Forestar reports Q3 revenue of $407 million, up 4%

• Forestar reported fiscal Q3 revenue of $407 million, up 4%, after selling 3,659 residential lots.
• Net income increased 9% to $35.9 million, while diluted earnings rose to $0.70 per share.
• The company maintained its fiscal 2026 revenue forecast of $1.6–$1.7 billion and lot-delivery guidance of 14,000–14,500.

Forestar Group (NYSE:FOR) reported fiscal Q3 revenue of $407.0 million, up 4%, as residential lot sales increased 1% to 3,659.

Net income rose from $32.9 million to $35.9 million, while diluted EPS increased from $0.65 to $0.70.

Forestar maintained fiscal 2026 guidance for $1.6–$1.7 billion in revenue and deliveries of 14,000–14,500 lots.

Meanwhile, Forestar owned or controlled 91,700 lots, including 23,500 contracted lots representing approximately $2.3 billion in future revenue.

The company operates across 65 markets in 24 states and remains a majority-owned subsidiary of D.R. Horton.