secwatch.observer — SEC 8-K summary
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Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001808834-23-000104
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883423000104/0001808834-23-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883423000104/prg-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001808834-23-000104

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