secwatch.observer — SEC 8-K summary
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Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001808834-22-000012
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROG Holdings Q4 revenue up 6.8% to $647M; diluted EPS $0.59; FY2022 outlook issued
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883422000012/0001808834-22-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883422000012/prg-20220223.htm
  HTML page:      https://secwatch.observer/filing/0001808834-22-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer