Forestar Group Inc. (FOR) Earnings Call Transcripts

Forestar Group Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of fiscal 2026, Forestar Group Inc. reported revenues of $374.3 million, reflecting a 7% increase year-over-year, and net income attributable to the company rose 2% to $32.1 million or $0.63 per diluted share. The company maintained its revenue guidance for the fiscal year at $1.6 billion to $1.7 billion while updating its lot delivery guidance to 14,000 to 14,500 lots. Management emphasized strong liquidity of over $1 billion, which positions the company well for future growth despite ongoing affordability constraints in the housing market.

Reported metrics

Guidance from management

Forestar maintained its revenue guidance for fiscal 2026 at $1.6 billion to $1.7 billion while updating lot delivery guidance to 14,000 to 14,500 lots, reflecting a strategic response to market conditions.

What management said

We sold 2,938 lots in the quarter with an average sale price of $112,800. We expect continued quarterly fluctuations in our average sales price based on the geographic and lot size mix of our deliveries. Our gross profit margin for the quarter was 21.4% compared to 22.6% for the same quarter last year. The current quarter margin includes $6.3 million of land option charges related to deposits and pre-acquisition cost...

In the second quarter, SG&A expense declined 1% to $37.9 million or 10.1% as a percentage of revenues compared to $38.4 million or 10.9% in the prior year quarter. Our headcount decreased 8% from a year ago as we remain focused on efficiently managing SG&A while maintaining our strong operational teams across our national footprint to support future growth. We expect our headcount to remain relatively flat for the re...

What analysts pressed on

Analysts expressed concerns regarding the reduction in controlled lots and the impact of rising fuel prices on development costs. There were questions about the company's ability to maintain margins amidst these pressures and the overall demand trends from builders other than D.R. Horton.

Main topics on the call

• Revenue Growth — Forestar achieved revenues of $374.3 million in Q2 2026, a 7% increase from $351 million in the prior year quarter. Management stated, "The Forestar team achieved solid second quarter results, generating revenues of $374...
• Net Income and EPS — Net income increased 2% to $32.1 million, translating to $0.63 per diluted share, compared to $31.6 million or $0.62 per diluted share in the prior year. This slight growth in earnings reflects effective cost management ...
• Contracted Backlog — Forestar's contracted backlog remains robust at approximately $2.2 billion, providing visibility for future revenue. Management noted, "Our contracted backlog is a strong indicator of our ability to continue gaining mark...
• Gross Profit Margin — The gross profit margin for the quarter was reported at 21.4%, down from 22.6% in the prior year. Management indicated that this margin includes $6.3 million in land option charges, which impacted overall profitability.

Read the full Forestar Group Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 31 Forestar Group Inc. earnings call transcripts on record, spanning January 23, 2020 to July 21, 2026. Based on this history, Forestar Group Inc. reports quarterly. The most recent call on file is dated July 21, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FOR

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Real Estate Management and Development

Calls on record

31

First call

January 23, 2020

Most recent

July 21, 2026

Reporting cadence

quarterly