Forestar Group

D.R. Horton, Inc., America's Builder, Reports Fiscal 2024 Second Quarter Earnings and Declares Quarterly Dividend of $0.30 Per Share

Retrieved on: 
Thursday, April 18, 2024
Interior Design, Architecture, Other Construction & Property, Residential Building & Real Estate, Construction & Property, Urban Planning, Landscape, Forestar Group, Bank statement, DHI, ROI, D. R. Horton, ROE, Housing, Video game

Horton for its second fiscal quarter ended March 31, 2024 increased 29% to $3.52 per diluted share compared to $2.73 per diluted share in the same quarter of fiscal 2023.

Key Points: 
  • Horton for its second fiscal quarter ended March 31, 2024 increased 29% to $3.52 per diluted share compared to $2.73 per diluted share in the same quarter of fiscal 2023.
  • Horton in the second quarter of fiscal 2024 increased 24% to $1.2 billion compared to $942.2 million in the same quarter of fiscal 2023.
  • Consolidated revenues in the second quarter of fiscal 2024 increased 14% to $9.1 billion compared to $8.0 billion in the same quarter of fiscal 2023.
  • Horton team delivered solid results in the second fiscal quarter of 2024, highlighted by earnings of $3.52 per diluted share.

Forestar Reports Fiscal 2024 Second Quarter Results

Retrieved on: 
Thursday, April 18, 2024
Construction & Property, Residential Building & Real Estate, Forestar Group, Sale, Growth, Auction

Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its second fiscal quarter ended March 31, 2024.

Key Points: 
  • Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its second fiscal quarter ended March 31, 2024.
  • Lots sold during the second quarter increased 10% to 3,289 lots compared to 2,979 lots in the same quarter of fiscal 2023.
  • During the second quarter of fiscal 2024, Forestar sold 184 lots to customers other than D.R.
  • Donald J. Tomnitz, Chairman of the Board, said, “Demand for finished lots remained solid during the second quarter of fiscal 2024.

D.R. Horton, Inc., America’s Builder, Reports Fiscal 2024 First Quarter Earnings and Declares Quarterly Dividend of $0.30 Per Share

Retrieved on: 
Tuesday, January 23, 2024
Commercial Building & Real Estate, Construction & Property, Urban Planning, REIT, Landscape, Interior Design, Building Systems, Architecture, Other Construction & Property, Residential Building & Real Estate, Bank statement, ROE, Housing, Forestar Group, D. R. Horton, DHI, Consolidated, ROI, Video game

Horton for its first fiscal quarter ended December 31, 2023 increased 2% to $2.82 per diluted share compared to $2.76 per diluted share in the same quarter of fiscal 2023.

Key Points: 
  • Horton for its first fiscal quarter ended December 31, 2023 increased 2% to $2.82 per diluted share compared to $2.76 per diluted share in the same quarter of fiscal 2023.
  • Horton in the first quarter of fiscal 2024 decreased 1% to $947.4 million compared to $958.7 million in the same quarter of fiscal 2023.
  • Consolidated revenues in the first quarter of fiscal 2024 increased 6% to $7.7 billion compared to $7.3 billion in the same quarter of fiscal 2023.
  • Horton team delivered solid results in the first fiscal quarter of 2024, highlighted by earnings of $2.82 per diluted share.

Forestar Reports Fiscal 2024 First Quarter Results

Retrieved on: 
Tuesday, January 23, 2024
Construction & Property, Residential Building & Real Estate, Sale, Growth, Forestar Group, Auction

Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its first fiscal quarter ended December 31, 2023.

Key Points: 
  • Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its first fiscal quarter ended December 31, 2023.
  • Pre-tax income for the quarter increased 84% to $51.2 million from $27.9 million in the same quarter of fiscal 2023.
  • Lots sold during the first quarter increased 39% to 3,150 lots compared to 2,263 lots in the same quarter of fiscal 2023.
  • During the first quarter of fiscal 2024, Forestar sold 316 lots to customers other than D.R.

FORESTAR GROUP INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates Forestar Group, Inc. – FOR

Retrieved on: 
Saturday, January 6, 2024
Class Action Lawsuit, Professional Services, Legal, Forestar Group, KSF

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Forestar Group, Inc. (NYSE: FOR) (“Forestar” or the “Company”) in connection with certain of Forestar’s transactions (the “Transactions”) with its controlling stockholder, D.R.

Key Points: 
  • Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Forestar Group, Inc. (NYSE: FOR) (“Forestar” or the “Company”) in connection with certain of Forestar’s transactions (the “Transactions”) with its controlling stockholder, D.R.
  • The purpose of KSF’s investigation is to determine whether Forestar’s officers and board of directors breached their fiduciary duties to the Company and its stockholders in connection with the potentially conflicted Transactions.
  • About Kahn Swick & Foti, LLC
    KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.
  • KSF has offices in New York, California, Louisiana and New Jersey.

