secwatch.observer — SEC 8-K summary
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Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001808834-24-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883424000020/0001808834-24-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883424000020/prg-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001808834-24-000020

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