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Oscar Health, Inc. Appoints Director Siddhartha Sankaran as Independent Chair of the Board

Oscar Health, Inc. Appoints Director Siddhartha Sankaran as Independent Chair of the Board

NEW YORK–(BUSINESS WIRE)–
Oscar Health, Inc. (“Oscar” or the “Company”) (NYSE: OSCR), a leading healthcare technology company, today announced the appointment of independent director Siddhartha Sankaran as Chair of the Board, effective June 4, 2026. Sankaran will succeed Jeffery Boyd, who has served as Chair since February 2021 and is not standing for reelection at Oscar Health’s Annual Meeting.

Sankaran has more than 20 years of leadership in the insurance industry, serving in executive roles at multiple public companies, including at American International Group, Inc., SiriusPoint Ltd. and FWD Group Holdings Limited. He brings a wealth of expertise from serving on numerous boards. He also contributed to building robust governance practices and standards in his five years of service on Oscar Health’s Board.

Mark Bertolini, Oscar Health’s Chief Executive Officer, said: “The individual market is the future of healthcare for millions of consumers and businesses. I am thrilled to have Sid lead our Board through Oscar’s next phase. I also want to thank Jeff for his tireless commitment, first as a trusted advisor and through our IPO and beyond. His steady leadership was instrumental during a defining period of growth and change.”

Boyd remarked: “It’s been a privilege to be a part of Oscar’s transformation from bold startup into a leader in the individual market. The past 12 years have been an incredible run. Oscar is positioned for strong 2026 performance and long-term growth, and could not be in better hands as I begin my next chapter.”

Sankaran added: “I am honored to step into this role at a pivotal moment for Oscar and for healthcare. The future of healthcare should be simple, personal, and consumer-driven – and Oscar is uniquely positioned to lead that change. The Oscar team is redefining the healthcare experience and building a more efficient market that works for everyone.”

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained herein are forward-looking statements. These statements include, but are not limited to, statements about our business and financial prospects, and industry and market dynamics and expected trends. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “forecasts,” “predicts,” “potential,” or “continues” or the negative of these terms or other similar expressions. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict and generally beyond our control.

Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, there are or will be important factors that could cause our actual results to differ materially from those indicated in these forward-looking statements, including, but not limited to, the factors set forth under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (“SEC”), and our other filings with the SEC. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Any forward-looking statement speaks only as of the date as of which it is made, and, except as otherwise required by law, we do not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise. New factors emerge from time to time, and it is not possible for us to predict which will arise.

About Oscar Health

Oscar Health, Inc. is a leading healthcare technology company built on a full-stack platform and a relentless focus on member experience. Oscar Health helps make high-quality and affordable care more accessible for millions of people through Oscar’s Individual & Family plans and ICHRA solutions, +Oscar technology services, and Lucie Health Marketplace. Consumers benefit from better choice, deeper engagement, and connection to high-value clinical care.

Investor Contact:

Chris Potochar

VP of Investor Relations

[email protected]

Media Contact:

Dalya Browne

Senior Director, Communications

[email protected]

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Professional Services Health Health Technology Health Insurance Finance General Health

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Civeo Announces First Quarter 2026 Earnings Conference Call

Civeo Announces First Quarter 2026 Earnings Conference Call

HOUSTON–(BUSINESS WIRE)–
Civeo Corporation (NYSE:CVEO) announced today that it has scheduled its first quarter 2026 earnings conference call for Friday May 1st, at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). During the call, Civeo will discuss financial and operating results for the first quarter 2026, which will be released before the market opens on Friday, May 1, 2026.

By Phone:

Dial 877-423-9813 inside the U.S. or 201-689-8573 internationally and ask for the Civeo call or provide the conference ID: 13760283# at least 10 minutes prior to the start time.

A replay will be available through May 11th by dialing 844-512-2921 inside the U.S. or 412-317-6671 internationally and using the conference ID 13760283#.

By Webcast:

Connect to the webcast via the Events and Presentations page of Civeo’s Investor Relations website at www.civeo.com.

Please log in at least 10 minutes in advance to register and download any necessary software.

A webcast replay will be available after the call.

About Civeo:

Civeo Corporation is a leading provider of hospitality services with prominent market positions in the Canadian oil sands and the Australian natural resource regions. Civeo offers comprehensive solutions for lodging hundreds or thousands of workers with its long-term and temporary accommodations and provides food services, housekeeping, facility management, laundry, water and wastewater treatment, power generation, communications systems, security and logistics services. Civeo currently owns and operates a total of 28 lodges and villages in North America and Australia with an aggregate of approximately 27,500 rooms. In addition, Civeo operates and provides hospitality services at 24 customer-owned locations with approximately 19,500 rooms. Civeo is publicly traded under the symbol CVEO on the New York Stock Exchange. For more information, please visit Civeo’s website at www.civeo.com.

Regan Nielsen

Civeo Corporation

Vice President, Corporate Development & Investor Relations

713-510-2400

KEYWORDS: Texas New York United States North America Canada

INDUSTRY KEYWORDS: Natural Resources Lodging Other Natural Resources Destinations Travel

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Sow Good Announces Transformative Acquisition of the Nachu Graphite Project, Positioning the Company as a Critical Minerals and Battery Anode Developer

IRVING, Texas, April 21, 2026 (GLOBE NEWSWIRE) — Sow Good Inc. (Nasdaq: SOWG) (“Sow Good” or the “Company”), announces a transformative acquisition that will position the Company as a critical minerals and battery anode developer supplying high-purity natural flake graphite to the global lithium-ion battery supply chain, while continuing to produce the freeze-dried treats for which it is known. The Company has entered into a definitive share purchase agreement (the “Share Purchase Agreement”) with Ryzon Materials Ltd (“Ryzon”) and the sellers named therein (the “Sellers”) to acquire 100% of the issued and outstanding shares (the “Transaction”) of wholly owned Tanzanian subsidiaries of Ryzon (the “Targets”). Following closing, the Company intends to focus on advancing the acquired project toward construction and production, with its current consumer products operations managed as a separate business segment, and management of Sow Good (“Management”) believes the Transaction positions Sow Good as a burgeoning battery metals company with a platform for additional critical mineral acquisitions in the future.

The Targets are the sole holders of the Nachu Graphite Project, a world-class, advanced-stage graphite development asset located in the Ruangwa District, Lindi Region of Southern Tanzania (the “Tanzanian Project” or “Nachu Project”). The Nachu Project is reported to be one of the largest known high-purity natural flake graphite deposits globally, and is reported to benefit from a completed Bankable Feasibility Study (prepared under the JORC Code 2012, and not under S-K 1300), a binding offtake agreement with a U.S. Tier-1 EV and ESS manufacturer, a Special Economic Zone license, and a 15.5-year mine life.*

Unless otherwise stated, all technical and economic data relating to the Nachu Project contained in this press release has been derived from Ryzon’s publicly available disclosures and has not been independently verified by the Company. See “Important Cautionary Note Regarding Mineral Estimates and Technical Disclosure” below.*

About the Tanzanian Project

The Nachu Project is an advanced-stage, open-pit graphite development project that is fully permitted and located approximately 20 km from the town of Ruangwa in the Lindi Region of Southern Tanzania, and approximately 220 km by road from the deep-water port of Mtwara. The project is at the advanced development stage, having completed a bankable feasibility study, secured all principal mining and environmental permits, and obtained a Special Economic Zone license, but has not commenced construction or production to date.*

The 2022 BFS Update prepared by Ausenco Services Pty Ltd and other consultants under the JORC Code 2012 (the “2022 BFS Update”) reports that the Nachu Project hosts a global mineral resource of 174 million tonnes at 5.4% total graphitic carbon (“TGC”) and an ore reserve of 76 million tonnes at 5.2% TGC. The project is designed to process 5 million tonnes per year of run-of-mine ore through a conventional crushing, grinding, and flotation circuit to produce approximately 236,000 tonnes per year of graphite concentrate at 98.5%–99.0% TGC purity — without chemical purification.*

In addition, Ryzon has disclosed that the Nachu Project benefits from a binding offtake agreement with a Tier-1 EV and ESS manufacturer for supply of natural graphite anode materials. The Company has not independently verified the terms or current status of this agreement. If this agreement remains in effect following closing, Management believes it would:

  • provide cornerstone revenue visibility and de-risk the Nachu Project’s commercial viability;
  • position Sow Good as a direct participant in the non-Chinese battery anode supply chain at a time of acute Western government and automaker focus on supply chain security;
  • support project financing discussions by demonstrating contracted demand from a globally recognized counterparty; and
  • provide a foundation from which to pursue additional offtake agreements with other battery manufacturers, cathode/anode producers, and trading houses.

Re-confirming and, if necessary, re-establishing the terms of the existing offtake agreement will be a priority for Management following closing of the Transaction.

The Nachu Project was originally developed by Magnis Energy Technologies Ltd (ASX: MNS), which subsequently changed its name to Magnis Resources Ltd and was later reorganized. The project and its Tanzanian subsidiaries were transferred to Ryzon Materials Ltd as part of an internal restructuring. The Company is aware that Magnis Energy Technologies received certain adverse media coverage during its ASX-listed tenure. The Company’s decision to proceed with the Transaction is based on its evaluation of the underlying asset, the technical work completed to date (subject to verification under S-K 1300), and the commercial arrangements in place, rather than the corporate history of prior holders.*

*See “Important Cautionary Note Regarding Mineral Estimates and Technical Disclosure” and “Differences Between U.S. and International Standards for Mineral Disclosure” below. These estimates were prepared by Ryzon in accordance with the JORC Code 2012 and have not been prepared in accordance with S-K 1300. The Company has not independently verified these estimates and readers are cautioned not to place undue reliance on them.

Transaction Highlights

  • The Transaction values the Tanzanian Project at an aggregate consideration of AUD$150,000,000 (approximately US$107 million based on the RBA AUD/USD exchange rate as of the date hereof), to be satisfied entirely by the issuance of Sow Good common shares (the “Consideration Shares”), less the amount of Ryzon’s net debt at completion. Based on the 10-Day VWAP and RBA AUD/USD exchange rate as at the date of this announcement, approximately 334,150,145 Consideration Shares (or 22,276,676 Consideration Shares after adjusting for the Company’s announced 15-to-1 reverse stock split) are issuable in aggregate.
  • The Consideration Shares have been determined as of the date of this announcement. The 10-Day VWAP of Sow Good common shares on Nasdaq for the 10 trading days immediately preceding the date of this announcement was US$0.3209, and the RBA AUD/USD exchange rate as of such date was 0.7149, resulting in 334,150,145 Consideration Shares (or 22,276,676 Consideration Shares after adjusting for the Company’s announced 15-to-1 reverse stock split) being issuable in aggregate to the Sellers, the Brokers and the Lenders (as defined in the Share Purchase Agreement).
  • 33,415,014 Consideration Shares (or 2,227,667 Consideration Shares after adjusting for the Company’s announced 15-to-1 reverse stock split) (the “Escrow Shares”), equal to AUD$15,000,000 will be held back to support the indemnification obligations of the Sellers under the Share Purchase Agreement. The Escrow Shares will be issued pursuant to 222,767 contingent value rights (the “CRVs”), with each CRV providing for a total of 10 Escrow Shares delivered across two indemnification milestones occurring 12 and 18 months after the closing date of the Transaction.
  • The Consideration Shares will be subject to lock-up and dribble-out restrictions on resale pursuant to the terms of a stockholders agreement to be entered into between Sow Good and the Sellers at closing (the “Stockholders Agreement”).
  • The Transaction is subject to customary closing conditions, including:
    • Approval of Sow Good’s stockholders as required under applicable Nasdaq Listing Rules, including Nasdaq Listing Rule 5635;
    • Receipt of regulatory approvals in Tanzania, including approval from the Fair Competition Commission of Tanzania and any required approvals from the Mining Commission of Tanzania and the Tanzania Minerals Audit Agency;
    • No material adverse change having occurred with respect to Ryzon or the Tanzanian Project between signing and closing;
    • Execution and delivery of all closing deliverables, including the Stockholders Agreement, certain subscription agreements, and a registration rights agreement pursuant to which the Company will register the Consideration Shares for resale; and
    • Other customary closing conditions set forth in the Share Purchase Agreement.

There is no assurance that all conditions to closing will be satisfied or waived or that the Transaction will be completed on the terms described herein or at all.

