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Mar 31, 2024
Prog Holdings Q1 2024 Earnings Report
PROG Holdings' first quarter performance exceeded expectations, driven by strong GMV, portfolio performance, and disciplined spending.
Key Takeaways
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.
Consolidated revenues reached $641.9 million.
Earnings before taxes totaled $31.6 million.
Adjusted EBITDA amounted to $72.6 million.
Diluted EPS was $0.49, with a non-GAAP diluted EPS of $0.91.
Revenue by Segment
Forward Guidance
PROG Holdings updated its full year 2024 outlook for revenue and earnings and provided outlook for the second quarter of 2024.
Positive Outlook
- Total Revenues between $550 million and $575 million
- Net Earnings between $26 million and $29 million
- Adjusted EBITDA between $58 million and $63 million
- Diluted EPS between $0.56 and $0.66
- Diluted Non-GAAP EPS between $0.65 and $0.75
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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