earnings
confidence high
sentiment neutral
materiality 0.65
Upbound Group reports Q4 revenue $1.018B, non-GAAP EPS $0.81; guides FY2024 revenue $4.0-4.2B
UPBOUND GROUP, INC.
2023-FY EPS reported
-$0.09
revenue$3,992,413,000
- Q4 consolidated revenue $1.018B (+2.8% YoY); GAAP diluted EPS $(0.21); non-GAAP diluted EPS $0.81.
- Full year 2023 revenue $3.992B (-6.0% YoY); GAAP diluted EPS $(0.09); non-GAAP diluted EPS $3.55 vs $3.70 prior year.
- Acima segment GMV increased 19% YoY in Q4; Rent-A-Center lease portfolio value returned to growth (+1.5% YoY).
- FY2024 guidance: revenue $4.0-$4.2B, Adj. EBITDA $455-$485M, non-GAAP EPS $3.55-$4.00, FCF $100-$130M.
- Ended 2023 with net debt to Adj. EBITDA leverage of 2.7x; returned $133.1M to shareholders via dividends and buybacks.