---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-026197"
form_type: "8-K"
ticker: "FOR"
cik: "0001406587"
company_name: "Forestar Group Inc."
filed_at: "2026-04-21T23:59:59+00:00"
generated_at: "2026-05-15T05:05:09.810568+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Forestar Q2 net income up 2% to $32.1M; lot deliveries guidance trimmed

## Summary
- Net income $32.1M ($0.63 diluted EPS) vs $31.6M ($0.62) in prior-year quarter.
- Revenue $374.3M, up 7% YoY; lots sold 2,938, down 14% from 3,411.
- Liquidity $1.0B (cash $362.2M + revolver capacity $672.1M); net debt to capital 19.2%.
- Fiscal 2026 lot delivery guidance narrowed to 14,000-14,500 from 14,000-15,000; revenue guidance reaffirmed $1.6-1.7B.
- Book value per share up 10% to $35.66; 24,100 lots under contract representing $2.2B future revenue.

## SEC filing metadata
- accession: 0001628280-26-026197
- form_type: 8-K
- ticker: FOR
- cik: 0001406587
- company_name: Forestar Group Inc.
- filed_at: 2026-04-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1406587/000162828026026197/0001628280-26-026197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1406587/000162828026026197/for-20260421.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-026197
- JSON: https://secwatch.observer/filing/0001628280-26-026197.json
- Plain text: https://secwatch.observer/filing/0001628280-26-026197.txt

## Key facts
- Earnings Releases
  Forestar Group Inc. reported the second fiscal quarter ended March 31, 2026 results: revenue $374.3 million, net income $32.1 million, EPS $0.63 per diluted share. Guidance lowered.
  - Period: the second fiscal quarter ended March 31, 2026
  - Revenue: $374.3 million
  - Net income: $32.1 million
  - EPS: $0.63 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Net income attributable to Forestar for the second quarter of fiscal 2026 increased 2% to $32.1 million, or $0.63 per diluted share, compared to $31.6 million, or $0.62 per diluted share, in the same quarter of fiscal 2025. Pre-tax income for the quarter increased 8% to $43.9 million from $40.7 million in the same quarter of fiscal 2025. Revenues for the second quarter increased 7% to $374.3 million from $351.0 million in the same quarter of fiscal 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1406587/000162828026026197/0001628280-26-026197-index.htm
- Earnings Releases
  Forestar Group Inc. reported the six months ended March 31, 2026 results: revenue $647.3 million, net income $47.5 million, EPS $0.93 per diluted share. Guidance lowered.
  - Period: the six months ended March 31, 2026
  - Revenue: $647.3 million
  - Net income: $47.5 million
  - EPS: $0.93 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: For the six months ended March 31, 2026, net income attributable to Forestar decreased 1% to $47.5 million, or $0.93 per diluted share, compared to $48.1 million, or $0.94 per diluted share, in the same period of fiscal 2025. Pre-tax income for the six months ended March 31, 2026 increased 4% to $64.8 million from $62.6 million in the same period of fiscal 2025. Revenues for the first six months of fiscal 2026 increased 8% to $647.3 million from $601.3 million in the same period of fiscal 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1406587/000162828026026197/0001628280-26-026197-index.htm

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