Business Context and Reporting Period
This Form 8-K was filed by Forestar Group Inc. on July 26, 2018. The report serves as a disclosure of selected financial information for the three and nine months ended June 30, 2018, which was originally reported by D.R. Horton, Inc. (DHI), the owner of approximately 75% of Forestar's outstanding common stock, in DHI's third quarter fiscal 2018 earnings release.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within Exhibit 99.1 ("Selected Financial Information of Forestar Group Inc."), which is incorporated by reference but not detailed in the body of this report. The filing explicitly states that the information provided does not include Forestar's full nine-month period ended June 30, 2018.
Material Changes
The filing does not contain data to compare current performance against prior comparable periods. It functions solely as a conduit for information disclosed by the majority shareholder, DHI.
Guidance, Outlook, and Risks
The selected financial information included in the referenced exhibit constitutes "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995. Forestar cautions investors not to place undue reliance on this information due to its partial nature. The information furnished in this Item 7.01 and Exhibit 99.1 is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section.
Investor Verification Checklist
- Review Exhibit 99.1 attached to the filing for the actual numerical financial data.
- Verify the specific scope of the financial data, noting it excludes the full nine-month period ended June 30, 2018.
- Confirm the ownership structure, noting D.R. Horton, Inc. owns approximately 75% of Forestar Group Inc.
- Understand that the data is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934.