Forestar (US:FOR)2025-10-28 15:00Financial Performance - Revenues increased by 22% to $670.5 million in Q4 FY2025[18] and 10% to $1.7 billion for the full fiscal year[21] - Net income reached $87.0 million in Q4 FY2025, resulting in earnings per diluted share of $1.70, a 6% increase[18] - Pre-tax income was $219.3 million for FY2025, with a pre-tax profit margin of 13.2%[21] - The company invested $1.7 billion in land acquisition and development in FY2025, an 8% increase compared to FY2024[22] Lot Position and Sales - The company owned and controlled 99,800 lots as of September 30, 2025[18,56] - The company contracted for sale 23,800 lots in Q4 FY2025, an 13% increase compared to Q4 FY2024[15] - The company has a contracted backlog is a strong indicator of FOR's ability to continue gaining market share in the highly fragmented lot development industry[87] Financial Stability and Liquidity - The company has a strong liquidity position of $968.1 million[18,97] - Net debt to capital was 19.3% as of September 30, 2025[18,97] FY 2026 Outlook - The company expects residential lot sales to be between 14,000 and 15,000 lots in FY 2026[23] - The company anticipates consolidated total revenues to be between $1.6 billion and $1.7 billion in FY 2026[23] - The company plans for a total investment in land and land development of approximately $1.4 billion in FY 2026[23]