Forestar Q4 profit falls 32% to $59.2 million; fiscal 2027 lot and revenue outlook issued
Forestar Group reported fourth-quarter and fiscal 2026 results for the year ended September 30, 2026. Net income and revenue declined from a year earlier, with fourth-quarter net income down 32% and fiscal-year net income down 15%. The company also gave fiscal 2027 expectations of 12,000 to 13,000 lots and $1.4 billion to $1.5 billion of revenue.
Key points
- Q4 net income attributable to Forestar was $59.2 million, or $1.15 per diluted share, down 32% from $87.0 million, or $1.70, a year earlier.
- Q4 revenues fell 13% to $580.8 million, while lots sold rose 2% to 5,004.
- Fiscal 2026 net income was $142.6 million, or $2.78 per diluted share, down 15%; revenues fell 2% to $1.6 billion.
- For fiscal 2027, the company expects to deliver 12,000 to 13,000 lots and $1.4 billion to $1.5 billion of revenue; total liquidity was $1.3 billion at September 30, 2026.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.
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