Industry Context: The Critical Role of Natural Graphite in the Battery Supply Chain

Natural graphite is the single largest input material by mass in a lithium-ion battery cell, comprising up to 25%–30% of total cell weight in the form of spherical graphite used in the anode. The anode is the largest component of a lithium-ion battery by mass, and high-purity, large-flake natural graphite is often the preferred feedstock for spherical graphite production due to its superior electrochemical performance, lower cost, and lower carbon footprint relative to synthetic graphite alternatives.

The global graphite supply chain is heavily concentrated in China, which currently controls approximately 70% of global natural flake graphite mine production and more than 95% of global spherical and coated graphite anode processing capacity. This concentration has become a significant concern for Western governments and automakers. The United States Inflation Reduction Act (IRA), its Foreign Entity of Concern (FEOC) provisions, and the European Union Critical Raw Materials Act (EU CRMA) are each designed to incentivize the development of non-Chinese sources of critical battery minerals, including natural graphite. These regulatory frameworks are creating structural demand for graphite sourced and processed outside of Chinese-controlled supply chains.

The Nachu Project is positioned to supply high-purity natural flake graphite concentrate directly into this emerging ex-China supply chain. Management believes that, if the project is successfully developed, Nachu would be among a limited number of non-Chinese sources of battery-grade natural graphite at scale globally.*

Strategic Rationale for the Transaction

The Transaction represents a compelling strategic opportunity for Sow Good to transform into a critical minerals and battery anode company through the acquisition of a well-studied, advanced-stage development asset in Tanzania. Based on Ryzon’s publicly available disclosures (which have not been independently verified by the Company and are not adopted or endorsed by the Company), Management believes the attractive project economics at a leading deposit of a critical mineral with special economic zone benefits, all coupled with the ability to fulfill a portion of the growing Western-aligned graphite and anode materials supply chain, make this acquisition strategically compelling.

Following closing, Sow Good’s primary focus will be advancing the Nachu Project toward an investment decision and construction. The Company intends to pursue project-level financing, including senior secured debt, export credit agency facilities, and strategic partner co-investment, supported by the Nachu Project’s contracted offtake and tax benefits The Company’s existing consumer products operations will continue to be managed as a separate business segment. Management believes that the Nachu acquisition, combined with access to U.S. capital markets, creates a compelling platform for building a leading Western-aligned battery metals company.

Management Commentary

Sam Goldberg, Chief Executive Officer of Sow Good, commented: “Today marks the beginning of Sow Good’s transformation into a critical minerals and battery anode company. The Nachu Project is, in our view, one of the premier undeveloped graphite assets in the world, with a completed Bankable Feasibility Study that reports very attractive NPV and IRR, a reported binding offtake with a Tier-1 EV manufacturer, and a 10-year Special Economic Zone tax exemption, and we are acquiring it for approximately US$107 million in Sow Good shares. While these figures are based on Ryzon’s JORC-compliant studies and have not yet been independently verified under S-K 1300, the implied value differential is significant. The global battery supply chain is at an inflection point: Western governments and automakers are actively seeking non-Chinese sources of battery-grade graphite, and we believe Nachu is uniquely positioned to meet that demand. This is not a diversification — it is a strategic repositioning, and we intend to use our Nasdaq platform to build a leading battery metals company. We look forward to working with Frank Poullas and the Ryzon team to advance Nachu toward construction and first production.”

Frank Poullas, representing Ryzon, added: “Nachu is a technically exceptional asset — 174 million tonnes of mineral resource at 5.4% TGC under the JORC Code 2012, delivering 98.5%–99% purity concentrate through flotation alone, without chemical purification. That combination of scale and purity is extremely rare globally. After more than a decade of development work — completing a Bankable Feasibility Study, securing a binding offtake with a Tier-1 EV manufacturer, obtaining the only Special Economic Zone licence for graphite in Tanzania, and establishing an EPCM pathway — we believe the missing piece was access to deep, liquid capital markets and the credibility that comes with a U.S. listing. A Nasdaq listing opens the door to U.S. and European institutional investors, strategic partnerships with Western automakers, and alignment with the Inflation Reduction Act’s critical mineral sourcing requirements. Ryzon’s shareholders will maintain significant exposure to the project’s upside through their ownership in the combined company, and we are confident this transaction unlocks the full potential of what we have built.”

Important Cautionary Note Regarding Mineral Estimates and Technical Disclosure

This press release contains references to mineral resource and mineral reserve estimates, economic analyses, and other technical information prepared by Ryzon in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the “JORC Code 2012”). The JORC Code 2012 is an internationally recognized reporting code but differs in certain material respects from the requirements of Subpart 229.1300 of Regulation S-K (“S-K 1300”), the disclosure standard applicable to Sow Good as an SEC registrant.

The mineral resource and mineral reserve estimates, economic metrics (including NPV, IRR, and capital and operating cost estimates), production profiles, and other technical data referenced in this press release have been derived from the 2022 BFS Update and other publicly available disclosures prepared by Ryzon. These estimates constitute historical estimates within the meaning of S-K 1300 and have not been verified by a qualified person (as defined under S-K 1300) retained by Sow Good. Accordingly, these estimates should not be relied upon as if they had been prepared in compliance with S-K 1300.

Key differences between the JORC Code 2012 and S-K 1300 include, but are not limited to: (i) different definitions and classification criteria for mineral resources and mineral reserves; (ii) different requirements for the preparation and content of technical report summaries; (iii) different commodity pricing methodologies for economic analyses; (iv) the JORC Code 2012 permits the inclusion of inferred mineral resources in economic analyses under certain conditions, whereas S-K 1300 requires additional cautionary language and sensitivity analysis excluding inferred resources; and (v) S-K 1300 requires that all technical disclosure be based on and accurately reflect information prepared by a qualified person.

Readers are cautioned that: (a) mineral resources are not mineral reserves and do not have demonstrated economic viability; (b) there is no certainty that all or any part of the mineral resources will be converted to mineral reserves; (c) the economic analysis contained in the 2022 BFS Update may include inferred mineral resources that are too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves; and (d) the estimates and economic metrics presented herein may differ materially from the estimates that will be required to be included in Sow Good’s SEC filings following closing of the Transaction.

Following closing, Sow Good intends to commission a technical report summary for the Nachu Project in compliance with S-K 1300, to be prepared by an independent qualified person, and to file such report with the SEC as required. Until such time, investors should not place undue reliance on the historical estimates and technical information referenced herein.

For the avoidance of doubt, the Company does not adopt, endorse, or make any representation or warranty as to the accuracy, completeness, or reliability of any mineral resource or mineral reserve estimate, economic analysis, production profile, offtake arrangement, or other technical or commercial information prepared or reported by Ryzon or its consultants. All such information referenced in this press release has been derived from publicly available disclosures by Ryzon and is provided solely for the purpose of giving investors context regarding the Transaction and the asset being acquired. Investors should not place undue reliance on Ryzon’s historical estimates or other technical data in making investment decisions regarding Sow Good’s securities.

U.S. Securities Law

The Consideration Shares to be issued pursuant to the Transaction have not been under the United States Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. The shares issuable pursuant to the Transaction are anticipated to be issued in reliance upon available exemptions from the registration requirements of the Securities Act, including Regulation S and/or Section 4(a)(2) thereunder, or other applicable exemptions. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Sow Good.

In connection with the Transaction, Sow Good intends to file with the U.S. Securities and Exchange Commission (the “SEC”) an Information Statement pursuant to Section 14(c) of the Exchange Act of 1934 (the “Information Statement”), in preliminary and definitive form, and other required documents regarding the Transaction with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE INFORMATION STATEMENT, AS MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND OTHER RELEVANT DOCUMENTS FILED BY SOW GOOD WITH THE SEC BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT SOW GOOD, RYZON, THE TRANSACTION, AND THE RELATED RISKS AND RELATED MATTERS.

The Information Statement will be mailed to stockholders of Sow Good. Investors will be able to obtain free copies of the Information Statement, as may be amended from time to time, and other relevant documents filed by Sow Good with the SEC (when they become available) through the website maintained by the SEC at www.sec.gov. Copies of documents filed with the SEC by Sow Good, including the Information Statement (when available), will be available free of charge from Sow Good’s website at www.sowginc.com under the “Investors” tab.

Differences Between U.S. and International Standards for Mineral Disclosure

As an SEC registrant, Sow Good is required to report mineral resource and mineral reserve information in compliance with Subpart 229.1300 of Regulation S-K (“S-K 1300”), the SEC’s mining disclosure standard. S-K 1300 establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. The terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in accordance with S-K 1300. Readers are cautioned not to assume that all or any part of mineral deposits in these categories will ever be converted into mineral reserves.
The Tanzanian Project’s existing technical disclosure has been prepared by Ryzon in accordance with the JORC Code 2012, as required for Australian-listed companies. Accordingly, public disclosure related to the Tanzanian Project prepared by Ryzon may differ from the estimates of resources and reserves that will be required to be filed by Sow Good with the SEC following closing of the Transaction. Sow Good intends to update the technical disclosure for the Tanzanian Project to comply with S-K 1300 requirements as promptly as practicable.

About Sow Good Inc.

Sow Good Inc. (NASDAQ: SOWG) is a Nasdaq-listed company operating a consumer packaged goods business focused on freeze-dried candy and snack products. Following the closing of the Transaction, the Company will operate in a separate segment from the consumer packaged good business as a critical minerals developer and battery anode materials company through the acquisition of the Nachu Graphite Project in Tanzania.

About Ryzon Materials Ltd

Ryzon Materials Ltd is an Australian unlisted public company that holds the Nachu Project through its wholly owned Tanzanian subsidiaries, Uranex Tanzania Limited and Magnis Technologies Tanzania Limited. The Tanzanian Project is a significant high-purity, large-flake graphite development project located in the Ruangwa region of Tanzania.

Forward-Looking Statements

This press release contains forward-looking statements. Statements other than statements of historical facts contained in this press release may be forward-looking statements. Statements regarding our future results of operations and financial position, business strategy and plans and objectives of management for future operations, including, among others, statements regarding the offering, expected growth, and future capital expenditures, are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Forward-looking statements contained in this press release include, but are not limited to statements about: (a) the expected timing and completion of the Transaction; (b) the anticipated benefits of the Transaction; (c) the expected development of the Tanzanian Project; (d) the anticipated receipt of stockholder and regulatory approvals; (e) the future financial and operational performance of the company following the Transaction; (f) our new management and Board of Directors’ ability to execute our business strategy, maintain effective internal controls, and manage our operations; (g) our ability to provide shareholder value through strategic alternatives, including potential partnerships, acquisitions and corporate transactions; (h) our ability to obtain the benefits of our recent private placement and strategic asset sale; (i) the continued market for freeze-dried candy; (j) our ability to compete successfully in the highly competitive industry in which we operate; (k) our ability to maintain and enhance our brand; (l) our ability to successfully implement our growth strategies related to launching new products and enter new markets; (m) the effectiveness and efficiency of our marketing programs; (n) our ability to manage current operations and to manage future growth effectively; (o) our future operating performance; (p) our ability to attract new customers or retain existing customers; (q) our ability to protect and maintain our intellectual property; (r) the government regulations to which we are subject; (s) our ability to maintain adequate liquidity to meet our financial obligations; (t) failure to obtain sufficient sales and distributions for our freeze dried product offerings; (u) the potential for supply chain disruption and delay; (v) the potential for transportation, labor, and raw material cost increases; (w) our expectations with our new retail wins; (x) our ability to realize the cost savings from our facility consolidations and operational efficiency measures; (y) the ability of the Company to meet Nasdaq’s continued listing standards and Nasdaq’s willingness to grant any extensions to regain compliance or delist the Company; (z) the ability of the Company to successfully commission a technical report summary for the Nachu Project in compliance with S-K 1300 and to integrate and develop the Nachu Project following closing; (aa) the accuracy and reliability of mineral resource and mineral reserve estimates, economic analyses, and other technical information prepared by Ryzon under the JORC Code 2012; (bb) the ability to obtain financing for the development of the Nachu Project; (cc) the ability to maintain the current offtake agreement and to secure additional offtake agreements; (dd) the ability to construct and operate the Nachu Project within the estimated capital and operating cost parameters; (ee) the ability of the Company to successfully reposition as a critical minerals developer and to attract mining industry management, technical personnel, and board members with relevant expertise; (ff) the ability to re-confirm or re-establish existing offtake agreements on acceptable terms following closing; (gg) risks associated with the geopolitical environment in Tanzania, including changes in mining, tax, and investment laws; (hh) risks associated with the use of Chinese EPCM contractors and the potential impact on the project’s status under IRA/FEOC and EU CRMA critical mineral sourcing requirements; and (ii) such other risks and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission, including the risk factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2025. All information provided in this release is as of the date hereof and we undertake no duty to update this information except as required by law.

