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Dec 31, 2020
Prog Holdings Q4 2020 Earnings Report
Reported fourth quarter results as a stand-alone public company.
Key Takeaways
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.
Revenues of $605.7 million, up 6.5%
Diluted EPS of $0.62; Non-GAAP Diluted EPS $0.95, up 46.2%
Earnings before taxes of $66.3 million; Adjusted EBITDA of $90.0 million, up 35.9%
Board of Directors authorizes new $300 million share repurchase program
Revenue by Segment
Forward Guidance
The Company is providing outlook for the first quarter of 2021, but will not be providing annual guidance at this time, as the economic uncertainty created by the pandemic, and uncertainty regarding the amount, nature and timing of any government stimulus, continues to impact our POS partners and our customers in a manner that limits its visibility into its full-year performance for 2021.
Positive Outlook
- PROG Holdings - Total Revenues between $650,000 and $670,000 (in thousands)
- PROG Holdings - Net Earnings between 55,000 and 58,000 (in thousands)
- PROG Holdings - Adjusted EBITDA between 185,000 and 90,000 (in thousands)
- PROG Holdings - Diluted EPS between 0.81 and 0.87
- PROG Holdings - Diluted Non-GAAP EPS between 0.89 and 0.95
Challenges Ahead
- Economic uncertainty created by the pandemic
- Uncertainty regarding the amount, nature and timing of any government stimulus
- Impacts on POS partners
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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