secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2022-04-21T23:59:59+00:00
Accession:  0001406587-22-000067
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forestar Q2 net income up 68% to $47.8M; raises FY22 pre-tax margin guidance to 14.0%-14.5%
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- EPS of $0.96 per diluted share vs. $0.59 a year ago; revenues up 47% to $421.6M.
- Lots sold rose 61% to 5,788, including 787 deferred lots sold to build-for-rent operators.
- Pre-tax profit margin improved 190 bps to 15.0%; ROE improved 490 bps to 14.5%.
- FY22 lot sales guidance reaffirmed at 19,500-20,000; revenue forecast ~$1.7B.
- Owned and controlled lots up 14% to 96,500; liquidity of $583.2M including $233.7M cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658722000067/0001406587-22-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658722000067/for-20220421.htm
  HTML page:      https://secwatch.observer/filing/0001406587-22-000067

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