| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Outlook
Donald J. Tomnitz, Chairman of the Board, said, "The Forestar team delivered a solid year with over 14,000 lots sold and a double-digit pre-tax profit margin of 15.4%. As we look forward to fiscal 2024, we currently expect to deliver between 14,500 lots and 15,500 lots, generating $1.4 billion to $1.5 billion of revenue. We will continue to adjust to market conditions and maximize returns by balancing our pace of sales and lot pricing in each of our projects.
"Forestar is uniquely positioned to take advantage of the shortage of finished lots in the homebuilding industry. Our strong balance sheet and ample liquidity give us the flexibility to invest in land development opportunities to position the Company for growth beyond fiscal 2024, and we expect to aggregate significant market share over the next few years. We will maintain our disciplined approach to investing capital to enhance the long-term value of Forestar."
Posted In: FOR
