UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-Q ________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED September 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-39628 ________________________________ PROG HOLDINGS, INC. (Exact name of r ...

Call Start: 08:30 January 1, 0000 9:15 AM ET PROG Holdings, Inc. (NYSE:PRG) Q2 2023 Earnings Conference Call July 26, 2023 08:30 ET Company Participants John Baugh - VP, IR Steve Michaels - President & CEO Brian Garner - CFO Conference Call Participants Kyle Joseph - Jefferies Jason Haas - Bank of America Bradley Thomas - KeyBanc Capital Markets Anthony Chukumba - Loop Capital Bobby Griffin - Raymond James Operator Standing by, and welcome to the PROG Holdings Second Quarter 2023 Earnings Conference Call. A ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ________________________________ FORM 10-Q ________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-39628 ________________________________ PROG HOLDINGS, INC. (Exact name of regist ...

PROG Holdings, Inc. (NYSE:PRG) Q1 2023 Earnings Conference Call April 26, 2023 8:30 AM ET Company Participants John Baugh - VP, IR Steven A. Michaels - President and CEO Brian Garner - CFO Conference Call Participants Kyle Joseph - Jefferies Bradley Thomas - KeyBanc Capital Markets Anthony Chukumba - Loop Capital Bobby Griffin - Raymond James Jason Haas - Bank of America Vincent Caintic - Stephens, Inc. Operator Good day ladies and gentlemen and thank you for standing by. Welcome to the PROG Holdings First ...

PROG Internal Statements in this presentation regarding our business that are not historical facts are "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those contained in the forward-looking statements. Such forward-looking statements generally can be identified by the use of forward-looking terminology, such as "outlook", "expect", "continue", "should", and similar forward-looking terminology. These risks and uncertainties include ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION PROG HOLDINGS, INC. WASHINGTON, D.C. 20549 ________________________________ FORM 10-Q ________________________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER 1-39628 ________________________________ Title of each class ...

PROG Holdings Inc Use of Forward-Looking Statements PROG Holdings Q4 2022 Headlines • Consolidated earnings before taxes of of $53.7 million • Progressive Leasing write-offs of 6.5%, down sequentially and year-over-year 4 We believe that our market leadership and financial strength will allow us to navigate through this uncertain period, continue to broaden our partner base, and position us to capitalize on increased consumer demand when the current macro-economic headwinds subside." FEBRUARY 22, 2023 2 • C ...

PROG Holdings, Inc. (NYSE:PRG) Q4 2022 Earnings Conference Call February 22, 2023 8:30 AM ET Company Participants John Baugh - Vice President, Investor Relations Steve Michaels - President and Chief Executive Officer Brian Garner - Chief Financial Officer Conference Call Participants Brad Thomas - KeyBanc Anthony Chukumba - Loop Capital Jason Haas - Bank of America Alessandra Jimenez - Raymond James Hal Goestch - Loop Capital Vincent Caintic - Stephens Operator Good day, and thank you for standing by. Welc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission file Number. 1-39628 PROG HOLDINGS, INC. (Exact name of registrant as specified in its charter) Georgia 85-2484385 (State or other jurisdiction of in ...

Financial Data and Key Metrics Changes - Q3 revenue for PROG Holdings was $625.8 million, a decrease of 3.8% compared to $650.4 million in the year-ago period [24] - Adjusted EBITDA for Q3 was $65 million, or 10.4% of revenues, down from $93.6 million, or 14.4% of revenues in the same period last year [24] - GAAP diluted EPS was $0.32, while non-GAAP EPS came in at $0.68 [25] - The accounts receivable provision increased to $104.3 million for Q3 2022 from $61.5 million for Q3 2021, reflecting higher delinquencies year-over-year [21] Business Line Data and Key Metrics Changes - Q3 GMV for the Progressive Leasing segment was down 11.3% year-over-year, primarily due to macroeconomic factors and tighter decisioning [20] - Progressive Leasing revenue was $606.6 million in Q3, a 4.5% decrease from $635 million in the year-ago period [21] - Progressive Leasing write-offs were $43.5 million, or 7.2% of revenues, compared to $34.2 million, or 5.4% of revenues in the year-ago period [22] Market Data and Key Metrics Changes - E-commerce accounted for 16.5% of total Q3 GMV, up from 14.5% for the same period last year [10] - Retail traffic remains down, with several large partners posting double-digit negative comps [12] - The company experienced weak consumer demand across most retail verticals, contributing to the negative GMV comp [11][13] Company Strategy and Development Direction - The company is focused on increasing its balance of share with key retailers and expanding its e-commerce partnerships [10][11] - Management emphasized the importance of technological innovations and pipeline conversions to mitigate macroeconomic headwinds [15][17] - The company has lowered its full-year 2022 financial outlook due to ongoing challenges in the macro environment [26] Management's Comments on Operating Environment and Future Outlook - Management noted that the operating environment remains challenging, with expectations for Q4 GMV to be similar to Q3's year-over-year percentage decline [16] - The company is optimistic about converting more retail partners from its pipeline over the next several years [11] - Management highlighted the strength of the business model, demonstrating effective portfolio management and cash flow generation even in a difficult environment [18] Other Important Information - The company ended September with a cash position of $222 million and has reduced its outstanding share count by 27% since the beginning of 2021 [16][25] - During Q3, the company repurchased 588,000 shares, with $373.5 million remaining under its $1 billion share repurchase program [25] Q&A Session Summary Question: Impact of GMV Deceleration - Management indicated that GMV pressures were primarily due to macroeconomic weakness and decisioning changes made throughout Q2, with more than 50% of Q3's decline attributed to decisioning [29][30] Question: Prospects for GMV Recovery - Management expressed that recovery in consumer demand is difficult to predict, but they remain encouraged by their ability to execute growth initiatives despite the challenging retail environment [31][34] Question: Competitive Environment - Management noted that the challenging environment provides opportunities to demonstrate the strength of their business model and to capture market share from smaller competitors facing funding issues [35][36] Question: Accounts Receivable Provision Dynamics - Management explained that the accounts receivable provision is still heavily weighted towards the old portfolio, but they expect relief as newer decisioning practices take effect [41][42] Question: Write-off Rates and Future Expectations - Management stated that they expect write-offs in Q4 to be similar to Q3 levels, aiming for the high end of their annual target range of 6% to 8% [76][77] Question: Retail Partner Pipeline - Management confirmed that the current retail environment is conducive for their flexible payment solutions, and they are optimistic about converting their pipeline into partnerships [51][52] Question: Operating Expenses and Flexibility - Management indicated that while SG&A expenses may tick up in Q4 due to seasonal factors, they maintain a highly variable cost structure that allows for flexibility [66][68]