Contact Information

Sow Good Inc.

Sam Goldberg
Chief Executive Officer
[email protected]



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D.R. Horton, Inc., America’s Builder, Reports Fiscal 2026 Second Quarter Earnings and Declares Quarterly Dividend of $0.45 Per Share

D.R. Horton, Inc., America’s Builder, Reports Fiscal 2026 Second Quarter Earnings and Declares Quarterly Dividend of $0.45 Per Share

ARLINGTON, Texas–(BUSINESS WIRE)–
D.R. Horton, Inc. (NYSE:DHI), America’s Builder, today reported its second fiscal quarter results. All comparisons in this release are to the respective prior year period, unless noted otherwise.

Fiscal 2026 Second Quarter Highlights

As of or for the quarter ended March 31, 2026

  • Net income attributable to D.R. Horton of $647.9 million or $2.24 per diluted share

  • Consolidated pre-tax income of $867.4 million, with a pre-tax profit margin of 11.5%

  • Consolidated revenues of $7.6 billion

  • Home sales revenues of $7.0 billion on 19,486 homes closed

  • Net sales orders increased 11% to 24,992 homes with an order value of $9.2 billion

  • Debt to total capital of 21.7%

  • Book value per share increased 5% to $82.91

  • Repurchased 6.0 million shares of common stock for $903.6 million and paid cash dividends of $129.7 million

Consolidated Results

Three months ended March 31, 2026

Net income attributable to D.R. Horton for its second fiscal quarter decreased 20% to $647.9 million, and earnings per diluted share decreased 13% to $2.24. Consolidated pre-tax income totaled $867.4 million on revenues of $7.6 billion, resulting in a pre-tax profit margin of 11.5%. Second quarter consolidated pre-tax profit margin and home sales gross margin both include a 40 basis point benefit from a favorable litigation outcome and lower warranty costs.

Six months ended March 31, 2026

Net income attributable to D.R. Horton for the first six months of fiscal 2026 decreased 25% to $1.2 billion, and earnings per diluted share decreased 18% to $4.27. Consolidated pre-tax income totaled $1.7 billion on revenues of $14.4 billion, resulting in a pre-tax profit margin of 11.5%. Consolidated pre-tax profit margin and home sales gross margin for the first six months of fiscal 2026 both include a 50 basis point benefit from a favorable litigation outcome and lower warranty costs.

Cash provided by operations was $441.5 million during the six months ended March 31, 2026. Total liquidity at quarter end was $6.0 billion, and the Company’s debt to total capital ratio was 21.7%. Debt to total capital ratio consists of notes payable divided by stockholders’ equity plus notes payable. The Company has $600 million of homebuilding senior notes maturing in the next twelve months.

For the trailing twelve months ended March 31, 2026, the Company’s return on equity (ROE) was 13.2% and return on assets (ROA) was 8.9%. ROE is calculated as net income attributable to D.R. Horton for the trailing twelve months divided by average stockholders’ equity, where average stockholders’ equity is the sum of ending stockholders’ equity balances of the trailing five quarters divided by five. ROA is calculated as net income attributable to D.R. Horton for the trailing twelve months divided by average consolidated assets, where average consolidated assets is the sum of total asset balances for the trailing five quarters divided by five.

David Auld, Executive Chairman, said:

“The D.R. Horton team delivered a solid second quarter, highlighted by a pre-tax profit margin of 11.5%, above the high end of our guidance range. Consistent with our balanced approach to capital allocation and strong cash flow generation, we returned $1.0 billion to shareholders through share repurchases and dividends during the quarter.

“Affordability constraints and cautious consumer sentiment continue to impact new home demand; however, our tenured operators executed with discipline, driving an 11% year‑over‑year increase in net sales orders, while reducing unsold completed homes by 35% from a year ago. We expect our sales incentives to remain elevated in fiscal 2026, with incentive levels dependent on demand, mortgage interest rates and other market conditions. Based on our performance year to date, we remain on track to deliver results within our original fiscal 2026 guidance.

“Our strong liquidity, low leverage, national scale, affordable product offerings and controlled lot supply provide significant financial and operational flexibility. We remain focused on disciplined capital allocation and are well-positioned to deliver value to our homebuyers while enhancing long-term value for our shareholders.”

Homebuilding

Three months ended March 31, 2026

Homebuilding revenue for the second quarter decreased 2% to $7.1 billion, and homes closed increased 1% to 19,486 homes. Homebuilding pre-tax income decreased 19% to $757.9 million, and pre-tax profit margin was 10.7%. Net sales orders increased 11% to 24,992 homes with an order value of $9.2 billion. The Company’s cancellation rate (cancelled sales orders divided by gross sales orders) for the quarter was 16%, consistent with the prior year quarter.

Six months ended March 31, 2026

Homebuilding revenue for the first six months of fiscal 2026 decreased 5% to $13.6 billion, and homes closed decreased 3% to 37,304 homes. Homebuilding pre-tax income decreased 25% to $1.5 billion, and pre-tax profit margin was 10.8%. Net sales orders increased 7% to 43,292 homes with an order value of $15.8 billion. The cancellation rate for the first six months of fiscal 2026 was 17%, consistent with the prior year period.

At quarter end, the Company had 38,200 homes in inventory, of which 22,900 were unsold. 5,500 of the Company’s unsold homes were completed, including 800 that had been completed for greater than six months. Of the Company’s homes closed during the six months ended March 31, 2026, 67% were on lots developed by Forestar or third parties, up from 65% during the prior year period.

The Company’s homebuilding return on inventory (ROI) for the trailing twelve months ended March 31, 2026 was 17.6%. Homebuilding ROI is calculated as homebuilding pre-tax income for the trailing twelve months divided by average inventory, where average inventory is the sum of ending homebuilding inventory balances for the trailing five quarters divided by five.

Non-Homebuilding Segments

Three months ended March 31, 2026

  • Rental: Rental operations revenues were $211.8 million from the sale of 566 single-family rental homes and 216 multi-family rental units with pre-tax income of $12.3 million, resulting in a pre-tax profit margin of 5.8%.
  • Forestar: Forestar sold 2,938 lots and generated $374.3 million of revenue and $43.9 million of pre-tax income, resulting in a pre-tax profit margin of 11.7%.
  • Financial Services: Financial services revenues were $192.8 million with pre-tax income of $51.7 million, resulting in a pre-tax profit margin of 26.8%.

Six months ended March 31, 2026

  • Rental: Rental operations revenues were $321.3 million from the sale of 963 single-family rental homes and 216 multi-family rental units with pre-tax income of $12.5 million, resulting in a pre-tax profit margin of 3.9%.
  • Forestar: Forestar sold 4,882 lots and generated $647.3 million of revenue and $64.8 million of pre-tax income, resulting in a pre-tax profit margin of 10.0%.
  • Financial Services: Financial services revenues were $377.4 million with pre-tax income of $109.7 million, resulting in a pre-tax profit margin of 29.1%.

Share Repurchases and Dividends

During the second quarter of fiscal 2026, the Company repurchased 6.0 million shares of common stock for $903.6 million, for a total of 10.4 million shares repurchased for $1.6 billion during the six months ended March 31, 2026. Common shares outstanding at March 31, 2026 totaled 284.9 million, down 8% from a year ago, and the Company’s remaining stock repurchase authorization was $1.7 billion.

The Company paid cash dividends of $129.7 million during the second quarter of fiscal 2026, for a total of $261.2 million of dividends paid during the six months ended March 31, 2026. Subsequent to quarter end, the Company declared a quarterly cash dividend of $0.45 per share payable on May 14, 2026 to stockholders of record on May 7, 2026.

Guidance

Based on the Company’s results for the first six months of fiscal 2026 and current market conditions, D.R. Horton is updating its guidance for fiscal 2026 as follows:

  • Consolidated revenues in the range of $33.5 billion to $34.5 billion

  • Homes closed by homebuilding operations of 86,000 homes to 87,500 homes

The company is reiterating its fiscal 2026 guidance as follows:

  • Income tax rate of approximately 24.5%

  • Consolidated cash flow provided by operations of at least $3.0 billion

  • Share repurchases of approximately $2.5 billion

  • Dividend payments of approximately $500 million

The Company plans to also provide guidance for its third quarter of fiscal 2026 on its conference call today.

Conference Call and Webcast Details

The Company will host a conference call today (Tuesday, April 21) at 8:30 a.m. Eastern Time. The dial-in number is 888-506-0062 (reference entry code 659301), and the call will also be webcast from the Company’s website at investor.drhorton.com.

Third Quarter Conference Call

As previously announced, the Company plans to release financial results for its third quarter of fiscal 2026 on Tuesday, July 21, 2026 before the market opens, with a conference call at 8:30 a.m. Eastern Time. Details on how to access the call will be available at a later date.

About D.R. Horton, Inc.

D.R. Horton, Inc., America’s Builder, has been the largest homebuilder by volume in the United States since 2002 and has closed more than 1.2 million homes in its 47-year history. D.R. Horton has operations in 126 markets in 36 states across the United States and is engaged in the construction and sale of high-quality homes through its diverse product portfolio with sales prices generally ranging from $200,000 to over $1,000,000. The Company also constructs and sells both single-family and multi-family rental properties. During the twelve-month period ended March 31, 2026, D.R. Horton closed 83,832 homes in its homebuilding operations, in addition to 3,593 single-family rental homes and 2,359 multi-family rental units in its rental operations. D.R. Horton also provides mortgage financing, title services and insurance agency services for its homebuyers and is the majority-owner of Forestar Group Inc., a publicly traded national residential lot development company.

Forward-Looking Statements

Portions of this document may constitute “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Although D.R. Horton 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 D.R. Horton on the date this release was issued. D.R. Horton does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements in this release include that affordability constraints and cautious consumer sentiment continue to impact new home demand; we expect our sales incentives to remain elevated in fiscal 2026, with incentive levels dependent on demand, mortgage interest rates and other market conditions; we remain on track to deliver results within our original fiscal 2026 guidance; our strong liquidity, low leverage, national scale, affordable product offerings and controlled lot supply provide significant financial and operational flexibility; and we remain focused on disciplined capital allocation and are well-positioned to deliver value to our homebuyers while enhancing long-term value for our shareholders. The forward-looking statements also include all metrics in the Guidance section.

Factors that may cause the actual results to be materially different from the future results expressed by the forward-looking statements include, but are not limited to:

  • the cyclical nature of the homebuilding, rental and lot development industries and changes in economic, real estate or other conditions;

  • adverse developments affecting the capital markets and financial institutions, which could limit our ability to access capital, increase our cost of capital and impact our liquidity and capital resources;

  • reductions in the availability of mortgage financing provided by government agencies, changes in government financing programs, a decrease in our ability to sell mortgage loans on attractive terms or an increase in mortgage interest rates;

  • the risks associated with our land, lot and rental inventory;

  • our ability to effect our growth strategies, acquisitions, investments or other strategic initiatives successfully;

  • the impact of an inflationary, deflationary or higher interest rate environment;

  • risks of acquiring land, building materials and skilled labor and challenges obtaining regulatory approvals;

  • the effects of public health issues such as a major epidemic or pandemic on the economy and our businesses;

  • the effects of weather conditions and natural disasters on our business and financial results;

  • home warranty and construction defect claims;

  • the effects of health and safety incidents;

  • reductions in the availability of performance bonds;

  • increases in the costs of owning a home;

  • the effects of information technology failures, cybersecurity incidents, and the failure to satisfy privacy and data protection laws and regulations;

  • the effects of governmental regulations and environmental matters on our land development and housing operations;

  • the effects of changes in income tax and securities laws;

  • the effects of governmental regulations on our financial services operations;

  • the effects of competitive conditions within the industries in which we operate;

  • our ability to manage and service our debt and comply with related debt covenants, restrictions and limitations;

  • the effects of negative publicity;

  • the effects of the loss of key personnel; and

  • the effects of actions by activist stockholders.

Additional information about issues that could lead to material changes in performance is contained in D.R. Horton’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.

