earnings
confidence high
sentiment neutral
materiality 0.75
PROG Holdings Q4 revenue up 6.8% to $647M; diluted EPS $0.59; FY2022 outlook issued
PROG Holdings, Inc.
2021-FY EPS reported
$3.67
revenue$2,677,920,000
- Q4 consolidated revenues $646.5M (+6.8% YoY); diluted EPS $0.59 (non-GAAP $0.67).
- Progressive Leasing Q4 GMV $635M (+18.3%); e-commerce GMV up 45% year-over-year.
- Adjusted EBITDA $72.1M (11.2% of revenue) vs $94.6M prior year on normalized write-offs.
- Returned $439M to shareholders in Q4 via $425M tender offer at $49.00/share.
- FY2022 outlook: revenue growth 4-8%, adjusted EBITDA margin 11.5-12.1%, non-GAAP diluted EPS $3.25-$3.70.