---
schema_version: "secwatch.filing_event.v1"
accession: "0001808834-24-000020"
form_type: "8-K"
ticker: "PRG"
cik: "0001808834"
company_name: "PROG Holdings, Inc."
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:15:14.123392+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# PROG Holdings Q4 2023 revenue $577.4M (-5.7% YoY); EPS $0.41; initiates quarterly dividend and $500M buyback

## Summary
- Q4 consolidated revenue $577.4M, net earnings $18.6M (diluted EPS $0.41), non-GAAP EPS $0.72.
- Progressive Leasing GMV $547.6M (+1.2% YoY); provision for lease write-offs 7.0% within 6%-8% target.
- Board declared $0.12 quarterly dividend payable March 28, 2024 to holders of record March 14, 2024.
- Board authorized additional $302M share repurchase, bringing total authorization to $500M through Feb 2027.
- Curtis Doman retires as Chief Innovation Officer effective immediately; remains Special Advisor and Board member.

## SEC filing metadata
- accession: 0001808834-24-000020
- form_type: 8-K
- ticker: PRG
- cik: 0001808834
- company_name: PROG Holdings, Inc.
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808834/000180883424000020/0001808834-24-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808834/000180883424000020/prg-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001808834-24-000020
- JSON: https://secwatch.observer/filing/0001808834-24-000020.json
- Plain text: https://secwatch.observer/filing/0001808834-24-000020.txt

## Key facts
- Earnings Releases
  PROG Holdings, Inc. reported fourth quarter and fiscal year ended December 31, 2023 results: revenue $577.4 million, net income $18.6 million, EPS $0.41.
  - Period: fourth quarter and fiscal year ended December 31, 2023
  - Revenue: $577.4 million
  - Net income: $18.6 million
  - EPS: $0.41
  - Result: reported results
  source text: Consolidated revenues for the fourth quarter of 2023 were $577.4 million, a decrease of 5.7% from the same period in 2022, driven by a lower gross leased asset balance entering the quarter. Consolidated net earnings for the quarter were $18.6 million, compared with $36.1 million in the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1808834/000180883424000020/0001808834-24-000020-index.htm
- Executive change
  Curtis L. Doman retired as Chief Innovation Officer at PROG Holdings, Inc..
  - Action: retired
  - Role: Chief Innovation Officer
  source text: On February 21, 2024, the Company announced that Curtis L. Doman, Co-Founder of Progressive Leasing, the Company's Chief Innovation Officer and a member of the Company's Board of Directors, will be retiring from his role as the Company's Chief Innovation Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1808834/000180883424000020/0001808834-24-000020-index.htm

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