secwatch.observer — SEC 8-K summary
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Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001808834-24-000063
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883424000063/0001808834-24-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883424000063/prg-20240424.htm
  HTML page:      https://secwatch.observer/filing/0001808834-24-000063

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