Forestar (FOR) - 2024 Q3 - Quarterly Results

Exhibit 99.1 ARLINGTON, Texas (Business Wire) - July 18, 2024 — Forestar Group Inc. ("Forestar") (NYSE: FOR), a leading national residential lot developer, today reported financial results for its third fiscal quarter ended June 30, 2024. • Net income of $38.7 million or $0.76 per diluted share • Pre-tax income of $51.6 million, with a pre-tax profit margin of 16.2% • Consolidated revenues of $318.4 million on 3,255 lots sold • Owned and controlled lots increased 40% to 102,100 lots • Return on equity expan ...