secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROG Holdings, Inc. (PRG)
CIK:        0001808834
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001808834-25-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PROG Holdings Q4 revenue $623.3M, +8% YoY; non-GAAP EPS $0.80 above $0.72; sees FY25 revenue $2.52-2.59B
--------------------------------------------------------------------------------

- Q4 consolidated net earnings $57.5M vs $18.6M; GAAP diluted EPS $1.34 includes $27.6M deferred tax benefit.
- Non-GAAP diluted EPS $0.80 (up from $0.72); Adjusted EBITDA $65.7M (10.5% of revenues).
- Progressive Leasing GMV $597.5M, +9.1% YoY; lease merchandise write-offs 7.9% in Q4, 7.5% full year.
- FY2025 guidance: revenues $2.515-2.590B; adjusted EBITDA $260-280M; non-GAAP EPS $3.10-3.50.
- Q4 repurchased $40.5M stock at avg $47.03; paid $0.12 dividend; $361.3M remaining authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1808834/000180883425000008/0001808834-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1808834/000180883425000008/prg-20250219.htm
  HTML page:      https://secwatch.observer/filing/0001808834-25-000008

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