 

D.R. HORTON, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(UNAUDITED)

 

 

March 31,

2026

 

September 30,

2025

 

(In millions)

ASSETS

 

 

 

Cash and cash equivalents

$

1,917.9

 

 

$

2,985.4

 

Restricted cash

 

56.3

 

 

 

47.9

 

Total cash, cash equivalents and restricted cash

 

1,974.2

 

 

 

3,033.3

 

Inventories:

 

 

 

Construction in progress and finished homes

 

8,551.7

 

 

 

7,648.5

 

Residential land and lots — developed, under development,

held for development and held for sale

 

14,751.6

 

 

 

14,935.5

 

Rental properties

 

3,000.5

 

 

 

2,703.3

 

Total inventory

 

26,303.8

 

 

 

25,287.3

 

Mortgage loans held for sale

 

2,680.8

 

 

 

2,566.5

 

Deferred tax asset, net

 

—

 

 

 

44.5

 

Property and equipment, net

 

593.1

 

 

 

578.9

 

Other assets

 

3,851.5

 

 

 

3,797.2

 

Goodwill

 

163.5

 

 

 

163.5

 

Total assets

$

35,566.9

 

 

$

35,471.2

 

LIABILITIES

 

 

 

Accounts payable

$

1,323.5

 

 

$

1,221.9

 

Deferred tax liability, net

 

8.4

 

 

 

—

 

Accrued expenses and other liabilities

 

3,472.2

 

 

 

3,541.6

 

Notes payable

 

6,563.8

 

 

 

5,965.5

 

Total liabilities

 

11,367.9

 

 

 

10,729.0

 

EQUITY

 

 

 

Common stock, $.01 par value, 1,000,000,000 shares authorized,

404,879,728 shares issued and 284,940,888 shares outstanding at March 31, 2026 and

404,031,443 shares issued and 294,475,153 shares outstanding at September 30, 2025

 

4.0

 

 

 

4.0

 

Additional paid-in capital

 

3,603.3

 

 

 

3,576.1

 

Retained earnings

 

32,022.9

 

 

 

31,041.4

 

Treasury stock, 119,938,840 shares and 109,556,290 shares at

March 31, 2026 and September 30, 2025, respectively, at cost

 

(12,004.4

)

 

 

(10,431.1

)

Stockholders’ equity

 

23,625.8

 

 

 

24,190.4

 

Noncontrolling interests

 

573.2

 

 

 

551.8

 

Total equity

 

24,199.0

 

 

 

24,742.2

 

Total liabilities and equity

$

35,566.9

 

 

$

35,471.2

 

 

D.R. HORTON, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)

 

 

Three Months Ended

March 31,

 

Six Months Ended

March 31,

 

 

2026

 

 

 

2025

 

 

 

2026

 

 

 

2025

 

 

(In millions, except per share data)

Revenues

$

7,558.1

 

 

$

7,734.0

 

 

$

14,445.0

 

 

$

15,347.0

 

Cost of sales

 

5,854.8

 

 

 

5,833.8

 

 

 

11,147.0

 

 

 

11,536.6

 

Selling, general and administrative expense

 

903.3

 

 

 

898.7

 

 

 

1,768.4

 

 

 

1,776.8

 

Other (income) expense

 

(67.4

)

 

 

(65.6

)

 

 

(135.8

)

 

 

(143.4

)

Income before income taxes

 

867.4

 

 

 

1,067.1

 

 

 

1,665.4

 

 

 

2,177.0

 

Income tax expense

 

209.4

 

 

 

248.0

 

 

 

406.0

 

 

 

506.0

 

Net income

 

658.0

 

 

 

819.1

 

 

 

1,259.4

 

 

 

1,671.0

 

Net income attributable to noncontrolling interests

 

10.1

 

 

 

8.7

 

 

 

16.7

 

 

 

15.7

 

Net income attributable to D.R. Horton, Inc.

$

647.9

 

 

$

810.4

 

 

$

1,242.7

 

 

$

1,655.3

 

 

 

 

 

 

 

 

 

Net income per share attributable to D.R. Horton, Inc.

 

 

 

 

 

 

 

Basic

$

2.25

 

 

$

2.59

 

 

$

4.28

 

 

$

5.22

 

Diluted

$

2.24

 

 

$

2.58

 

 

$

4.27

 

 

$

5.19

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

 

 

 

 

 

Basic

 

287.9

 

 

 

312.5

 

 

 

290.1

 

 

 

317.0

 

Diluted

 

289.0

 

 

 

314.0

 

 

 

291.2

 

 

 

318.7

 

 

 

 

 

 

 

 

 

Other Consolidated Financial Data

 

 

 

 

 

 

 

Interest charged to cost of sales

$

38.1

 

 

$

32.2

 

 

$

69.4

 

 

$

62.5

 

Depreciation and amortization

$

28.1

 

 

$

24.6

 

 

$

55.8

 

 

$

48.7

 

Interest incurred

$

60.0

 

 

$

55.2

 

 

$

116.5

 

 

$

101.9

 

 

D.R. HORTON, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

 

 

Six Months Ended

March 31,

 

 

2026

 

 

 

2025

 

 

(In millions)

OPERATING ACTIVITIES

 

 

 

Net income

$

1,259.4

 

 

$

1,671.0

 

Adjustments to reconcile net income to net cash provided by operating activities:

 

 

 

Depreciation and amortization

 

55.8

 

 

 

48.7

 

Stock-based compensation expense

 

76.0

 

 

 

75.2

 

Deferred income taxes

 

53.1

 

 

 

93.1

 

Inventory and land option charges

 

43.4

 

 

 

46.6

 

Changes in operating assets and liabilities:

 

 

 

(Increase) decrease in construction in progress and finished homes

 

(884.3

)

 

 

229.8

 

Decrease (increase) in residential land and lots –

developed, under development, held for development and held for sale

 

194.9

 

 

 

(1,588.9

)

Increase in rental properties

 

(297.5

)

 

 

(216.0

)

Increase in other assets

 

(26.2

)

 

 

(122.9

)

(Increase) decrease in mortgage loans held for sale

 

(114.3

)

 

 

22.5

 

Increase (decrease) in accounts payable, accrued expenses and other liabilities

 

81.2

 

 

 

(48.6

)

Net cash provided by operating activities

 

441.5

 

 

 

210.5

 

INVESTING ACTIVITIES

 

 

 

Expenditures for property and equipment

 

(64.6

)

 

 

(47.6

)

Payments related to business acquisitions, net of cash acquired

 

(87.9

)

 

 

(53.1

)

Other investing activities

 

(7.9

)

 

 

6.2

 

Net cash used in investing activities

 

(160.4

)

 

 

(94.5

)

FINANCING ACTIVITIES

 

 

 

Proceeds from notes payable

 

1,395.0

 

 

 

2,222.0

 

Repayment of notes payable

 

(891.8

)

 

 

(1,566.1

)

Borrowings (repayment) on mortgage repurchase facilities, net

 

69.9

 

 

 

(86.4

)

Proceeds from stock associated with certain employee benefit plans

 

8.9

 

 

 

8.5

 

Cash paid for shares withheld for taxes

 

(54.4

)

 

 

(63.4

)

Cash dividends paid

 

(261.2

)

 

 

(254.0

)

Repurchases of common stock

 

(1,599.8

)

 

 

(2,407.9

)

Net other financing activities

 

(6.8

)

 

 

5.4

 

Net cash used in financing activities

 

(1,340.2

)

 

 

(2,141.9

)

Net decrease in cash, cash equivalents and restricted cash

 

(1,059.1

)

 

 

(2,025.9

)

Cash, cash equivalents and restricted cash at beginning of period

 

3,033.3

 

 

 

4,544.0

 

Cash, cash equivalents and restricted cash at end of period

$

1,974.2

 

 

$

2,518.1

 

SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES

 

 

 

Stock issued under employee incentive plans

$

111.1

 

 

$

143.5

 

 

D.R. HORTON, INC. AND SUBSIDIARIES

SEGMENT INFORMATION

(UNAUDITED)

 

 

 

March 31, 2026

 

 

Homebuilding

 

Rental

 

Forestar

 

Financial

Services

 

Eliminations

and Other (1)

 

Consolidated

 

 

(In millions)

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

1,139.3

 

$

142.5

 

 

$

362.2

 

$

242.4

 

$

31.5

 

 

$

1,917.9

Restricted cash

 

 

26.1

 

 

 

3.5

 

 

 

—

 

 

 

26.7

 

 

 

—

 

 

 

56.3

 

Inventories:

 

 

 

 

 

 

 

 

 

 

 

 

Construction in progress and finished homes

 

 

8,682.5

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(130.8

)

 

 

8,551.7

 

Residential land and lots

 

 

12,286.8

 

 

 

—

 

 

 

2,709.7

 

 

 

—

 

 

 

(244.9

)

 

 

14,751.6

 

Rental properties

 

 

—

 

 

 

3,011.1

 

 

 

—

 

 

 

—

 

 

 

(10.6

)

 

 

3,000.5

 

 

 

 

20,969.3

 

 

 

3,011.1

 

 

 

2,709.7

 

 

 

—

 

 

 

(386.3

)

 

 

26,303.8

 

Mortgage loans held for sale

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,680.8

 

 

 

—

 

 

 

2,680.8

 

Deferred tax asset, net

 

 

70.8

 

 

 

(42.2

)

 

 

—

 

 

 

—

 

 

 

(28.6

)

 

 

—

 

Property and equipment, net

 

 

557.1

 

 

 

0.6

 

 

 

7.7

 

 

 

4.2

 

 

 

23.5

 

 

 

593.1

 

Other assets

 

 

3,553.5

 

 

 

51.7

 

 

 

93.0

 

 

 

177.7

 

 

 

(24.4

)

 

 

3,851.5

 

Goodwill

 

 

134.3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

29.2

 

 

 

163.5

 

 

 

$

26,450.4

 

 

$

3,167.2

 

 

$

3,172.6

 

 

$

3,131.8

 

 

$

(355.1

)

 

$

35,566.9

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

1,153.4

 

 

$

203.3

 

 

$

73.3

 

 

$

0.4

 

 

$

(106.9

)

 

$

1,323.5

 

Deferred tax liability, net

 

 

—

 

 

 

—

 

 

 

84.3

 

 

 

—

 

 

 

(75.9

)

 

 

8.4

 

Accrued expenses and other liabilities

 

 

3,038.7

 

 

 

41.2

 

 

 

401.6

 

 

 

414.2

 

 

 

(423.5

)

 

 

3,472.2

 

Notes payable

 

 

3,427.1

 

 

 

865.0

 

 

 

793.5

 

 

 

1,478.2

 

 

 

—

 

 

 

6,563.8

 

 

 

$

7,619.2

 

 

$

1,109.5

 

 

$

1,352.7

 

 

$

1,892.8

 

 

$

(606.3

)

 

$

11,367.9

 
 

 

 

September 30, 2025

 

 

Homebuilding

 

Rental

 

Forestar

 

Financial

Services

 

Eliminations

and Other (1)

 

Consolidated

 

 

(In millions)

Assets

 

 

 

 

 

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

2,210.5

 

$

140.8

 

$

379.2

 

$

244.5

 

$

10.4

 

 

$

2,985.4

Restricted cash

 

 

25.5

 

 

 

2.5

 

 

 

—

 

 

 

19.9

 

 

 

—

 

 

 

47.9

 

Inventories:

 

 

 

 

 

 

 

 

 

 

 

 

Construction in progress and finished homes

 

 

7,743.7

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(95.2

)

 

 

7,648.5

 

Residential land and lots

 

 

12,572.8

 

 

 

—

 

 

 

2,645.1

 

 

 

—

 

 

 

(282.4

)

 

 

14,935.5

 

Rental properties

 

 

—

 

 

 

2,710.4

 

 

 

—

 

 

 

—

 

 

 

(7.1

)

 

 

2,703.3

 

 

 

 

20,316.5

 

 

 

2,710.4

 

 

 

2,645.1

 

 

 

—

 

 

 

(384.7

)

 

 

25,287.3

 

Mortgage loans held for sale

 

 

—

 

 

 

—

 

 

 

—

 

 

 

2,566.5

 

 

 

—

 

 

 

2,566.5

 

Deferred tax asset, net

 

 

125.7

 

 

 

(42.2

)

 

 

—

 

 

 

—

 

 

 

(39.0

)

 

 

44.5

 

Property and equipment, net

 

 

543.0

 

 

 

0.6

 

 

 

8.1

 

 

 

4.3

 

 

 

22.9

 

 

 

578.9

 

Other assets

 

 

3,344.1

 

 

 

38.9

 

 

 

104.6

 

 

 

220.6

 

 

 

89.0

 

 

 

3,797.2

 

Goodwill

 

 

134.3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

29.2

 

 

 

163.5

 

 

 

$

26,699.6

 

 

$

2,851.0

 

 

$

3,137.0

 

 

$

3,055.8

 

 

$

(272.2

)

 

$

35,471.2

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

Accounts payable

 

$

1,016.8

 

 

$

230.6

 

 

$

71.0

 

 

$

0.7

 

 

$

(97.2

)

 

$

1,221.9

 

Accrued expenses and other liabilities

 

 

3,122.1

 

 

 

34.7

 

 

 

494.3

 

 

 

294.7

 

 

 

(404.2

)

 

 

3,541.6

 

Notes payable

 

 

3,154.4

 

 

 

600.0

 

 

 

802.8

 

 

 

1,408.3

 

 

 

—

 

 

 

5,965.5

 

 

 

$

7,293.3

 

 

$

865.3

 

 

$

1,368.1

 

 

$

1,703.7

 

 

$

(501.4

)

 

$

10,729.0

 

_________________

(1)

Amounts include the balances of the Company’s other businesses and the elimination of intercompany transactions.

