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Forestar Group Inc. Reports First Quarter 2012 Results

FIBER RESOURCES

  • Sold 28,800 tons of fiber
  • Recreational leasing activity remains strong, almost 99% of available land leased

Segment Financial Results:

($ in millions)     1Q 2012       1Q 2011       4Q 2011
 
Segment Revenues $ 0.7 $ 1.4 $ 0.9
 
Segment Earnings $ 0.4 $ 0.6 $ 0.1

First quarter 2012 fiber resources segment earnings declined compared with first quarter 2011 principally due to reduced harvest volumes associated with the sale of over 74,000 acres of timberland since first quarter 2011. Recreational leasing activity remained strong during first quarter, with almost 99% of available land leased for recreation.

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