secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0001406587-22-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forestar Q1 net income up 84% to $40.5M; raises FY2022 guidance on lots, revenue, margin
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- Net income attributable to Forestar $40.5M ($0.81 diluted EPS) vs $22.0M ($0.46) a year ago; pre-tax income $53.5M.
- Revenue $407.6M (+33% YoY) on 4,516 lots sold (+27%); ROE 13.2% (up 550 bps).
- Raises FY2022 guidance: lots sold 19,500-20,000 (prior 19,000-19,500), revenue ~$1.7B, pre-tax margin 13.5%-14.0%.
- Lots sold to non-D.R. Horton customers up 182% to 502 lots; total owned+controlled lots 103,300 (+33%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658722000007/0001406587-22-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658722000007/for-20220127.htm
  HTML page:      https://secwatch.observer/filing/0001406587-22-000007

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