secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001406587-24-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658724000006/0001406587-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658724000006/for-20240123.htm
  HTML page:      https://secwatch.observer/filing/0001406587-24-000006

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