Forestar Group Q1 Earnings Call Highlights: Revenue Up 9%, Maintaining Full-Year Guidance Amid Affordability Challenges

Forestar Group reported Q1 revenue growth of 9% to $273mln, with 1,944 lots sold. Net income was $15.4mln, or $0.30 per diluted share, compared to $16.5mln, or $0.32 per diluted share, a year earlier. Pre-tax income was $20.8mln versus $21.9mln in the prior-year quarter, and pre-tax margin was 7.6% compared to 8.7%. The company maintains its full-year guidance despite affordability-driven headwinds for new home demand.