Forestar Group Inc. (FOR) Q4 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Forestar Group Inc.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:02.775 increased 10% to $1.7 00:00:02.775 -- 00:00:05.639 billion in fiscal 2025, 00:00:05.639 -- 00:00:07.802 which includes $118.1 00:00:07.802 -- 00:00:11.507 million of track sales and other revenue. 00:00:11.507 -- 00:00:14.712 In the fourth quarter, we sold 4,891 00:00:14.712 -- 00:00:17.476 lots with an average lot sales price of $115,700. 00:00:17.476 -- 00:00:19.596 And for 00:00:20.360 -- 00:00:23.004 the year, we sold 14,240 00:00:23.004 -- 00:00:27.327 lots with an average lot sales price of $108,400. 00:00:28.111 -- 00:00:33.437 We expect continued quarterly fluctuations in our average sales price based on the geographic 00:00:33.437 -- 00:00:37.500 location and lot size mix of our deliveries. 00:00:37.602 -- 00:00:41.384 Our gross profit margin this quarter was 22.3%, 00:00:41.466 -- 00:00:46.532 down 160 basis points from a year ago. Our gross profit margin in the 00:00:46.532 -- 00:00:51.338 prior year fourth quarter was positively impacted by lot sales from an unusually high 00:00:51.338 -- 00:00:53.423 margin project. 00:00:53.423 -- 00:00:57.986 Our fourth quarter pre-tax income increased 4% to $113.1 00:00:58.388 -- 00:01:02.012 million, and our pre-tax profit margin was 16.9%. 00:01:02.012 -- 00:01:04.012 Pre-tax 00:01:04.595 -- 00:01:09.900 income for the year totaled $219.3 million, and our pre-tax profit 00:01:09.900 -- 00:01:13.522 margin this year was 13.2%. Our 00:01:13.784 -- 00:01:18.469 pre-tax income and profit margin for the quarter and the year were positively impacted 00:01:18.469 -- 00:01:21.712 by a gain on sale of assets of $4.5 million. 00:01:21.712 -- 00:01:23.360 Chris? 00:01:23.360 -- 00:01:29.010 SG&A expense for the fourth quarter was $42.7 million, or 6.4% 00:01:29.010 -- 00:01:34.299 as a perce...