Forestar Group (FOR) Tops Q3 EPS by 16c
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Forestar Group Inc. Reports Third Quarter 2016 Results
November 8, 2016 7:00 PM ESTForestar significantly transformed in one year through execution of our key initiatives to reduce costs, divest non-core assets, strengthen balance sheet and focus on maximizing shareholder value.
Transformation - Highlights
Actions taken to eliminate over $50 million in annualized SG&A, expect full cost savings realization once all non-core assets are sold Decreased headcount by over 50% compared to 2014 peak Executed $425 million in non-core asset sales Reduced outstanding debt by over $320 million - reducing annual interest expense by... More