PROG Holdings Inc (PRG) Tops Q3 EPS by 27c, Beats on Revenue; Offers Upbeat FY23 Guidance

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Go back to PROG Holdings Inc (PRG) Tops Q3 EPS by 27c, Beats on Revenue; Offers Upbeat FY23 Guidance

PROG Holdings Beats Third Quarter 2023 Expectations, Raises Full-Year Financial Outlook

October 25, 2023 7:00 AM EDT

Consolidated revenues of $582.9 million Earnings before taxes of $48.1 million Adjusted EBITDA of $71.7 million, increase of 10.4% year-over-year Diluted EPS of $0.76; Non-GAAP Diluted EPS of $0.90, up 32.4% year-over-year Progressive Leasing write-offs of 6.6%, down from 7.2% in Q3 2022

SALT LAKE CITY--(BUSINESS WIRE)-- PROG Holdings, Inc. (NYSE: PRG), the fintech holding company for Progressive Leasing, Vive Financial, Four Technologies, and Build, today announced financial results for the third quarter ended September 30, 2023.

"PROG Holdings third quarter results exceeded expectations once again, as our teams... More