PROG Holdings delivered strong adjusted EBITDA and EPS despite a modest revenue decline, driven by margin expansion in Progressive Leasing and continued growth in Four Technologies.
PROG Holdings delivered a resilient second quarter in 2025, with consolidated revenues reaching $604.7 million and net earnings of $38.5 million. The company's Progressive Leasing segment demonstrated strong execution despite GMV headwinds, while Four Technologies continued its impressive growth with over 200% revenue increase and sustained profitability. Diluted EPS was $0.95, and non-GAAP diluted EPS was $1.02, reflecting a 10.9% increase year-over-year on a non-GAAP basis.
PROG Holdings, Inc. announced its first quarter 2025 financial results, reporting consolidated revenues of $684.1 million, a 6.6% increase from the prior year, and net earnings of $34.7 million. Adjusted EBITDA for the quarter was $70.3 million. Diluted EPS was $0.83, while non-GAAP diluted EPS was $0.90.
PROG Holdings reported consolidated revenues of $641.9 million and net earnings of $22.0 million for the first quarter of 2024. The company's diluted EPS was $0.49, and non-GAAP diluted EPS was $0.91. The company raises full year consolidated revenue and earnings outlook.
PROG Holdings reported consolidated revenues of $577.4 million and earnings before taxes of $28.5 million for Q4 2023. Diluted EPS was $0.41, and Non-GAAP Diluted EPS was $0.72. The company also initiated a quarterly cash dividend and announced a $500 million share repurchase authorization.
PROG Holdings' Q3 2023 results surpassed expectations, driven by strong portfolio performance and disciplined SG&A management. Consolidated revenues reached $582.9 million, with net earnings of $35.0 million and a non-GAAP diluted EPS of $0.90.
PROG Holdings reported consolidated revenues of $592.8 million and net earnings of $37.2 million for Q2 2023. The company's adjusted EBITDA increased by 44% year-over-year to $75.0 million, and diluted EPS was $0.79, with non-GAAP diluted EPS reaching $0.92, a 76.9% increase year-over-year.
PROG Holdings reported consolidated revenues of $655.1 million and net earnings of $48.0 million for the first quarter of 2023. The company's adjusted EBITDA increased by 38.9% year-over-year. Diluted EPS was $1.00, and non-GAAP diluted EPS was $1.11, up 94.7% year-over-year.
PROG Holdings reported consolidated revenues of $612.1 million and net earnings of $36.1 million for Q4 2022. The company's adjusted EBITDA increased 3.2% year-over-year to $74.4 million, and non-GAAP diluted EPS was $0.84, up 25% year-over-year.
PROG Holdings reported a decrease in consolidated revenues to $649.4 million, a net income of $19.5 million, and a diluted EPS of $0.37 for the second quarter of 2022. The company is focused on increasing its market share and has launched as the exclusive lease-to-own provider for Samsung.com.
PROG Holdings reported consolidated revenues of $710.5 million for the first quarter of 2022, a decrease of 1.5% from the same period in 2021. Diluted EPS was $0.49, and non-GAAP diluted EPS was $0.57. The company is reiterating its full year 2022 consolidated outlook.
PROG Holdings reported a 6.8% increase in consolidated revenues, driven by e-commerce growth and key national partners. The company also executed a significant share repurchase program, returning $439 million to shareholders. While adjusted EBITDA decreased due to normalized delinquency rates and increased SG&A investments, the company is optimistic about future growth and profitability.
PROG Holdings reported a 6.4% increase in consolidated revenues, reaching $650.4 million, and a diluted EPS of $0.86. The company's Progressive Leasing GMV grew by 9.9%, with e-commerce GMV experiencing a significant increase of 192%.
PROG Holdings reported strong Q2 2021 results, with a 10.1% increase in consolidated revenues to $660 million. Progressive Leasing's GMV grew by 25.2%, and e-commerce GMV surged by 274%. Diluted EPS was $1.02, and non-GAAP diluted EPS reached $1.09, up 18.5%. The company also acquired Buy Now, Pay Later provider Four Technologies.
PROG Holdings reported a strong first quarter with significant growth in key areas. Progressive Leasing's GMV increased by 10.4%, driven by e-commerce penetration and national partners. Consolidated revenues rose by 7.9%, and diluted EPS reached $1.16. The company also provided a positive FY 2021 outlook.
PROG Holdings reported a 6.5% increase in revenue to $605.7 million. Diluted EPS was $0.62, while non-GAAP diluted EPS increased by 46.2% to $0.95. The Board of Directors authorized a new $300 million share repurchase program.
Aaron's Holdings reported record third quarter revenues of $1.05 billion, up 9.2% year-over-year. Diluted EPS was $1.60, and non-GAAP diluted EPS was $1.80, up 147%. The company expects the spin transaction to be completed during the fourth quarter.