secwatch.observer — SEC 8-K summary
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Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001808834-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883423000011/0001808834-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883423000011/prg-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001808834-23-000011

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