Sector: Industrials | Industry: Construction & Engineering |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2221 E. Lamar Blvd., Suite 790 ARLINGTON TX 76006 |
Tel: | N/A |
Website: | https://www.forestar.com/home/default.aspx |
IR: | See website |
Key People | ||
Donald J. Tomnitz Executive Chairman of the Board | Anthony W. Oxley President, Chief Executive Officer | James D. Allen Chief Financial Officer, Executive Vice President | Mark S. Walker Chief Operating Officer, Executive Vice President |
Business Overview |
Forestar Group Inc. is a residential lot development company. The Company is focused primarily on making investments in land acquisition and development to sell finished single-family residential lots to homebuilders. The Company operates through its real estate segment. The real estate segment primarily acquires land and installs infrastructure for single-family residential communities, and sales residential single-family finished lots to local, regional and national homebuilders. Its real estate segment conducts a range of project planning and management activities related to the entitlement, acquisition, community development and sale of residential lots. The Company has operations in over 52 markets and approximately 20 states and its lot position consisted of 90,100 residential lots, of which approximately 61,800 were owned and 28,300 were controlled through purchase contracts. |
Financial Overview |
For the three months ended 31 December 2023, Forestar Group Inc revenues increased 41% to $305.9M. Net income increased 84% to $38.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Interest and other income increase from $1.7M to $6.3M (income). Basic Earnings per Share excluding Extraordinary Items increased from $0.42 to $0.76. |
Employees: | 233 as of Sep 30, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $2,214M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,526M as of Dec 31, 2023 |
EBITDA (TTM): | $249.40M as of Dec 31, 2023 |
Net annual income (TTM): | $184.30M as of Dec 31, 2023 |
Free cash flow (TTM): | $255.80M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $246.40M as of Dec 31, 2023 |
Shares outstanding: | 49,913,423 as of Jan 19, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |