Forestar Group Inc. (NYSE:FOR) Q3 2024 Earnings Conference Call July 18, 2024 5:00 PM ET

Company Participants

Katie Smith - Director of Finance and IR
Andy Oxley - President and CEO
Jim Allen - CFO
Mark Walker - COO

Conference Call Participants

Carl Reichardt - BTIG
Anthony Pettinari - Citi

Operator

Good afternoon and welcome to Forestar’s Third Quarter 2024 Earnings Conference Call. At this time, All participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note this conference is being recorded.

I will now turn the call over to Katie Smith, Vice President of Finance and Investor Relations for Forestar.

Katie Smith

Thank you, John. Good afternoon and welcome to the call to discuss Forestar's Third Quarter Results. Thank you for joining us. Before we get started, today's call includes forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Although Forestar believes any such statements are based on reasonable assumptions, there is no assurance that actual outcomes will not be materially different. All forward-looking statements are based upon information available to Forestar on the date of this conference call, and we do not undertake any obligation to update or revise any forward-looking statements publicly.

Additional information about factors that could lead to material changes in performance is contained in Forestar's Annual Report on Form 10-K and its most recent quarterly report on Form 10-Q, both of which are filed with the Securities and Exchange Commission. Our earnings release is on our website at investor.forestar.com and we plan to file our 10-Q early next week.

After this call, we will post an updated Investor Presentation to our Investor Relations site under Events and Presentations for your reference.

Now I will turn the call over to Andy Oxley, our President and CEO.

Andy Oxley

Thanks, Katie. Good afternoon everyone. I'm also joined on the call today by Jim Allen, our Chief Financial Officer, and Mark Walker, our Chief Operating Officer. Before I go over our results, I want to acknowledge the passing of Don Horton and the legacy he leaves behind. Homebuilding and land development are not easy, but Don was tremendously successful because he always put people first. His leadership and commitment to D.R. Horton and its people was unmatched. Don's vision and support for Forestar gave us aspirational but achievable goals and enabled us to become the country's largest pure-play residential lot developer. All of us at Forestar are incredibly proud to be a part of the D.R. Horton family and strive every day to grow and improve, which Don pushed us all to do.