 

D.R. HORTON, INC. AND SUBSIDIARIES

SEGMENT INFORMATION

(UNAUDITED)

 

 

 

Three Months Ended March 31, 2026

 

 

Homebuilding

 

Rental

 

Forestar

 

Financial

Services

 

Eliminations

and Other (1)

 

Consolidated

 

 

(In millions)

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Home sales

 

$

7,045.5

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

7,045.5

 

Land/lot sales and other

 

 

17.7

 

 

 

—

 

 

 

374.3

 

 

 

—

 

 

 

(284.0

)

 

 

108.0

 

Rental property sales

 

 

—

 

 

 

211.8

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

211.8

 

Financial services

 

 

—

 

 

 

—

 

 

 

—

 

 

 

192.8

 

 

 

—

 

 

 

192.8

 

 

 

 

7,063.2

 

 

 

211.8

 

 

 

374.3

 

 

 

192.8

 

 

 

(284.0

)

 

 

7,558.1

 

Cost of sales

 

 

 

 

 

 

 

 

 

 

 

 

Home sales (2)

 

 

5,628.7

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(63.5

)

 

 

5,565.2

 

Land/lot sales and other

 

 

13.3

 

 

 

—

 

 

 

287.8

 

 

 

—

 

 

 

(226.1

)

 

 

75.0

 

Rental property sales

 

 

—

 

 

 

182.9

 

 

 

—

 

 

 

—

 

 

 

(0.4

)

 

 

182.5

 

Inventory and land option charges

 

 

25.5

 

 

 

0.3

 

 

 

6.3

 

 

 

—

 

 

 

—

 

 

 

32.1

 

 

 

 

5,667.5

 

 

 

183.2

 

 

 

294.1

 

 

 

—

 

 

 

(290.0

)

 

 

5,854.8

 

Selling, general and administrative expense

 

 

648.9

 

 

 

52.0

 

 

 

37.9

 

 

 

159.8

 

 

 

4.7

 

 

 

903.3

 

Other (income) expense (3)

 

 

(11.1

)

 

 

(35.7

)

 

 

(1.6

)

 

 

(18.7

)

 

 

(0.3

)

 

 

(67.4

)

Income before income taxes

 

$

757.9

 

 

$

12.3

 

 

$

43.9

 

 

$

51.7

 

 

$

1.6

 

 

$

867.4

 
 

 

 

Six Months Ended March 31, 2026

 

 

Homebuilding

 

Rental

 

Forestar

 

Financial

Services

 

Eliminations

and Other (1)

 

Consolidated

 

 

(In millions)

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Home sales

 

$

13,558.2

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

13,558.2

 

Land/lot sales and other

 

 

33.9

 

 

 

—

 

 

 

647.3

 

 

 

—

 

 

 

(493.1

)

 

 

188.1

 

Rental property sales

 

 

—

 

 

 

321.3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

321.3

 

Financial services

 

 

—

 

 

 

—

 

 

 

—

 

 

 

377.4

 

 

 

—

 

 

 

377.4

 

 

 

 

13,592.1

 

 

 

321.3

 

 

 

647.3

 

 

 

377.4

 

 

 

(493.1

)

 

 

14,445.0

 

Cost of sales

 

 

 

 

 

 

 

 

 

 

 

 

Home sales (2)

 

 

10,810.6

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(116.1

)

 

 

10,694.5

 

Land/lot sales and other

 

 

26.7

 

 

 

—

 

 

 

505.0

 

 

 

—

 

 

 

(397.7

)

 

 

134.0

 

Rental property sales

 

 

—

 

 

 

275.7

 

 

 

—

 

 

 

—

 

 

 

(0.6

)

 

 

275.1

 

Inventory and land option charges

 

 

35.7

 

 

 

0.4

 

 

 

7.1

 

 

 

—

 

 

 

0.2

 

 

 

43.4

 

 

 

 

10,873.0

 

 

 

276.1

 

 

 

512.1

 

 

 

—

 

 

 

(514.2

)

 

 

11,147.0

 

Selling, general and administrative expense

 

 

1,281.4

 

 

 

98.9

 

 

 

74.3

 

 

 

304.8

 

 

 

9.0

 

 

 

1,768.4

 

Other (income) expense (3)

 

 

(28.3

)

 

 

(66.2

)

 

 

(3.9

)

 

 

(37.1

)

 

 

(0.3

)

 

 

(135.8

)

Income before income taxes

 

$

1,466.0

 

 

$

12.5

 

 

$

64.8

 

 

$

109.7

 

 

$

12.4

 

 

$

1,665.4

 

Summary Cash Flow Information

 

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) operating

activities

 

$

618.8

 

 

$

(321.0

)

 

$

(5.1

)

 

$

136.6

 

 

$

12.2

 

 

$

441.5

 

__________

(1)

Amounts include the results of the Company’s other businesses and the elimination of intercompany transactions.

(2)

Amount in the Eliminations and Other column represents the recognition of profit on lots sold from Forestar to the homebuilding segment. Intercompany profit is eliminated in the consolidated financial statements when Forestar sells lots to the homebuilding segment and is recognized in the consolidated financial statements when the homebuilding segment closes homes on the lots to homebuyers.

(3)

Other (income) expense primarily includes interest income but also consists of various other types of ancillary income, gains, expenses and losses not directly associated with sales of homes, land and lots.

 

D.R. HORTON, INC. AND SUBSIDIARIES

SEGMENT INFORMATION

(UNAUDITED)

 

 

 

Three Months Ended March 31, 2025

 

 

Homebuilding

 

Rental

 

Forestar

 

Financial

Services

 

Eliminations

and Other (1)

 

Consolidated

 

 

(In millions)

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Home sales

 

$

7,180.9

 

 

$

—

 

 

$

—

 

$

—

 

 

$

—

 

 

$

7,180.9

 

Land/lot sales and other

 

 

22.0

 

 

 

—

 

 

 

351.0

 

 

 

—

 

 

 

(269.4

)

 

 

103.6

 

Rental property sales

 

 

—

 

 

 

236.6

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

236.6

 

Financial services

 

 

—

 

 

 

—

 

 

 

—

 

 

 

212.9

 

 

 

—

 

 

 

212.9

 

 

 

 

7,202.9

 

 

 

236.6

 

 

 

351.0

 

 

 

212.9

 

 

 

(269.4

)

 

 

7,734.0

 

Cost of sales

 

 

 

 

 

 

 

 

 

 

 

 

Home sales (2)

 

 

5,614.7

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(49.8

)

 

 

5,564.9

 

Land/lot sales and other

 

 

3.0

 

 

 

—

 

 

 

270.9

 

 

 

—

 

 

 

(217.8

)

 

 

56.1

 

Rental property sales

 

 

—

 

 

 

182.8

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

182.8

 

Inventory and land option charges

 

 

29.4

 

 

 

0.3

 

 

 

0.9

 

 

 

—

 

 

 

(0.6

)

 

 

30.0

 

 

 

 

5,647.1

 

 

 

183.1

 

 

 

271.8

 

 

 

—

 

 

 

(268.2

)

 

 

5,833.8

 

Selling, general and administrative expense

 

 

637.8

 

 

 

58.0

 

 

 

38.4

 

 

 

160.3

 

 

 

4.2

 

 

 

898.7

 

Other (income) expense (3)

 

 

(17.0

)

 

 

(27.3

)

 

 

0.1

 

 

 

(20.4

)

 

 

(1.0

)

 

 

(65.6

)

Income before income taxes

 

$

935.0

 

 

$

22.8

 

 

$

40.7

 

 

$

73.0

 

 

$

(4.4

)

 

$

1,067.1

 
 

 

 

Six Months Ended March 31, 2025

 

 

Homebuilding

 

Rental

 

Forestar

 

Financial

Services

 

Eliminations

and Other (1)

 

Consolidated

 

 

(In millions)

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

Home sales

 

$

14,327.0

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

—

 

 

$

14,327.0

 

Land/lot sales and other

 

 

43.2

 

 

 

—

 

 

 

601.3

 

 

 

—

 

 

 

(474.0

)

 

 

170.5

 

Rental property sales

 

 

—

 

 

 

454.3

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

454.3

 

Financial services

 

 

—

 

 

 

—

 

 

 

—

 

 

 

395.2

 

 

 

—

 

 

 

395.2

 

 

 

 

14,370.2

 

 

 

454.3

 

 

 

601.3

 

 

 

395.2

 

 

 

(474.0

)

 

 

15,347.0

 

Cost of sales

 

 

 

 

 

 

 

 

 

 

 

 

Home sales (2)

 

 

11,136.7

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(103.1

)

 

 

11,033.6

 

Land/lot sales and other

 

 

16.7

 

 

 

—

 

 

 

465.2

 

 

 

—

 

 

 

(387.7

)

 

 

94.2

 

Rental property sales

 

 

—

 

 

 

362.2

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

362.2

 

Inventory and land option charges

 

 

41.3

 

 

 

3.9

 

 

 

2.0

 

 

 

—

 

 

 

(0.6

)

 

 

46.6

 

 

 

 

11,194.7

 

 

 

366.1

 

 

 

467.2

 

 

 

—

 

 

 

(491.4

)

 

 

11,536.6

 

Selling, general and administrative expense

 

 

1,274.5

 

 

 

104.3

 

 

 

74.3

 

 

 

314.5

 

 

 

9.2

 

 

 

1,776.8

 

Other (income) expense (3)

 

 

(46.9

)

 

 

(50.8

)

 

 

(2.8

)

 

 

(40.9

)

 

 

(2.0

)

 

 

(143.4

)

Income before income taxes

 

$

1,947.9

 

 

$

34.7

 

 

$

62.6

 

 

$

121.6

 

 

$

10.2

 

 

$

2,177.0

 

Summary Cash Flow Information

 

 

 

 

 

 

 

 

 

 

 

 

Cash provided by (used in) operating

activities

 

$

876.0

 

 

$

(381.6

)

 

$

(469.8

)

 

$

197.2

 

 

$

(11.3

)

 

$

210.5

 

__________

(1)

Amounts include the results of the Company’s other businesses and the elimination of intercompany transactions.

(2)

Amount in the Eliminations and Other column represents the recognition of profit on lots sold from Forestar to the homebuilding segment. Intercompany profit is eliminated in the consolidated financial statements when Forestar sells lots to the homebuilding segment and is recognized in the consolidated financial statements when the homebuilding segment closes homes on the lots to homebuyers.

(3)

Other (income) expense primarily includes interest income but also consists of various other types of ancillary income, gains, expenses and losses not directly associated with sales of homes, land and lots.

