---
schema_version: "secwatch.filing_event.v1"
accession: "0001406587-25-000061"
form_type: "8-K"
ticker: "FOR"
cik: "0001406587"
company_name: "Forestar Group Inc."
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T11:43:08.676462+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Forestar Q2 net income down 30% to $31.6M; cuts FY25 lot guidance to 15,000-15,500

## Summary
- Diluted EPS $0.62 vs $0.89 YoY; pre-tax income $40.7M (-31%); revenue $351M (+5%).
- Lots sold increased 4% to 3,411; 910 lots to non-D.R. Horton customers vs 184.
- Issued $500M 6.50% notes due 2033; used proceeds to tender $329.4M of 3.85% notes.
- Guidance cut: expects 15,000-15,500 lots and $1.5B-$1.55B revenue (prior 16,000-16,500 lots, $1.6B-$1.65B).
- Book value per share up 11% to $32.36; ROE 10.7%; liquidity $792M.

## SEC filing metadata
- accession: 0001406587-25-000061
- form_type: 8-K
- ticker: FOR
- cik: 0001406587
- company_name: Forestar Group Inc.
- filed_at: 2025-04-17T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1406587/000140658725000061/0001406587-25-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1406587/000140658725000061/for-20250417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001406587-25-000061
- JSON: https://secwatch.observer/filing/0001406587-25-000061.json
- Plain text: https://secwatch.observer/filing/0001406587-25-000061.txt

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