Forestar Group Inc. reported earnings results for the first quarter ended December 31, 2022. For the first quarter, the company reported sales was USD 216.7 million compared to USD 407.6 million a year ago. Net income was USD 20.8 million compared to USD 40.5 million a year ago.

Basic earnings per share from continuing operations was USD 0.42 compared to USD 0.81 a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to USD 0.81 a year ago.