 

D.R. HORTON, INC. AND SUBSIDIARIES

SALES, CLOSINGS AND BACKLOG

HOMEBUILDING SEGMENT

(Dollars in millions)

 

NET SALES ORDERS

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

Six Months Ended March 31,

 

 

2026

 

2025

 

2026

 

2025

 

 

Homes

 

Value

 

Homes

 

Value

 

Homes

 

Value

 

Homes

 

Value

Northwest

 

1,234

 

$

672.0

 

1,390

 

$

762.7

 

2,157

 

$

1,159.6

 

2,409

 

$

1,296.4

Southwest

 

2,646

 

 

1,276.6

 

2,371

 

 

1,143.7

 

4,668

 

 

2,242.7

 

4,545

 

 

2,193.1

South Central

 

6,821

 

 

2,040.2

 

5,958

 

 

1,853.5

 

11,752

 

 

3,517.6

 

10,517

 

 

3,284.2

Southeast

 

5,734

 

 

1,944.7

 

5,180

 

 

1,762.1

 

9,971

 

 

3,361.9

 

9,602

 

 

3,264.1

East

 

5,152

 

 

1,789.9

 

4,754

 

 

1,644.0

 

9,020

 

 

3,125.0

 

8,341

 

 

2,883.3

North

 

3,405

 

 

1,430.3

 

2,784

 

 

1,192.6

 

5,724

 

 

2,408.7

 

4,860

 

 

2,091.0

 

 

24,992

 

$

9,153.7

 

22,437

 

$

8,358.6

 

43,292

 

$

15,815.5

 

40,274

 

$

15,012.1

HOMES CLOSED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

Six Months Ended March 31,

 

 

2026

 

2025

 

2026

 

2025

 

 

Homes

 

Value

 

Homes

 

Value

 

Homes

 

Value

 

Homes

 

Value

Northwest

 

993

 

$

539.6

 

1,223

 

$

660.4

 

1,988

 

$

1,086.0

 

2,279

 

$

1,193.5

Southwest

 

2,169

 

 

1,025.1

 

2,206

 

 

1,063.6

 

4,060

 

 

1,915.0

 

4,541

 

 

2,203.6

South Central

 

5,111

 

 

1,511.4

 

4,968

 

 

1,530.0

 

9,739

 

 

2,900.7

 

9,704

 

 

3,016.5

Southeast

 

4,662

 

 

1,552.3

 

4,626

 

 

1,593.0

 

9,045

 

 

3,004.6

 

9,657

 

 

3,332.2

East

 

4,039

 

 

1,381.9

 

3,953

 

 

1,359.8

 

7,653

 

 

2,632.2

 

7,672

 

 

2,668.3

North

 

2,512

 

 

1,035.2

 

2,300

 

 

974.1

 

4,819

 

 

2,019.7

 

4,482

 

 

1,912.9

 

 

19,486

 

$

7,045.5

 

19,276

 

$

7,180.9

 

37,304

 

$

13,558.2

 

38,335

 

$

14,327.0

SALES ORDER BACKLOG

 

 

 

 

 

 

 

 

 

 

 

As of March 31,

 

 

2026

 

2025

 

 

Homes

 

Value

 

Homes

 

Value

Northwest

 

645

 

$

351.4

 

665

 

$

387.2

Southwest

 

1,643

 

 

814.1

 

1,218

 

 

613.1

South Central

 

4,448

 

 

1,369.9

 

3,567

 

 

1,161.4

Southeast

 

3,331

 

 

1,179.2

 

3,040

 

 

1,067.3

East

 

3,799

 

 

1,376.7

 

3,413

 

 

1,227.4

North

 

3,016

 

 

1,330.4

 

2,261

 

 

1,020.3

 

 

16,882

 

$

6,421.7

 

14,164

 

$

5,476.7

 

D.R. HORTON, INC. AND SUBSIDIARIES

LAND AND LOT POSITION AND HOMES IN INVENTORY

HOMEBUILDING SEGMENT

 

LAND AND LOT POSITION

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2026

 

September 30, 2025

 

Land/Lots

Owned

 

Lots Controlled

Through

Land and Lot

Purchase

Contracts (1)

 

Total

Land/Lots

Owned and

Controlled

 

Land/Lots

Owned

 

Lots Controlled

Through

Land and Lot

Purchase

Contracts (1)

 

Total

Land/Lots

Owned and

Controlled

Northwest

11,400

 

 

17,300

 

 

28,700

 

 

12,200

 

 

17,100

 

 

29,300

 

Southwest

18,000

 

 

29,000

 

 

47,000

 

 

19,600

 

 

31,200

 

 

50,800

 

South Central

31,100

 

 

116,800

 

 

147,900

 

 

35,900

 

 

111,900

 

 

147,800

 

Southeast

28,600

 

 

105,800

 

 

134,400

 

 

31,500

 

 

113,600

 

 

145,100

 

East

29,000

 

 

110,000

 

 

139,000

 

 

31,500

 

 

111,100

 

 

142,600

 

North

16,000

 

 

62,300

 

 

78,300

 

 

16,300

 

 

60,000

 

 

76,300

 

 

134,100

 

 

441,200

 

 

575,300

 

 

147,000

 

 

444,900

 

 

591,900

 

 

23

%

 

77

%

 

100

%

 

25

%

 

75

%

 

100

%

_____________

(1)

Lots controlled at March 31, 2026 included approximately 41,000 lots owned or controlled by Forestar, 22,900 of which our homebuilding divisions had under contract to purchase and 18,100 of which our homebuilding divisions had a right of first offer to purchase. Lots controlled at September 30, 2025 included approximately 40,400 lots owned or controlled by Forestar, 22,800 of which our homebuilding divisions had under contract to purchase and 17,600 of which our homebuilding divisions had a right of first offer to purchase.

HOMES IN INVENTORY (1)

 

 

 

 

 

 

 

March 31,

2026

 

September 30,

2025

Northwest

 

2,100

 

1,700

Southwest

 

3,700

 

3,200

South Central

 

10,300

 

7,700

Southeast

 

8,500

 

6,300

East

 

8,500

 

6,300

North

 

5,100

 

4,400

 

 

38,200

 

29,600

_____________

(1)

Homes in inventory exclude model homes and homes related to our rental operations.

 

D.R. Horton, Inc.

Jessica Hansen, 817-390-8200

Senior Vice President – Communications

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Other Construction & Property Residential Building & Real Estate Construction & Property

MEDIA:

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Posted on

Forestar Reports Fiscal 2026 Second Quarter Results

Forestar Reports Fiscal 2026 Second Quarter Results

ARLINGTON, Texas–(BUSINESS WIRE)–
Forestar Group Inc. (“Forestar”) (NYSE: FOR), a leading national residential lot developer, today reported financial results for its second fiscal quarter ended March 31, 2026.

Fiscal 2026 Second Quarter Highlights

As of or for the quarter ended March 31, 2026, unless otherwise noted

All comparisons to the prior year quarter

  • Net income attributable to Forestar increased 2% to $32.1 million or $0.63 per diluted share

  • Pre-tax income increased 8% to $43.9 million

  • Consolidated revenues increased 7% to $374.3 million on 2,938 lots sold

  • Owned and controlled 94,400 lots

  • 24,100 lots contracted for sale representing $2.2 billion of future revenue

  • Real estate of $2.7 billion

  • Total liquidity of $1.0 billion

  • Net debt to total capital ratio of 19.2%

  • Return on equity of 9.6% for the trailing twelve months ended March 31, 2026

  • Book value per share increased 10% to $35.66

Financial Results

Net income attributable to Forestar for the second quarter of fiscal 2026 increased 2% to $32.1 million, or $0.63 per diluted share, compared to $31.6 million, or $0.62 per diluted share, in the same quarter of fiscal 2025. Pre-tax income for the quarter increased 8% to $43.9 million from $40.7 million in the same quarter of fiscal 2025. Revenues for the second quarter increased 7% to $374.3 million from $351.0 million in the same quarter of fiscal 2025.

For the six months ended March 31, 2026, net income attributable to Forestar decreased 1% to $47.5 million, or $0.93 per diluted share, compared to $48.1 million, or $0.94 per diluted share, in the same period of fiscal 2025. Pre-tax income for the six months ended March 31, 2026 increased 4% to $64.8 million from $62.6 million in the same period of fiscal 2025. Revenues for the first six months of fiscal 2026 increased 8% to $647.3 million from $601.3 million in the same period of fiscal 2025.

The Company’s return on equity was 9.6% for the trailing twelve months ended March 31, 2026. Return on equity is calculated as net income attributable to Forestar for the trailing twelve months divided by average stockholders’ equity, where average stockholders’ equity is the sum of ending stockholders’ equity balances of the trailing five quarters divided by five.

Operational Results

Lots sold during the second quarter decreased 14% to 2,938 lots compared to 3,411 lots in the same quarter of fiscal 2025. During the second quarter of fiscal 2026, Forestar sold 488 lots to customers other than D.R. Horton, Inc. (“D.R. Horton”) compared to 910 lots in the prior year quarter. Lots sold to customers other than D.R. Horton in the prior year quarter included 362 lots that were sold to a lot banker who expects to sell those lots to D.R. Horton at a future date.

Lots sold during the six months ended March 31, 2026 decreased 15% to 4,882 lots compared to 5,744 lots in the same period of fiscal 2025. During the six months ended March 31, 2026, 805 lots were sold to customers other than D.R. Horton compared to 1,131 lots in the same period of fiscal 2025. Lots sold to customers other than D.R. Horton in the current year six-month period included 146 lots that were sold to a lot banker who expects to sell those lots to D.R. Horton at a future date compared to 362 lots in the prior year period.

The Company’s lot position at March 31, 2026 was 94,400 lots, of which 63,500 were owned and 30,900 were controlled through land and lot purchase contracts. Lots owned at March 31, 2026 included 9,300 that were fully developed. Of the Company’s owned lot position at March 31, 2026, 24,100 lots, or 38%, were under contract to be sold, representing approximately $2.2 billion of future revenue. Another 18,100 lots, or 29%, of the Company’s owned lots were subject to a right of first offer to D.R. Horton based on executed purchase and sale agreements at March 31, 2026.

Capital Structure, Leverage and Liquidity

Forestar ended the quarter with $362.2 million of unrestricted cash and $672.1 million of available borrowing capacity on its senior unsecured revolving credit facility for total liquidity of $1.0 billion. During the quarter, the Company increased the capacity of its senior unsecured revolving credit facility by $50 million. In addition, the Company collected $130.9 million of reimbursements related to infrastructure costs in utility and improvement districts. Debt at March 31, 2026 totaled $793.5 million, with no senior note maturities in the next twelve months. The Company’s net debt to total capital ratio at the end of the quarter was 19.2%. Net debt to total capital consists of debt net of unrestricted cash divided by stockholders’ equity plus debt net of unrestricted cash.

Outlook

Donald J. Tomnitz, Chairman of the Board, said, “The Forestar team achieved solid second quarter results including a 7% increase in revenues and an 8% increase in pre-tax income. Liquidity increased to $1.0 billion driven by financial discipline despite ongoing affordability constraints and cautious consumer sentiment that continue to impact the pace of new home sales. We continue to focus on maximizing returns in each of our projects by aligning the pace and price of lot sales with the timing of our investments to meet demand.

“Based on our fiscal year-to-date results and current market conditions, we are updating our fiscal 2026 lot delivery guidance to between 14,000 and 14,500 lots compared to our prior guidance of between 14,000 and 15,000 lots. We maintain our previous fiscal 2026 revenue guidance of $1.6 billion to $1.7 billion.

“Forestar is uniquely positioned to consistently supply finished lots that are essential to the homebuilding industry. Our strong balance sheet and liquidity provide flexibility and resilience to navigate through changing market conditions. We expect to continue aggregating market share, supported by our financial strength, substantial operating platform, strategic relationship with D.R. Horton and $2.2 billion of contracted future revenue. We remain committed to disciplined capital allocation while positioning Forestar for growth and long-term shareholder value.”

Conference Call and Webcast Details

The Company will host a conference call today (Tuesday, April 21) at 11:00 a.m. Eastern Time. The dial-in number is 888-506-0062, the entry code is 264058, and the call will also be webcast from the Company’s website at investor.forestar.com.

Third Quarter Conference Call

The Company plans to release financial results for its third quarter ended June 30, 2026 on July 21, 2026 before the market opens. The Company will host a conference call that morning at 11:00 a.m. Eastern Time. Details on how to access the conference call will be available at a later date.

About Forestar Group Inc.

Forestar Group Inc. is a residential lot development company with operations in 64 markets and 24 states. Based in Arlington, Texas, the Company delivered more than 13,300 residential lots during the twelve-month period ended March 31, 2026. Forestar is a majority-owned subsidiary of D.R. Horton, the largest homebuilder by volume in the United States since 2002.

Forward-Looking Statements

Portions of this document may constitute “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 this release was issued. Forestar does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements in this release include we now expect to deliver between 14,000 and 14,500 lots, generating $1.6 billion to $1.7 billion of revenue; Forestar is uniquely positioned to consistently supply finished lots that are essential to the homebuilding industry; our strong balance sheet and liquidity provide flexibility and resilience to navigate through changing market conditions; we expect to continue aggregating market share, supported by our financial strength, substantial operating platform, strategic relationship with D.R. Horton and $2.2 billion of contracted future revenue; and we remain committed to disciplined capital allocation while positioning Forestar for growth and long-term shareholder value.

