Forestar Group Inc., a national residential lot developer, announced its financial results for the third fiscal quarter ended June 30, 2025. The company reported a net income of $32.9 million, translating to $0.65 per diluted share. Pre-tax income stood at $43.6 million. Consolidated revenues saw a 23% rise, reaching $390.5 million for the quarter. The number of residential lots sold increased by 11% to 3,605 lots compared to the same quarter in the prior year. As of June 30, 2025, Forestar owned and controlled 102,300 lots, and lots contracted for sale increased by 26% to 25,700 lots. For the nine months ended June 30, 2025, Forestar's net income decreased by 33% to $81.0 million, or $1.59 per diluted share, compared to $121.8 million, or $2.40 per diluted share, recorded during the same period in fiscal 2024. Revenues for this period increased by 4% to $991.9 million from $958.0 million in the previous fiscal year. The company updated its lot delivery guidance for fiscal 2025, now expecting to deliver between 14,500 and 15,000 lots, down from the previous guidance of 15,000 to 15,500 lots. However, Forestar maintained its revenue guidance of $1.50 billion to $1.55 billion for the fiscal year. Forestar highlighted its strong balance sheet and substantial operating platform, emphasizing its strategic relationship with D.R. Horton and $2.3 billion in contracted future revenue as key components supporting its market position and growth strategy. The company aims to maintain a disciplined approach to capital allocation to drive long-term shareholder value.