Forestar Group (FOR) Tops Q4 EPS by 25c

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Go back to Forestar Group (FOR) Tops Q4 EPS by 25c

Forestar Provides Additional Information on Execution of Key Initiatives and Reports Full Year and Fourth Quarter 2015 Results

March 2, 2016 6:00 AM EST

Significant 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