Forestar Group Inc.

Forestar Group Inc. Q1 2026 Earnings Recap

FOR Q1 2026 January 20, 2026

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Forestar Group Inc. reported robust first-quarter revenue growth of 9% to $273 million, despite a slight decline in net income, showcasing resilience amid challenging market conditions.

Earnings Per Share Beat
$0.30 vs $0.21 est.
+42.9% surprise
Revenue Beat
273000000 vs 265580600 est.
+2.8% surprise

Market Reaction

1-Day -5.04%
5-Day -9.6%
30-Day +10.62%

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Key Takeaways

  • Net income decreased to $15.4 million, or $0.30 per diluted share, while revenues rose 9% year-over-year.
  • Strong contracted backlog of $2.2 billion, indicating stable future revenue generation.
  • Liquidity remains solid at $820 million, with disciplined investments: 75% in land development and 25% in acquisitions.
  • Average sales price of delivered lots impacted by mix; gross profit margin at 20.1%, adjusted gross margin would be 21.5% excluding low-margin track sale.
  • Continued strategic partnership growth with D.R. Horton, aiming for one-third of homes sold to be on Forestar-developed lots.
This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit FOR on AllInvestView.

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