secwatch.observer — SEC 8-K summary
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Issuer:     Forestar Group Inc. (FOR)
CIK:        0001406587
Form:       8-K
Filed at:   2025-04-17T23:59:59+00:00
Accession:  0001406587-25-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1406587/000140658725000061/0001406587-25-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1406587/000140658725000061/for-20250417.htm
  HTML page:      https://secwatch.observer/filing/0001406587-25-000061

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