Forestar Group Inc. (NYSE:FOR) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.

On January31, 2018, D.R. Horton, Inc. (“DHI”), the owner of approximately 75% of the outstanding common stock of Forestar Group Inc. (“Forestar”) disclosed selected preliminary Forestar financial information as described below in Item 2.02 of this Form 8-K.

The information furnished in this Item 2.02 shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

On January31, 2018, DHI reported selected preliminary Forestar financial information in DHI’s first quarter fiscal 2018 earnings release for the three months ended December31, 2017. The selected preliminary Forestar financial information reported by DHI is attached to this report as Exhibit 99.1.

The selected preliminary Forestar financial information reported by DHI includes information after the closing of the acquisition on October5, 2017 through December31, 2017 and does not include significant transaction costs incurred by Forestar related to the acquisition.

The selected preliminary financial information is based on management’s initial review of Forestar’s operations for the period reported by DHI and remains subject to audit by Forestar’s independent registered public accounting firm. Forestar’s audited financial statements for the annual period ended December31, 2017 will be reported at a later date.

The selected preliminary Forestar financial information reported by DHI included in Exhibit 99.1 hereto and incorporated by reference herein constitutes “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forestar cautions you not to place undue reliance on the selected preliminary financial information as this information does not include Forestar’s full fiscal quarter ended December31, 2017 and is based on preliminary unaudited estimates by management as of the date of this report and final results could differ materially.

The information furnished in this Item 2.02 and in Exhibit 99.1 shall not be deemed “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

(d) Exhibit:

2

Forestar Group Inc. Exhibit
EX-99.1 2 d507080dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Unaudited Selected Preliminary Forestar Financial Information as presented in the Segment Information tables in D.R. Horton’s Q1 FY 2018 press release issued 1/31/18        December 31,…
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About Forestar Group Inc. (NYSE:FOR)

Forestar Group Inc. is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties. Its Oil and Gas segment is an independent oil and gas exploration, development and production operation and manages its owned and leased mineral interests. Its Other Natural Resources segment manages its timber, recreational leases and water resource initiatives. The Company owns directly or through ventures interests in approximately 60 residential and mixed-use projects consisting of over 7,000 acres of real estate located in approximately 10 states and approximately 20 markets.