Factors that may cause the actual results to be materially different from the future results expressed by the forward-looking statements include, but are not limited to: the effect of D.R. Horton’s controlling level of ownership on us and the holders of our securities; our ability to realize the potential benefits of the strategic relationship with D.R. Horton; the effect of our strategic relationship with D.R. Horton on our ability to maintain relationships with our customers; the cyclical nature of the homebuilding and lot development industries and changes in economic, real estate and other conditions; the impact of significant inflation, higher interest rates or deflation; supply shortages and other risks of acquiring land, construction materials and skilled labor; the effects of public health issues such as a major epidemic or pandemic on the economy and our business; the impacts of weather conditions and natural disasters; health and safety incidents relating to our operations; our ability to obtain or the availability of surety bonds to secure our performance related to construction and development activities and the pricing of bonds; the effect of information technology failures and the risk of cybersecurity incidents and the failure to satisfy privacy and data protection laws and regulations; the impact of governmental policies, laws or regulations and actions or restrictions of regulatory agencies; the effects of changes in income tax and securities law; our ability to achieve our strategic initiatives; continuing liabilities related to assets that have been sold; the cost and availability of property suitable for residential lot development; general economic, market or business conditions where our real estate activities are concentrated; our dependence on relationships with national, regional and local homebuilders; competitive conditions in our industry; obtaining reimbursements and other payments from governmental districts and other agencies and timing of such payments; our ability to succeed in new markets; the conditions of the capital markets and our ability to raise capital to fund expected growth; our ability to manage and service our debt and comply with our debt covenants, restrictions and limitations; the volatility of the market price and trading volume of our common stock; and our ability to hire and retain key personnel. Additional information about issues 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.

FORESTAR GROUP INC.

Consolidated Balance Sheets

(Unaudited)
 

 

March 31, 2026

 

September 30, 2025

 

(In millions, except share data)

ASSETS

 

 

 

Cash and cash equivalents

$

362.2

 

$

379.2

Real estate

 

2,709.7

 

 

2,645.1

Property and equipment, net

 

7.7

 

 

8.1

Other assets

 

93.0

 

 

104.6

Total assets

$

3,172.6

 

$

3,137.0

LIABILITIES

 

 

 

Accounts payable

$

73.3

 

$

71.0

Accrued development costs

 

113.9

 

 

131.8

Earnest money on sales contracts

 

208.6

 

 

193.3

Deferred tax liability, net

 

84.3

 

 

86.2

Accrued expenses and other liabilities

 

79.1

 

 

83.1

Debt

 

793.5

 

 

802.7

Total liabilities

 

1,352.7

 

 

1,368.1

EQUITY

 

 

 

Common stock, par value $1.00 per share, 200,000,000 authorized shares, 51,008,733 and 50,833,171 shares issued and outstanding at March 31, 2026 and September 30, 2025, respectively

 

51.0

 

 

50.8

Additional paid-in capital

 

674.2

 

 

671.0

Retained earnings

 

1,093.6

 

 

1,046.1

Stockholders’ equity

 

1,818.8

 

 

1,767.9

Noncontrolling interests

 

1.1

 

 

1.0

Total equity

 

1,819.9

 

 

1,768.9

Total liabilities and equity

$

3,172.6

 

$

3,137.0

FORESTAR GROUP INC.

Consolidated Statements of Operations

(Unaudited)
 

 

Three Months Ended

March 31,

 

Six Months Ended

March 31,

 

2026

 

2025

 

2026

 

2025

 

(In millions, except per share amounts)

Revenues

$

374.3

 

 

$

351.0

 

 

$

647.3

 

 

$

601.3

 

Cost of sales

 

294.1

 

 

 

271.8

 

 

 

512.1

 

 

 

467.2

 

Selling, general and administrative expense

 

37.9

 

 

 

38.4

 

 

 

74.3

 

 

 

74.3

 

Equity in earnings of unconsolidated ventures

 

—

 

 

 

—

 

 

 

—

 

 

 

(0.6

)

Interest and other income

 

(1.6

)

 

 

(1.0

)

 

 

(3.9

)

 

 

(3.3

)

Loss on extinguishment of debt

 

—

 

 

 

1.1

 

 

 

—

 

 

 

1.1

 

Income before income taxes.

 

43.9

 

 

 

40.7

 

 

 

64.8

 

 

 

62.6

 

Income tax expense

 

11.7

 

 

 

9.1

 

 

 

17.1

 

 

 

14.5

 

Net income

 

32.2

 

 

 

31.6

 

 

 

47.7

 

 

 

48.1

 

Net income attributable to noncontrolling interests

 

0.1

 

 

 

—

 

 

 

0.2

 

 

 

—

 

Net income attributable to Forestar Group Inc.

$

32.1

 

 

$

31.6

 

 

$

47.5

 

 

$

48.1

 

 

 

 

 

 

 

 

 

Basic net income per common share

$

0.63

 

 

$

0.62

 

 

$

0.93

 

 

$

0.95

 

Weighted average number of common shares

 

51.0

 

 

 

50.8

 

 

 

51.0

 

 

 

50.8

 

 

 

 

 

 

 

 

 

Diluted net income per common share

$

0.63

 

 

$

0.62

 

 

$

0.93

 

 

$

0.94

 

Adjusted weighted average number of common shares

 

51.2

 

 

 

51.0

 

 

 

51.2

 

 

 

51.1

 

FORESTAR GROUP INC.

Revenues, Residential Lots Sold and Lot Position
 

 

REVENUES

 

Three Months Ended March 31,

 

Six Months Ended March 31,

 

2026

 

2025

 

2026

 

2025

 

(In millions)

Residential lot sales:

 

 

 

 

 

 

 

Development projects

$

329.4

 

$

338.9

 

$

560.5

 

$

579.9

Lot banking projects

 

2.0

 

 

8.0

 

 

6.1

 

 

13.1

Decrease in contract liabilities

 

—

 

 

—

 

 

—

 

 

1.2

 

 

331.4

 

 

346.9

 

 

566.6

 

 

594.2

Tract sales and other

 

42.9

 

 

4.1

 

 

80.7

 

 

7.1

Total revenues

$

374.3

 

$

351.0

 

$

647.3

 

$

601.3

 

 

 

 

 

 

 

 

 

RESIDENTIAL LOTS SOLD

 

Three Months Ended March 31,

 

Six Months Ended March 31,

 

2026

 

2025

 

2026

 

2025

Development projects

 

2,914

 

 

3,334

 

 

4,814

 

 

5,625

Lot banking projects

 

24

 

 

77

 

 

68

 

 

119

 

 

2,938

 

 

3,411

 

 

4,882

 

 

5,744

 

 

 

 

 

 

 

 

Average sales price per lot (1)

$

112,800

 

$

101,700

 

$

116,000

 

$

103,200

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LOT POSITION

 

 

 

 

 

March 31, 2026

 

September 30, 2025

Lots owned

 

 

63,500

 

 

65,100

Lots controlled under land and lot purchase contracts

 

 

30,900

 

 

34,700

Total lots owned and controlled

 

 

94,400

 

 

99,800

 

 

 

 

 

 

 

 

Owned lots under contract to sell to D.R. Horton

 

 

22,900

 

 

22,800

Owned lots under contract to customers other than D.R. Horton

 

 

1,200

 

 

1,000

Total owned lots under contract

 

 

24,100

 

 

23,800

 

 

 

 

 

 

 

 

Owned lots subject to right of first offer with D.R. Horton based on executed purchase and sale agreements

 

 

18,100

 

 

17,600

Owned lots fully developed

 

 

9,300

 

 

8,900

_____________
(1)

Excludes any impact from change in contract liabilities.

 

Chris Hibbetts, 817-769-1860

Vice President of Finance & Investor Relations

[email protected]

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Construction & Property Residential Building & Real Estate

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Compass Pathways Collaborates with Osmind to Advance Independent Clinic Readiness for Psychedelic Treatments

Compass Pathways Collaborates with Osmind to Advance Independent Clinic Readiness for Psychedelic Treatments

LONDON & NEW YORK–(BUSINESS WIRE)–
Compass Pathways plc (Nasdaq: CMPS), a biotechnology company dedicated to accelerating patient access to evidence-based innovation announced today it has entered into a collaboration with Osmind, the platform powering a nationwide network of interventional psychiatry practices. This collaboration will inform how small-to-medium sized clinics nationwide can effectively deliver novel psychedelic treatments, if FDA approved. The agreement with Osmind further expands the set of collaborations that Compass has established to inform the potential delivery of COMP360 in a broad spectrum of settings where people living with mental health conditions receive their care in the United States.

Osmind is a public benefit corporation advancing psychiatry through technology, services, and real-world evidence to bring innovative mental health treatments to patients in need. Osmind’s network of over 1,000 clinics comprises one of the country’s largest network of interventional psychiatry practices. Its psychiatry-tailored software and services are designed to enable clinicians to offer innovative psychiatric treatments sustainably, without giving up independence. Together, Compass and Osmind aim to better understand the operational, clinical, and infrastructure needs of independent psychiatry practices, and to help inform scalable, real-world pathways for the potential delivery of psychedelic treatments in community-based settings.

“A core focus for Compass is to ensure that COMP360 can be delivered responsibly, safely, and effectively in the real-world settings where patients receive care,” said Dr. Steve Levine, Chief Patient Officer at Compass Pathways. “Through this collaboration, we will support Osmind and their network to prepare for the potential delivery of psychedelic treatments, learning alongside them to better understand the needs of independent practices. Together, we aim to inform scalable, patient-centered care models that uphold the highest standards of quality as clinics nationwide prepare for the potential future delivery of COMP360.”

“Independent psychiatry practices are where the vast majority of patients receive their care – but they’ve historically been left behind when it comes to adopting innovative treatments because the operational burden is simply too high,” said Jimmy Qian, Co-Founder and President of Osmind. “This collaboration combines Osmind’s deep understanding of practice management with Compass’ scientific expertise, helping to inform how breakthrough psychedelic treatments can be integrated into everyday practice in a way that aligns patient safety, clinical excellence, access, and practice success.”

About Compass Pathways

Compass Pathways plc (Nasdaq: CMPS) is a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health. We are motivated by the need to find better ways to help and empower people with serious mental health conditions who are not helped by existing treatments. We are pioneering a new paradigm for treating mental health conditions focused on rapid and durable responses through the development of our investigational COMP360 synthetic psilocybin treatment, potentially a first in class treatment. COMP360 has Breakthrough Therapy designation from the US Food and Drug Administration (FDA) and has received Innovative Licensing and Access Pathway (ILAP) designation in the UK for treatment-resistant depression (TRD).

Compass is headquartered in London, UK, with offices in New York in the US. We envision a world where mental health means not just the absence of illness but the ability to thrive.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. In some cases, forward-looking statements can be identified by terminology such as “may”, “might”, “will”, “could”, “would”, “should”, “expect”, “intend”, “plan”, “objective”, “anticipate”, “believe”, “contemplate”, “estimate”, “predict”, “potential”, “continue” and “ongoing,” or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements include express or implied statements relating to, among other things, statements regarding our expectations regarding our business strategy and goals; our expectations regarding the safety or efficacy of our investigational COMP360 psilocybin treatment, including as a treatment of TRD or PTSD; the potential for the pivotal phase 3 program in TRD to support regulatory filings and approvals on an accelerated basis or at all; our ability to obtain FDA approval and adequate coverage and reimbursement for COMP360 psilocybin treatment; our expectations regarding potential commercial launch timelines and our commercial readiness; and our plans, expectations and ability to achieve the goals related to this research collaboration agreement. The forward-looking statements in this press release are neither promises nor guarantees, and you should not place undue reliance on these forward-looking statements because they involve known and unknown risks, uncertainties, and other factors, many of which are beyond Compass’s control and which could cause actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements.

