---
schema_version: "secwatch.filing_event.v1"
accession: "0001406587-23-000006"
form_type: "8-K"
ticker: "FOR"
cik: "0001406587"
company_name: "Forestar Group Inc."
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T10:40:03.708196+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Forestar Q1 net income down 49% to $20.8M; revenue falls 47% on fewer lots sold

## Summary
- Diluted EPS $0.42 vs $0.81 YoY; net income $20.8M; revenue $216.7M (down 47%).
- Lots sold dropped 50% to 2,263; gross profit margin improved 390 bps to 21.9%.
- Pre-tax profit margin 12.9%; return on equity 13.9% (up 70 bps).
- Total liquidity $582.6M; net debt-to-capital improved 520 bps to 28.7%.
- Book value per share $24.50 (up 15%); no annual guidance provided due to uncertainty.

## SEC filing metadata
- accession: 0001406587-23-000006
- form_type: 8-K
- ticker: FOR
- cik: 0001406587
- company_name: Forestar Group Inc.
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1406587/000140658723000006/0001406587-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1406587/000140658723000006/for-20230124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001406587-23-000006
- JSON: https://secwatch.observer/filing/0001406587-23-000006.json
- Plain text: https://secwatch.observer/filing/0001406587-23-000006.txt

## Key facts
- Earnings Releases
  Forestar Group Inc. reported first quarter ended December 31, 2022 results: revenue $216.7 million, net income $20.8 million, EPS $0.42 per diluted share.
  - Period: first quarter ended December 31, 2022
  - Revenue: $216.7 million
  - Net income: $20.8 million
  - EPS: $0.42 per diluted share
  - Result: reported results
  source text: Net income attributable to Forestar for the first quarter of fiscal 2023 decreased 49% to $20.8 million, or $0.42 per diluted share, compared to $40.5 million, or $0.81 per diluted share, in the same quarter of fiscal 2022. Pre-tax income for the quarter decreased 48% to $27.9 million from $53.5 million in the same quarter of fiscal 2022. Revenues for the quarter decreased 47% to $216.7 million from $407.6 million in the same quarter of fiscal 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1406587/000140658723000006/0001406587-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.