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Forestar Group Inc. Reports Full Year And Fourth Quarter 2012 Results

FIBER RESOURCES

Fourth Quarter 2012 Significant Highlights

  • Sold over 162,000 tons of fiber - recreational leasing remains strong

Fiber Resources Segment Financial Results:

($ in millions)

    4Q 2012     4Q 2011     FY 2012     FY 2011
Segment Revenues $3.0 $0.9 $8.3 $4.8
Segment Earnings $2.3 $0.1 $5.0 $1.9
 

Fourth quarter and full year 2012 fiber resources segment earnings increased compared with fourth quarter and full year 2011 principally due to increased fiber sales activity and higher pricing. Recreational leasing activity remained strong during fourth quarter, with almost 99% of available land leased for recreation.

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