{"schema_version":"secwatch.filing_event.v1","accession":"0001406587-23-000094","form_type":"8-K","ticker":"FOR","cik":"0001406587","company_name":"Forestar Group Inc.","filed_at":"2023-07-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.812295+00:00","generated_at":"2026-06-13T05:32:14.109640+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Forestar Q3 net income up 18% to $46.8M; revenue +20% to $368.9M on 3,812 lots sold","bullets":["Net income $46.8M ($0.93/diluted) vs $39.7M ($0.80) prior year; pre-tax income +18% to $62.4M, margin 16.9%.","Lots sold up 10% to 3,812; 625 lots sold to non-D.R. Horton customers (vs 435).","Book value per share up 13% to $25.96; net debt-to-capital ratio improved to 19.1%.","Owned/controlled 73,000 lots; 14,900 owned lots under contract representing ~$1.4B future revenue.","Nine-month net income decreased 26% to $94.5M ($1.89) due to $19.4M in pre-tax impairments."],"urls":{"canonical":"https://secwatch.observer/filing/0001406587-23-000094","json":"https://secwatch.observer/filing/0001406587-23-000094.json","markdown":"https://secwatch.observer/filing/0001406587-23-000094.md","text":"https://secwatch.observer/filing/0001406587-23-000094.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1406587/000140658723000094/0001406587-23-000094-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1406587/000140658723000094/for-20230720.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T05:32:14.109640+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0b9eaf13f70669288a6f374a46f93263539912c1","claim":"Forestar Group Inc. reported third quarter ended June 30, 2023 results: revenue $368.9 million, net income $46.8 million, EPS $0.93 per diluted share.","evidence_excerpt":"Net income for the third quarter of fiscal 2023 increased 18% to $46.8 million, or $0.93 per diluted share, compared to $39.7 million, or $0.80 per diluted share, in the same quarter of fiscal 2022. Pre-tax income for the quarter increased 18% to $62.4 million from $52.7 million in the same quarter of fiscal 2022. Revenues for the quarter increased 20% to $368.9 million from $308.5 million in the same quarter of fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1406587/000140658723000094/0001406587-23-000094-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended June 30, 2023"},{"label":"Revenue","value":"$368.9 million"},{"label":"Net income","value":"$46.8 million"},{"label":"EPS","value":"$0.93 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"93f681b4a617f2386a938fd426e3bf03f512a46a","claim":"Forestar Group Inc. reported nine months ended June 30, 2023 results: revenue $887.1 million, net income $94.5 million, EPS $1.89 per diluted share.","evidence_excerpt":"Net income for the nine months ended June 30, 2023 decreased 26% to $94.5 million, or $1.89 per diluted share, compared to $128.0 million, or $2.57 per diluted share, in the same period of fiscal 2022. Pre-tax income for the nine months ended June 30, 2023 decreased 26% to $126.2 million from $169.4 million in the same period of fiscal 2022. The nine months ended June 30, 2023 included $19.4 million of pre-tax real estate impairment charges to cost of sales compared to $3.8 million in the same period of fiscal 2022. Revenues for the nine months ended June 30, 2023 decreased 22% to $887.1 million from $1.1 billion in the same period of fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1406587/000140658723000094/0001406587-23-000094-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended June 30, 2023"},{"label":"Revenue","value":"$887.1 million"},{"label":"Net income","value":"$94.5 million"},{"label":"EPS","value":"$1.89 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}