---
schema_version: "secwatch.filing_event.v1"
accession: "0001406587-24-000006"
form_type: "8-K"
ticker: "FOR"
cik: "0001406587"
company_name: "Forestar Group Inc."
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T19:57:05.552630+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Forestar Q1 net income up 84% to $38.2M, revenue up 41% to $305.9M

## Summary
- Net income $38.2M ($0.76 diluted EPS) vs $20.8M ($0.42) YoY; pre-tax income up 84% to $51.2M.
- Pre-tax profit margin improved 380 bps to 16.7%; revenues rose to $305.9M on 3,150 lots sold (+39% YoY).
- Owned and controlled 82,400 lots; net debt to total capital 14.9%; book value $28.21 per share.
- Fiscal 2024 outlook: 14,500–15,500 lots delivered, generating $1.4B–$1.5B in revenue.
- Return on equity 14.1% trailing twelve months; total liquidity $844.6M including $458.9M cash.

## SEC filing metadata
- accession: 0001406587-24-000006
- form_type: 8-K
- ticker: FOR
- cik: 0001406587
- company_name: Forestar Group Inc.
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1406587/000140658724000006/0001406587-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1406587/000140658724000006/for-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001406587-24-000006
- JSON: https://secwatch.observer/filing/0001406587-24-000006.json
- Plain text: https://secwatch.observer/filing/0001406587-24-000006.txt

## Key facts
- Earnings Releases
  Forestar Group Inc. reported first fiscal quarter ended December 31, 2023 results: revenue $305.9 million, net income $38.2 million, EPS $0.76 per diluted share.
  - Period: first fiscal quarter ended December 31, 2023
  - Revenue: $305.9 million
  - Net income: $38.2 million
  - EPS: $0.76 per diluted share
  - Result: reported results
  source text: or $0.76 per diluted share • Pre-tax income increased 84% to $51.2 million • Pre-tax profit margin improved 380 basis points to 16.7% • Consolidated revenues increased 41% to $305.9 million • Residential lots sold increased 39% to 3,150 lots • Owned and controlled 82,400 lots • Return on equity of 14.1% for the trailing twelve months ended December 31, 2023 • Book
  evidence_url: https://www.sec.gov/Archives/edgar/data/1406587/000140658724000006/0001406587-24-000006-index.htm

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