secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001406587-23-000114
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658723000114/0001406587-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658723000114/for-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001406587-23-000114

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