---
schema_version: "secwatch.filing_event.v1"
accession: "0001406587-23-000114"
form_type: "8-K"
ticker: "FOR"
cik: "0001406587"
company_name: "Forestar Group Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:22:55.344258+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Forestar Q4 net income up 43% to $72.4M, EPS $1.44; FY2024 guidance 14,500-15,500 lots

## Summary
- Q4 net income $72.4M ($1.44 diluted EPS) vs $50.8M ($1.02) YoY; revenue +44% to $549.7M on 4,986 lots sold.
- FY2023 net income $166.9M ($3.33 EPS) down 7% from $178.8M; revenue $1.4B, lots sold 14,040 (down 21%).
- FY2024 guidance: 14,500-15,500 lots sold, revenue $1.4B-$1.5B; double-digit pre-tax profit margin expected.
- Balance sheet: $616M cash, $998M total liquidity; net debt to total capital 5.5%; owned 52,400 lots, controlled 79,200.
- Return on equity 13.2%; book value per share $27.43, up 14% year-over-year.

## SEC filing metadata
- accession: 0001406587-23-000114
- form_type: 8-K
- ticker: FOR
- cik: 0001406587
- company_name: Forestar Group Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1406587/000140658723000114/0001406587-23-000114-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1406587/000140658723000114/for-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001406587-23-000114
- JSON: https://secwatch.observer/filing/0001406587-23-000114.json
- Plain text: https://secwatch.observer/filing/0001406587-23-000114.txt

## Key facts
- Earnings Releases
  Forestar Group Inc. reported fiscal year ended September 30, 2023 results: revenue $1.4 billion, net income $166.9 million, EPS $3.33 per diluted share.
  - Period: fiscal year ended September 30, 2023
  - Revenue: $1.4 billion
  - Net income: $166.9 million
  - EPS: $3.33 per diluted share
  - Result: reported results
  source text: comparisons are year-over-year • Net income of $166.9 million or $3.33 per diluted share • Pre-tax income of $221.6 million, with a pre-tax profit margin of 15.4% • Revenues of $1.4 billion on 14,040 lots sold • Owned and controlled 79,200 lots at September 30, 2023 • Return on equity of 13.2% • Book value per share increased 14% to $27.43 Daniel Bartok, CEO, said,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1406587/000140658723000114/0001406587-23-000114-index.htm
- Earnings Releases
  Forestar Group Inc. reported fourth quarter and fiscal year ended September 30, 2023 results: revenue $549.7 million, net income $72.4 million, EPS $1.44 per diluted share.
  - Period: fourth quarter and fiscal year ended September 30, 2023
  - Revenue: $549.7 million
  - Net income: $72.4 million
  - EPS: $1.44 per diluted share
  - Result: reported results
  source text: increased 43% to $72.4 million or $1.44 per diluted share • Pre-tax income increased 44% to $95.4 million, with a pre-tax profit margin of 17.4% • Revenues increased 44% to $549.7 million on 4,986 lots sold Fiscal 2023 Highlights All comparisons are year-over-year • Net income of $166.9 million or $3.33 per diluted share • Pre-tax income of $221.6 million, with a
  evidence_url: https://www.sec.gov/Archives/edgar/data/1406587/000140658723000114/0001406587-23-000114-index.htm

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