secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0001406587-23-000094
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658723000094/0001406587-23-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658723000094/for-20230720.htm
  HTML page:      https://secwatch.observer/filing/0001406587-23-000094

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