These risks, uncertainties, and other factors include, among others: uncertainties associated with risks related to clinical development which is a lengthy and expensive process with uncertain outcomes, and therefore our clinical trials may be delayed or terminated and may be more costly than expected; our need for additional funding to achieve our business goals; our efforts to obtain marketing approval from FDA or regulatory authorities in any other jurisdiction for our investigational COMP360 psilocybin treatment may be unsuccessful; our efforts to commercialize and obtain coverage and reimbursement for our investigational COMP360 psilocybin treatment, if approved, may be unsuccessful; the risk that this research collaboration with Osmind will not continue or will not achieve the expected benefits; uncertainties regarding the ability to develop a scalable and practical delivery model for COMP360 psilocybin treatment; market adoption and access to COMP360 psilocybin treatment, if approved, may be limited; and those risks and uncertainties described under the heading “Risk Factors” in Compass’s most recent annual report on Form 10-K or quarterly report on Form 10-Q, the prospectus supplement related to the proposed public offering we plan to file and in other reports we have filed with the U.S. Securities and Exchange Commission (“SEC”), which are available on the SEC’s website at http://www.sec.gov. Except as required by law, Compass disclaims any intention or responsibility for updating or revising any forward-looking statements contained in this press release in the event of new information, future developments or otherwise. These forward-looking statements are based on Compass’s current expectations and speak only as of the date hereof.

Enquiries

Media: Dana Sultan-Rothman, [email protected]

Investors: Stephen Schultz, [email protected], +1 401 290 7324

KEYWORDS: New York Europe United States United Kingdom North America

INDUSTRY KEYWORDS: Mental Health Research Neurology Practice Management Biotechnology Health Pharmaceutical Other Science Science

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Henry Schein to Webcast First Quarter 2026 Conference Call on Tuesday, May 5, 2026, at 8:00 A.M. ET

Henry Schein to Webcast First Quarter 2026 Conference Call on Tuesday, May 5, 2026, at 8:00 A.M. ET

MELVILLE, N.Y.–(BUSINESS WIRE)–
Henry Schein, Inc. (Nasdaq: HSIC), the world’s largest provider of healthcare solutions to office-based dental and medical practitioners, announced today that it will release its first quarter 2026 financial results before the stock market opens on Tuesday, May 5, 2026, and will provide a live webcast of its earnings conference call on the same day beginning at 8:00 a.m. Eastern time. Speakers on the call will include Frederick M. Lowery, Chief Executive Officer and Ronald N. South, Senior Vice President and Chief Financial Officer.

Investors can access the call by visiting https://investor.henryschein.com/webcasts. A replay will be available on the Henry Schein website following the presentation.

About Henry Schein, Inc.

Henry Schein, Inc. (Nasdaq: HSIC) is a solutions company for health care professionals powered by a network of people and technology. With more than 25,000 Team Schein Members worldwide, the Company’s network of trusted advisors provides more than 1 million customers globally with more than 300 valued solutions that help improve operational success and clinical outcomes. Our Business, Clinical, Technology and Supply Chain solutions help office-based dental and medical practitioners work more efficiently so they can provide quality care more effectively. These solutions also support dental laboratories, government and institutional health care clinics, as well as other alternate care sites.

Henry Schein operates through a centralized and automated distribution network, with a selection of more than 300,000 branded products and Henry Schein corporate brand products in our main distribution centers.

A FORTUNE 500 Company and a member of the S&P 500® index, Henry Schein is headquartered in Melville, N.Y., and has operations or affiliates in 34 countries and territories. The Company’s sales reached $13.2 billion in 2025, and have grown at a compound annual rate of approximately 11.0 percent since Henry Schein became a public company in 1995.

For more information, visit Henry Schein at www.henryschein.com, Facebook.com/HenrySchein, Instagram.com/HenrySchein, and @HenrySchein on X.

Investors

Ronald N. South

Senior Vice President and Chief Financial Officer

[email protected]

(631) 843-5500

Graham Stanley

Vice President, Investor Relations and Strategic Finance Project Officer

[email protected]

(631) 843-5500

Media

Tim Vassilakos

Vice President, Global Corporate Communications

[email protected]

(516) 510-0926

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: General Health Medical Devices Health Dental Medical Supplies

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Click Holdings Limited (NASDAQ: CLIK) Launches Explosive Three-Year Silver Economy Drive: Targeting HK$500 Million Annual Revenue with ~100% CAGR via GBA Expansion & Silver Economy Tech Acquisition

Hong Kong, April 21, 2026 (GLOBE NEWSWIRE) — Click Holdings Limited (“Click Holdings” or “Click” or “we” or “us”, NASDAQ: CLIK) and its subsidiaries (collectively, the “Company”), Hong Kong’s Nasdaq-listed provider of AI-powered human resources and senior care solutions, today announced its comprehensive three-year strategic plan (2026–2028) to aggressively expand and integrate its premium senior services under our flagship Care U brand, positioning the Group as the most comprehensive silver economy provider in Hong Kong and the Greater Bay Area (“GBA”).

Hong Kong is grappling with one of the world’s most severe population aging challenges, with the proportion of residents aged 65 and over reaching approximately 22.7% in 2024 and continuing to rise rapidly—among the highest globally. This demographic shift, combined with Hong Kong’s world-leading per capita wealth and high purchasing power for premium services, creates tremendous demand for high-quality, integrated senior care, rehabilitation, preventive health, and lifestyle solutions. The Company is capitalizing on this unique opportunity by building on its established strengths in nursing and elderly care.

The Group has already taken decisive steps to invest heavily in the Community Care Service Voucher (CCSV) business, significantly expanding its one-on-one private nursing services, and developing comprehensive home-based elderly care offerings. These initiatives form the foundation of the new integrated Group development direction, where Care U serves as the unified premium brand encompassing holistic silver economy services—from daily nursing and medical support to preventive wellness and lifestyle enhancement.

The three-year plan includes targeted expansion into the Greater Bay Area, with Guangzhou as the initial focus. Guangzhou’s aging population offers substantial potential: By the end of 2024, the city’s registered population was approximately 10.8 million, with 2.1 million residents aged 60 and above (accounting for 19.81%), representing a large and growing elderly segment. One key approach under consideration for entering the Guangzhou market is the potential acquisition of a local elderly services company, which would accelerate market entry, strengthen local capabilities, and facilitate rapid integration of Care U’s premium offerings. 

Key pillars of the strategic plan include:

  • Premium Senior Nursing & Rehabilitation Services: Continued heavy investment in high-quality home-based and community care, including rehabilitation services and the Company’s flagship private nursing companionship and medical escort services, leveraging its CCSV accreditation and pool of over 23,000 professionals.
  • Anti-Aging & Preventive Healthcare: Partnerships with leading medical examination centers to promote preventive treatments, comprehensive health screenings, and personalized wellness programs focused on longevity and early intervention.
  • Holistic Silver Economy Lifestyle Services: Launch of large-scale programs such as senior yoga classes, curated elderly travel experiences, and community engagement activities to enhance physical health, social well-being, and quality of life.
  • Professional Medical Referral Platform: Collaborations with specialist doctors and healthcare institutions to deliver seamless, high-quality medical intermediary services, ensuring timely access to specialized care.

Through these efforts, Care U aims to become the most trusted and comprehensive silver economy brand in Hong Kong and the GBA, providing end-to-end premium solutions that address the full spectrum of seniors’ needs.

“We are at the forefront of Hong Kong’s silver economy transformation,” said Jeffrey Chan, CEO of Click Holdings Limited. “With our severe population aging, exceptional per capita wealth, and the Group’s proactive investments in CCSV, private one-on-one nursing, and comprehensive home-based elderly care, we are uniquely positioned to lead. By unifying these strengths under Care U, expanding strategically into the GBA—starting with Guangzhou, potentially via targeted acquisitions—we will deliver dignified, premium aging experiences while capturing significant growth for shareholders.”

The plan involves substantial investments in talent, technology, infrastructure, and strategic partnerships—including potential acquisitions—to enable rapid scaling and integration.

While maintaining disciplined execution, the Company aspires to achieve approximately HK$500 million in annual revenue from its silver economy and senior care operations by the end of the three-year period—representing transformative growth of approximately 8 times from current levels in this high-potential segment.

To maximize shareholder value and support sustained expansion, Click Holdings is evaluating the potential spin-off and separate listing of its silver economy business—potentially in Hong Kong or on Nasdaq—subject to market conditions, regulatory approvals, and strategic timing.

This roadmap reaffirms Click Holdings’ commitment to leading Hong Kong’s aging society response, delivering premium and integrated senior services, and creating long-term value for seniors, families, shareholders, and the community. 

About Click Holdings Limited (CLIK)

Click Holdings Limited (NASDAQ: CLIK) is a Hong Kong-based leader in AI-powered human resources and senior care solutions. Through its proprietary platform, CLIK connects clients with a talent pool of over 25,000 professionals, serving nursing, logistics, and professional services sectors.

For more information, please visit https://clicksc.com.hk.

Safe Harbor Statement

This press release contains forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC, which are available for review at www.sec.gov.

For enquiry, please contact:

Click Holdings Limited

Unit 1709-11, 17/F
Tower 2, The Gateway
Harbour City, Kowloon
Hong Kong
Email: [email protected]
Phone: +852 2691 8200 



Posted on

Constellium Enters Multi-Year Agreement with Airbus for the Supply of Aluminum Alloy Extrusions

PARIS, April 21, 2026 (GLOBE NEWSWIRE) — Constellium SE (NYSE: CSTM) announced today that it has entered a multi-year agreement with Airbus for the supply of aluminum alloy extrusions, reinforcing our role as a trusted supplier of advanced aluminum solutions for Airbus’ programs and strengthening our long-term partnership.

Under this agreement, Constellium will supply Airbus with a wide range of extrusions manufactured using advanced aluminum alloys, and Constellium’s aluminum-lithium solution, Airware®. The scope includes bars, and a range of small and large extrusions, engineered to meet stringent quality requirements and optimized strength-to-weight performance, supporting demanding aircraft structural applications.

“This agreement reflects Airbus’ trust in our advanced aluminum products and solutions, and in our quality performance, industrial reliability and consistent supply continuity to support long-term aerospace programs,” said Philippe Hoffmann, President of Constellium’s Aerospace and Transportation business unit. “We are committed to continue to grow our outstanding relationship with Airbus, leveraging our comprehensive product portfolio, proprietary solutions, unique manufacturing capabilities, and recycling expertise.”

Constellium will supply Airbus from its facilities in Issoire and Montreuil-Juigné, France.

Constellium is a leading supplier in the aircraft, defense, and space markets. With a broad portfolio of high-performance aluminum products, including its aluminum-lithium solution Airware®, Constellium offers proven industrial and recycling capabilities, as well as cutting-edge technologies to meet the most demanding aerospace applications.

About Constellium

Constellium (NYSE: CSTM) is a global sector leader that develops innovative, value-added aluminum products for a broad scope of markets and applications, including aerospace, packaging and automotive. Constellium generated $8.4 billion of revenue in 2025.


www.constellium.com

Media Contacts
   
Investor Relations Communications
Jason Hershiser Delphine Dahan-Kocher
Phone: +1 443 988-0600 Phone: +1 443 420 7860
[email protected] [email protected]
   



Posted on

Advanced Energy Announces First Quarter 2026 Earnings Date on May 4

Advanced Energy Announces First Quarter 2026 Earnings Date on May 4

DENVER–(BUSINESS WIRE)–
Advanced Energy (Nasdaq: AEIS), a global leader in highly engineered, precision power conversion, measurement, and control solutions, will report its first quarter 2026 financial results after the market closes on Monday, May 4, 2026. Management’s quarterly conference call will be held the same day beginning at 4:30 p.m. Eastern Time.

To participate in the live earnings conference call, please dial 877-407-0890 approximately ten minutes prior to the start of the meeting and an operator will connect you. International participants can dial +1-201-389-0918.

A live webcast of the call will be available on the Investors page of the company’s website at ir.advancedenergy.com in the Events & Presentations section. A replay of the conference call will be available approximately two hours following the end of the live event.

About Advanced Energy

Advanced Energy Industries, Inc. (Nasdaq: AEIS) is a global leader in the design and manufacture of highly engineered, precision power conversion, measurement and control solutions for mission-critical applications and processes. Advanced Energy’s power solutions enable customer innovation in complex applications for a wide range of industries including semiconductor equipment, industrial production, medical and life sciences, data center computing, networking and telecommunications. With engineering know-how and responsive service and support for customers around the globe, the company builds collaborative partnerships to meet technology advances, propels growth of its customers and innovates the future of power. Advanced Energy has devoted four decades to perfecting power. It is headquartered in Denver, Colorado, USA.

For more information, visit www.advancedenergy.com.

Advanced Energy | Precision. Power. Performance. Trust.

For more information, contact:

Andrew Huang

Advanced Energy Industries, Inc.

970-407-6555

[email protected]

KEYWORDS: Colorado United States North America

INDUSTRY KEYWORDS: Semiconductor Engineering Technology Manufacturing Telecommunications Networks

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