Forestar Group Reports Q2 Revenue Growth and Increased Pre-Tax Income
Forestar Group reported Q2 revenue of $374.3 million, up 7% year-over-year, with pre-tax income rising 8% to $43.9 million. The company sold 2,938 lots at an average price of $112,800 and raised its book value per share by 10% to $35.66. Management updated its 2026 lot delivery guidance to 14,000–14,500 lots while maintaining revenue guidance of $1.6–1.7 billion.
Topics: Backlog Earnings Housing Market Inventory Management Profit Revenue