Forestar (FOR) Q3 2025 Earnings Call Transcript
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Forestar Group (NYSE:FOR) management attributed a 23% revenue increase to higher lot sales and price mix, while acknowledging net income (GAAP) fell due to lower gross margins and the absence of prior-year asset sale gains. Year-to-date pricing has exceeded initial expectations for FY2025, leading to maintained revenue guidance of $1.5 billion to $1.55 billion for FY2025, despite reduced lot delivery targets of 14,500 to 15,000 lots in response to slowed demand. Lot backlog reached a five-year high, reflecting expanded contracts and reinforcing growth visibility. Leverage remains moderate, and liquidity is described as strong, with management underlining operational flexibility as a competitive advantage.
Source Fool.com
