million in the same quarter of fiscal 2020. Residential lots sold in the quarter increased 47% to 3,567 lots compared to 2,422 lots in the same quarter of fiscal 2020.

The Company’s lot position at December 31, 2020…



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