secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2024-04-18T23:59:59+00:00
Accession:  0001406587-24-000071
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forestar Q2 net income up 67% to $45M ($0.89 EPS); revenue +11% to $333.8M
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- Pre-tax income increased 64% to $58.9M; pre-tax margin of 17.6%.
- Residential lots sold up 10% to 3,289 lots; owned + controlled lots up 26% to 96,100.
- Return on equity expanded 320 bps to 14.9% for trailing twelve months.
- Net debt to total capital ratio of 16.4%; total liquidity of $798.2M.
- FY 2024 outlook affirms 14,500-15,500 lots delivered with $1.4-1.5B revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658724000071/0001406587-24-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658724000071/for-20240418.htm
  HTML page:      https://secwatch.observer/filing/0001406587-24-000071

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