Forestar Names Anthony W. Oxley as Incoming CEO and Announces Retirement of Daniel C. Bartok

Retrieved on: 
Tuesday, November 28, 2023
Other Construction & Property, Residential Building & Real Estate, Construction & Property, Building Systems, REIT, Landscape, University of Northern Iowa, Acquisition, NYSE, Business development, Senior, Forestar Group, Emory University, D. R. Horton, Division, University, Partnership, P.C, Retirement, Growth, Management

Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today announced the retirement of Daniel (Dan) C. Bartok and the appointment of Anthony (Andy) W. Oxley as President and Chief Executive Officer (CEO), effective January 1, 2024.

Key Points: 
  • Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today announced the retirement of Daniel (Dan) C. Bartok and the appointment of Anthony (Andy) W. Oxley as President and Chief Executive Officer (CEO), effective January 1, 2024.
  • Bartok will support Forestar in a consulting role for an extended period to ensure a seamless transition.
  • Donald J. Tomnitz, Chairman of the Board, said, “I’d like to express our gratitude to Dan for all of his significant contributions to Forestar.
  • During Dan’s tenure as CEO, Forestar has achieved tremendous growth and become a leading residential lot developer in the United States.

D.R. Horton, Inc., America’s Builder, Reports Fourth Quarter and Fiscal 2023 Earnings and Increases Quarterly Dividend to $0.30 Per Share

Retrieved on: 
Tuesday, November 7, 2023
Other Construction & Property, Residential Building & Real Estate, Construction & Property, Consolidated, Forestar Group, Housing, NYSE, ROE, ROI, DHI, Bank statement, D. R. Horton, Health insurance, Holding company, Video game, Security (finance)

Horton, Inc. (NYSE:DHI), America’s Builder, today reported net income of $4.45 per diluted share for its fourth fiscal quarter ended September 30, 2023 compared to $4.67 per diluted share in the same quarter of fiscal 2022.

Key Points: 
  • Horton, Inc. (NYSE:DHI), America’s Builder, today reported net income of $4.45 per diluted share for its fourth fiscal quarter ended September 30, 2023 compared to $4.67 per diluted share in the same quarter of fiscal 2022.
  • Net income in the fourth quarter of fiscal 2023 was $1.5 billion compared to $1.6 billion in the same quarter of fiscal 2022.
  • For the fiscal year ended September 30, 2023, net income per common share decreased 16% to $13.82 per diluted share compared to $16.51 per diluted share in fiscal 2022.
  • Consolidated revenues in the fourth quarter of fiscal 2023 increased 9% to $10.5 billion compared to $9.6 billion in the same quarter of fiscal 2022.

Forestar Reports Fourth Quarter and Fiscal 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Construction & Property, Residential Building & Real Estate, Forestar Group, Growth, Sale, NYSE, Life insurance, Video game, Real estate, Security (finance), Auction

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, 2023.

Key Points: 
  • 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, 2023.
  • Pre-tax income for the quarter increased 44% to $95.4 million from $66.4 million in the same quarter of fiscal 2022.
  • Fiscal 2023 results include $19.4 million of pre-tax real estate impairment charges to cost of sales compared to $3.8 million in fiscal 2022.
  • During the fourth quarter of fiscal 2023, Forestar sold 684 lots to customers other than D.R.

D.R. Horton, Inc., America’s Builder, Reports Fiscal 2023 Third Quarter Earnings and Declares Quarterly Dividend of $0.25 Per Share

Retrieved on: 
Thursday, July 20, 2023
Other Construction & Property, Residential Building & Real Estate, Construction & Property, D. R. Horton, Housing, Bank statement, DHI, Forestar Group, EPS, Consolidated, ROI, ROE, NYSE, Health insurance, Video game, Self storage

Horton for its third fiscal quarter ended June 30, 2023 decreased 16% to $3.90 per diluted share compared to $4.67 per diluted share in the same quarter of fiscal 2022.

Key Points: 
  • Horton for its third fiscal quarter ended June 30, 2023 decreased 16% to $3.90 per diluted share compared to $4.67 per diluted share in the same quarter of fiscal 2022.
  • Horton in the third quarter of fiscal 2023 decreased 19% to $1.3 billion compared to $1.6 billion in the same quarter of fiscal 2022.
  • Homebuilding revenue for the third quarter of fiscal 2023 increased 5% to $8.7 billion compared to $8.3 billion in the same quarter of fiscal 2022.
  • Homes closed in the quarter increased 8% to 22,985 homes compared to 21,308 homes closed in the same quarter of fiscal 2022.

Forestar Reports Fiscal 2023 Third Quarter Results

Retrieved on: 
Thursday, July 20, 2023
Other Construction & Property, Residential Building & Real Estate, Construction & Property, Growth, Housing, Forestar Group, NYSE, Sale, Life insurance, Real estate, Auction, Security (finance)

Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its third quarter ended June 30, 2023.

Key Points: 
  • Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its third quarter ended June 30, 2023.
  • Pre-tax income for the quarter increased 18% to $62.4 million from $52.7 million in the same quarter of fiscal 2022.
  • Revenues for the quarter increased 20% to $368.9 million from $308.5 million in the same quarter of fiscal 2022.
  • During the third quarter of fiscal 2023, Forestar sold 625 lots to customers other than D.R.