Forestar Reports Fourth Quarter and Fiscal 2026 Results
Forestar reported Q4 fiscal 2026 net income of $59.2 million ($1.15 per diluted share), down 32% year-over-year, on revenues of $580.8 million, down 13%. For the full fiscal year, net income fell 15% to $142.6 million ($2.78 per diluted share) on $1.6 billion of revenue, with 13,545 lots delivered. Results included $7.6 million of impairments partially offset by a $10.0 million gain on asset sales. Management guided fiscal 2027 to 12,000-13,000 lots and $1.4B-$1.5B of revenue, below fiscal 2026 levels, citing affordability constraints and rising mortgage rates.
Key figures
- Eps
- 1.15
- Revenue
- $580.8 million
- Guidance
- FY2027: 12,000-13,000 lots delivered, $1.4B-$1.5B revenue
- Revenue Yoy
- -13%
- Fy2026 eps
- 2.78
- Lots sold q4
- 5004
- Q4 net income
- 59200000
- Fy2026 revenue
- $1.6 billion
- Total liquidity
- $1.3 billion
- Lots sold fy2026
- 13545
- Q4 pretax income
- 78600000
- Q4 pretax margin
- 13.5%
- Return on equity
- 7.8%
- Fy2026 net income
- 142600000
- Q4 net income yoy
- -32%
- Fy2026 revenue yoy
- -2%
- Impairment charges
- 7600000
- Lots under contract
- 21500
- Book value per share
- 37.56
- Fy2026 net income yoy
- -15%
- Gain on sale of assets
- 10000000
- Book value per share yoy
- +8%
- Contracted future revenue
- $2.2 billion
- Lots owned and controlled
- 84400
- Net debt to total capital
- 6.7%
- Average sales price per lot q4
- 108300
AI analysis
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