---
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"
generated_at: "2026-06-13T05:32:14.109640+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Forestar Q3 net income up 18% to $46.8M; revenue +20% to $368.9M on 3,812 lots sold

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001406587-23-000094
- JSON: https://secwatch.observer/filing/0001406587-23-000094.json
- Plain text: https://secwatch.observer/filing/0001406587-23-000094.txt

## Key facts
- Earnings Releases
  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.
  - Period: third quarter ended June 30, 2023
  - Revenue: $368.9 million
  - Net income: $46.8 million
  - EPS: $0.93 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1406587/000140658723000094/0001406587-23-000094-index.htm
- Earnings Releases
  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.
  - Period: nine months ended June 30, 2023
  - Revenue: $887.1 million
  - Net income: $94.5 million
  - EPS: $1.89 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1406587/000140658723000094/0001406587-23-000094-index.htm

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