Weekly Recap: Earnings decline and chairman succession announced
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Forestar Group Inc. (NYSE:FOR) reported lower fiscal 2026 revenue and income, missed Q4 EPS estimates and forecast $1.4–$1.5 billion in FY2027 revenue, as it announced Executive Chairman Donald Tomnitz’s retirement and CEO Anthony Oxley’s move to chairman.
Previous Week Recap
- Revenue Declines, FY2027 Outlook: Forestar (FOR) fiscal 2026 revenue fell 2% to $1.635 billion and net income dropped 15% to $142.6 million. Q4 EPS of $1.15 missed estimates; FY2027 revenue forecast: $1.4–$1.5 billion. 3 fuentes
- Chairman Transition, Board Appointment: Forestar (FOR) said Executive Chairman Donald Tomnitz will retire Oct. 31, 2026, then consult for two years. CEO Anthony Oxley will take over as chairman Nov. 1; Stacey Dwyer will join the board. 3 fuentes
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