secwatch.observer — SEC 8-K summary
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Issuer:     UPBOUND GROUP, INC. (UPBD)
CIK:        0000933036
Form:       8-K
Filed at:   2024-02-22T23:59:59+00:00
Accession:  0000933036-24-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upbound Group reports Q4 revenue $1.018B, non-GAAP EPS $0.81; guides FY2024 revenue $4.0-4.2B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/933036/000093303624000038/0000933036-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/933036/000093303624000038/upbd-20240222.htm
  HTML page:      https://secwatch.observer/filing/0000933036-24-000038

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