PROG Holdings beats Q3 expectations; raises full-year outlook; Non-GAAP EPS $0.90 up 32.4% YoY

PROG Holdings, Inc.

2023-Q3 EPS reported $2.56 revenue$1,830,863,000

$0.76 GAAP diluted EPS; Non-GAAP diluted EPS $0.90, up 32.4% YoY.
Consolidated revenue $582.9M, down 6.9% YoY; Adjusted EBITDA $71.7M, up 10.4%.
Progressive Leasing write-offs improved to 6.6% of lease revenues from 7.2% in Q3 2022.
Full-year 2023 Adjusted EBITDA outlook raised to $295M-$300M from prior $270M-$280M.
Repurchased $36.4M in stock at avg $34.85; $229M remaining under $1B buyback program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

PROG Holdings, Inc. reported the third quarter ended September 30, 2023 results: revenue $582.9 million, net income $35.0 million, EPS $0.76. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $582.9 million
Net income: $35.0 million
EPS: $0.76
Guidance: raised
Result: reported results

Exact text from the filing

3Q2023) --- PRESS RELEASE 3Q2023 Document Exhibit 99.1 PROG Holdings Beats Third Quarter 2023 Expectations, Raises Full-Year Financial Outlook • Consolidated revenues of $582.9 million • Earnings before taxes of $48.1 million • Adjusted EBITDA of $71.7 million, increase of 10.4% year-over-year • Diluted EPS of $0.76; Non-GAAP Diluted EPS of $0.90, up 32.4%

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Source: SEC EDGAR

accession 0001808834-23-000104

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