secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0001406587-23-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658723000006/0001406587-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658723000006/for-20230124.htm
  HTML page:      https://secwatch.observer/filing/0001406587-23-000006

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