secwatch.observer — SEC 8-K summary
======================================

Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001406587-22-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658722000125/0001406587-22-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658722000125/for-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001406587-22-000125

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer