secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2024-07-18T23:59:59+00:00
Accession:  0001406587-24-000082
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forestar Q3 net income $38.7M (-17% YoY); revenue $318.4M (-14% YoY); guidance narrowed, lot inventory up 40%
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- Net income $38.7M ($0.76 diluted EPS), down from $46.8M ($0.93) YoY; YTD net income up 29% to $121.8M.
- Revenue $318.4M on 3,255 lots sold (-15% lots YoY); YTD revenue $958.0M (+8% YoY).
- Pre-tax profit margin 16.2%; return on equity 13.8% (up 190 bps from 11.7% prior year).
- Owned and controlled lots up 40% to 102,100 lots; owned lots under contract represent ~$1.8B future revenue.
- Fiscal 2024 lot delivery guidance narrowed to 14,600-15,100 (from 14,500-15,500); revenue outlook unchanged $1.4-$1.5B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658724000082/0001406587-24-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658724000082/for-20240718.htm
  HTML page:      https://secwatch.observer/filing/0001406587-24-000082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer