Forestar Group (FOR) Tops Q4 EPS by 25c
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Forestar Provides Additional Information on Execution of Key Initiatives and Reports Full Year and Fourth Quarter 2015 Results
March 2, 2016 6:00 AM ESTSignificant progress executing key initiatives to reduce costs, exit non-core assets and focus on maximizing shareholder value
Actions taken to eliminate over $30 million in annual SG&A costs by year-end 2016 Sold Midtown Cedar Hill multifamily community for $43 million Opportunistically exit multifamily assets Executed agreement to sell Radisson hotel for $130 million Sold Kansas/Nebraska oil and gas assets for $21 million Retired $19 million of senior secured notes, to reduce annual... More