---
title: "Forestar Group 10-Q: Revenue $374.3M qtr, EPS $0.63"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283877468.md"
description: "Forestar Group reported Q1 revenue of $374.3 million and net income of $32.2 million, with EPS of $0.63. For six months, revenue reached $647.3 million, up 8% year-over-year, and net income was $47.7 million (EPS $0.93). The company noted pricing momentum, with average lot prices increasing 12% to $116,000, and a concentrated sales channel, primarily with D.R. Horton purchasing 4,077 of 4,882 lots. The total lot position is 94,400, with 24,100 lots under contract. Emphasis remains on short-duration projects and flexible land banking strategies."
datetime: "2026-04-23T18:21:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283877468.md)
  - [en](https://longbridge.com/en/news/283877468.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283877468.md)
---

# Forestar Group 10-Q: Revenue $374.3M qtr, EPS $0.63

Forestar Group reported first-quarter revenue of $374.3 million and net income of $32.2 million, producing basic and diluted earnings per share of $0.63 for the quarter. Six-month results show consolidated revenue of $647.3 million and year-to-date net income of $47.7 million (EPS $0.93 basic and diluted), reflecting higher tract sales and other revenues despite a decline in lot volume. The company highlighted pricing momentum and a concentrated channel mix that shaped results and operational positioning.

**Financial Highlights**

-   **Revenue**: $374.3 million (three months ended Mar 31, 2026); $647.3 million (six months, up 8% year-over-year)
-   **Gross Profit**: $80.2 million (three months)
-   **Operating Income**: $42.3 million (three months)
-   **Income before income taxes**: $43.9 million (three months); $64.8 million (six months)
-   **Net Income**: $32.2 million (three months); $47.7 million (six months)
-   **Net income attributable to Forestar Group (EPS)**: Basic $0.63, Diluted $0.63 (three months); Basic $0.93, Diluted $0.93 (six months)

**Business Highlights**

-   **Revenue mix and channel concentration**: Consolidated revenues rose 8% year-over-year driven by higher tract sales and other revenues; lot sales remain heavily concentrated with D.R. Horton purchasing 4,077 of 4,882 lots year-to-date while non-D.R. Horton sales declined materially.
-   **Pricing momentum**: Average lot price increased approximately 12% year-over-year to $116,000, driven by regional mix shifts and targeted pricing strategies for affordable homes.
-   **Sales pace and inventory**: Year-to-date sold lots totaled 4,882; total lot position stands at 94,400 (63,500 owned and 30,900 controlled), with 24,100 owned lots under contract.
-   **Development and execution strategy**: Continued emphasis on entitled short-duration projects, flexible lot/land banking, and deliberate management of sales pace to optimize returns.

Original SEC Filing: Forestar Group Inc. \[ FOR \] - 10-Q - Apr. 23, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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