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PROG (PRG) - 2025 Q1 - Earnings Call Presentation
2025-04-23 17:44
Q1 2025 Financial Performance - Consolidated revenues reached $684.1 million[5], a 6.6% increase year-over-year[12, 17] - Net earnings totaled $34.7 million[5], with a diluted EPS of $0.83[5] - Adjusted EBITDA amounted to $70.3 million[5], representing 10.3% of consolidated revenues[11] - Non-GAAP diluted EPS was $0.90[5], relatively flat year-over-year[12] Segment Results - Progressive Leasing's GMV was $402.0 million[5], a 4.0% decrease year-over-year[15, 20] - Progressive Leasing's revenue increased 5.0% year-over-year to $651.6 million[15, 20] - Progressive Leasing's write-offs as a percentage of revenue was 7.4%, within the targeted annual range of 6-8%[14, 15] - Four Technologies experienced GMV growth of 145.7% and achieved quarterly positive Adjusted EBITDA[5] 2025 Outlook - The company revised its full-year 2025 revenue outlook to $2.425 billion - $2.5 billion[21] - The company projects Q2 2025 revenues between $575 million and $595 million[24]