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Forestar Group to Release Second Quarter 2010 Results on August 3, 2010

^{Published on 2010-07-15 13:40:57 - Market Wire}
 

AUSTIN, Texas--([ BUSINESS WIRE ])--Forestar Group Inc. (NYSE: FOR) will release its results for second quarter 2010 on August 3, after the market closes.

The company will host a conference call on August 4, 2010 at 10:00 a.m. ET to discuss results of second quarter 2010.

To access the conference call, listeners calling from North America should dial 1-866-730-5769 at least 15 minutes prior to the start of the call. Those wishing to access the call from outside North America should dial 1-857-350-1593. The passcode is Forestar. Replays of the call will be available for two weeks following the completion of the live call and can be accessed at 1-888-286-8010 in North America and at 1-617-801-6888 outside North America. The passcode for the replay is 64750709.

The conference call may also be accessed through Forestar Groupa™s Internet site, [ www.forestargroup.com ], by clicking on "Investor Relations a" Investor Events".

About Forestar Group

Forestar Group Inc. operates in three business segments: real estate, mineral resources and fiber resources. The real estate segment owns directly or through ventures over 249,000 acres of real estate located in nine states and twelve markets in the U.S. The real estate segment has 20 real estate projects representing over 31,200 acres currently in the entitlement process, and 74 entitled, developed and under development projects in seven states and eleven markets encompassing over 16,200 acres, comprised of over 29,700 residential lots and over 2,400 commercial acres. The mineral resources segment manages about 620,000 net acres of oil and gas mineral interests. The fiber resources segment includes the sale of wood fiber and management of our recreational leases. The company also has a 45% nonparticipating royalty interest in groundwater produced or withdrawn for commercial purposes from approximately 1.38 million acres in Texas, Louisiana, Georgia and Alabama. Forestara™s address on the World Wide Web is [ www.forestargroup.com ].

Forward-looking Statements

This release contains aforward-looking statementsa within the meaning of the federal securities laws. These statements reflect managementa™s current views with respect to future events and are subject to risk and uncertainties. We note that a variety of factors and uncertainties could cause our actual results to differ significantly from the results discussed in the forward-looking statements. Factors and uncertainties that might cause such differences include, but are not limited to: general economic, market, or business conditions; the opportunities (or lack thereof) that may be presented to us and that we may pursue; fluctuations in costs and expenses including development costs; demand for new housing, including impacts from mortgage credit availability; lengthy and uncertain entitlement processes; cyclicality of our businesses; accuracy of accounting assumptions; competitive actions by other companies; changes in laws or regulations; and other factors, many of which are beyond our control. Except as required by law, we expressly disclaim any obligation to publicly revise any forward-looking statements contained in this news release to reflect the occurrence of events after the date of this news release.