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Dec 31, 2022
Prog Holdings Q4 2022 Earnings Report
Prog Holdings' Q4 2022 financial performance was reported, exceeding expectations due to portfolio improvements and cost structure adjustments.
Key Takeaways
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.
Consolidated revenues reached $612.1 million.
Earnings before taxes were $53.7 million.
Adjusted EBITDA increased 3.2% year-over-year to $74.4 million, representing 12.2% of revenues.
Non-GAAP diluted EPS increased 25% year-over-year to $0.84.
Revenue by Segment
Forward Guidance
The Company is issuing full year and Q1 2023 outlook for revenues, net earnings, adjusted EBITDA, GAAP diluted EPS, and non-GAAP diluted EPS. This outlook assumes a difficult operating environment with continued soft demand for consumer durable goods, no material changes in the Company's decisioning posture, and no impact from additional share repurchases.
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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