Forestar Q4 net income up 15% to $50.8M; FY22 EPS $3.59, revenues $1.5B

Forestar Group Inc.

2022-FY EPS reported $3.59 revenue$1,519,100,000

Q4 net income $50.8M ($1.02/diluted share), up 15% YoY; pre-tax profit margin expanded 340 bps to 17.4%.
Full-year net income $178.8M ($3.59/diluted share), up 62%; revenues $1.5B, up 15% on 17,691 lots sold (+11%).
Fiscal 2022 return on equity improved 450 bps to 16.2%; book value per share $24.08, up 18%.
Liquidity $621.5M (unrestricted cash $264.8M + $356.7M revolver); net debt to total capital 26.9%.
Demand for finished lots moderated since July; no annual guidance due to market uncertainty; strong balance sheet.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Forestar Group Inc. reported financial results for fourth quarter and fiscal year ended September 30, 2022.

Period: fourth quarter and fiscal year ended September 30, 2022
Result: reported results

Exact text from the filing

On November 9, 2022, Forestar Group Inc. issued a press release announcing its results and related information for its fourth quarter and fiscal year ended September 30, 2022.

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Source: SEC EDGAR

accession 0001406587-22-000125

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