PROG Holdings Q4 2022 beats; non-GAAP EPS $0.84 (+25% YoY); revenue $612.1M

PROG Holdings, Inc.

2022-FY EPS reported $1.90 revenue$2,597,826,000

Q4 revenue $612.1M (-5.3% YoY); net earnings $36.1M; diluted EPS $0.73.
Non-GAAP diluted EPS $0.84, up 25% YoY; Adjusted EBITDA $74.4M (+3.2% YoY), margin 12.2%.
Progressive Leasing GMV $540.9M (-14.8% YoY); write-offs improved to 6.5% from 6.8%; e-commerce 20.4% of GMV.
Repurchased $36.2M stock at avg $17.83; $337.3M remaining under $1B buyback program.
FY 2023 guidance: revenue $2.34B-$2.44B; adjusted EBITDA $215M-$245M; non-GAAP EPS $2.11-$2.54.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROG Holdings, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $612.1 million, net income $36.1 million, EPS $0.73. Guidance initiated.

Period: the fourth quarter ended December 31, 2022
Revenue: $612.1 million
Net income: $36.1 million
EPS: $0.73
Guidance: initiated
Result: reported results

Exact text from the filing

1933. --- EX-99.1 (EX-99.1 PRESS RELEASE 4Q2022) --- PRESS RELEASE 4Q2022 Document Exhibit 99.1 PROG Holdings Reports Fourth Quarter 2022 Results • Consolidated revenues of $612.1 million • Consolidated earnings before taxes of $53.7 million; Adjusted EBITDA increased 3.2% year-over-year to $74.4 million or 12.2% of revenues • Diluted EPS of $0.73; Non-GAAP

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Source: SEC EDGAR

accession 0001808834-23-000011

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