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

Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2023-04-20T23:59:59+00:00
Accession:  0001406587-23-000083
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forestar Q2 fiscal 2023 net income down 44% to $26.9M; revenue down 28% to $301.5M
--------------------------------------------------------------------------------

- Net income $26.9M ($0.54 diluted EPS) vs $47.8M ($0.96); pre-tax profit margin 11.9%.
- Revenue $301.5M on 2,979 lots sold, down 28% and 49% YoY respectively; $19.4M impairment charges.
- Liquidity $654.1M including $286.7M cash; net debt-to-capital ratio improved 470 bps to 25.2%.
- Book value per share $25.01, up 12% YoY; owned 57,800 lots with 9,100 fully developed.
- No annual guidance due to market uncertainty; CEO cites transitioning housing market.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658723000083/0001406587-23-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658723000083/for-20230420.htm
  HTML page:      https://secwatch.observer/filing/0001406587-23-000083

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