secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2022-07-19T23:59:59+00:00
Accession:  0001406587-22-000086
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forestar Q3 net income up 151% to $0.80 EPS; lowers fiscal 2022 guidance on lot deliveries to 17,000 from ~19,500-20,000
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- Net income $39.7M ($0.80 diluted EPS) vs $15.8M ($0.32) a year ago, up 151%.
- Revenue $308.5M (down 1% YoY); lots sold 3,473 (down 10% YoY).
- Pre-tax profit margin improved 1,040 bps to 17.1%; excluding debt extinguishment, pre-tax income up 34%.
- Guidance cut: FY2022 lot deliveries ~17,000 (from prior 19,500-20,000); revenue ~$1.425B (from ~$1.7B).
- Lots sold to non-D.R. Horton customers up 213% to 435 lots; ROE 16.2% (up 620 bps).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658722000086/0001406587-22-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658722000086/for-20220719.htm
  HTML page:      https://secwatch.observer/filing/0001406587-22-000086

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