---
schema_version: "secwatch.filing_event.v1"
accession: "0001808834-23-000104"
form_type: "8-K"
ticker: "PRG"
cik: "0001808834"
company_name: "PROG Holdings, Inc."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T11:27:24.964568+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- $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.

## SEC filing metadata
- accession: 0001808834-23-000104
- form_type: 8-K
- ticker: PRG
- cik: 0001808834
- company_name: PROG Holdings, Inc.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808834/000180883423000104/0001808834-23-000104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808834/000180883423000104/prg-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001808834-23-000104
- JSON: https://secwatch.observer/filing/0001808834-23-000104.json
- Plain text: https://secwatch.observer/filing/0001808834-23-000104.txt

## Key facts
- Earnings Releases
  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
  source text: 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%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1808834/000180883423000104/0001808834-23-000104-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.