---
schema_version: "secwatch.filing_event.v1"
accession: "0001808834-24-000063"
form_type: "8-K"
ticker: "PRG"
cik: "0001808834"
company_name: "PROG Holdings, Inc."
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:49:35.600770+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# PROG Holdings Q1 2024: revenue $641.9M, adj EBITDA $72.6M, non-GAAP EPS $0.91; raises FY outlook

## Summary
- Consolidated revenue $641.9M (-2% YoY), adjusted EBITDA $72.6M (-19.1% YoY), diluted EPS $0.49; non-GAAP EPS $0.91.
- Progressive Leasing GMV $418.5M flat YoY; provision for lease write-offs 7.0% within target range.
- Company raises full-year 2024 revenue guidance to $2.285-$2.360B and adjusted EBITDA to $240-$255M.
- Repurchased $24.4M of stock at avg price $31.31; paid $0.12 per share dividend; $475.6M remaining authorization.
- Q2 2024 guidance: revenue $550-$575M, adjusted EBITDA $58-$63M, non-GAAP EPS $0.65-$0.75.

## SEC filing metadata
- accession: 0001808834-24-000063
- form_type: 8-K
- ticker: PRG
- cik: 0001808834
- company_name: PROG Holdings, Inc.
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1808834/000180883424000063/0001808834-24-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1808834/000180883424000063/prg-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001808834-24-000063
- JSON: https://secwatch.observer/filing/0001808834-24-000063.json
- Plain text: https://secwatch.observer/filing/0001808834-24-000063.txt

## Key facts
- Earnings Releases
  PROG Holdings, Inc. reported the first quarter ended March 31, 2024 results: revenue $641.9 million, net income $22.0 million, EPS $0.49. Guidance raised.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $641.9 million
  - Net income: $22.0 million
  - EPS: $0.49
  - Guidance: raised
  - Result: reported results
  source text: PROG Holdings Reports First Quarter 2024 Results • Consolidated revenues of $641.9 million; Earnings before taxes of $31.6 million • Adjusted EBITDA of $72.6 million • Diluted EPS of $0.49; Non-GAAP Diluted EPS of $0.91
  evidence_url: https://www.sec.gov/Archives/edgar/data/1808834/000180883424000063/0001808834-24-000063-index.htm

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