Welcome to our dedicated page for Prog Holdings news (Ticker: PRG), a resource for investors and traders seeking the latest updates and insights on Prog Holdings stock.
PROG Holdings Inc (PRG) delivers innovative financial technology solutions through its Progressive Leasing and Vive Financial segments. This page provides official company announcements, strategic updates, and operational developments for investors and industry observers.
Access timely updates on earnings reports, partnership agreements, product innovations, and regulatory compliance matters. Our curated news collection simplifies tracking PRG's market position in lease-to-own services and consumer credit solutions.
Discover coverage of key business milestones including retail network expansions, technology platform enhancements, and financial performance metrics. All content is verified through primary sources to ensure accuracy and relevance.
Bookmark this page for streamlined access to PROG Holdings' latest developments in fintech innovation. Regularly updated to reflect new press releases and authoritative analysis of the company's evolving market strategy.
PROG Holdings (NYSE:PRG) reported strong Q2 2024 results, exceeding expectations across key metrics. Highlights include:
- Consolidated revenues of $592.2 million, down 0.1% YoY
- Earnings before taxes of $48.3 million
- Adjusted EBITDA of $72.3 million, down 3.7% YoY
- Diluted EPS of $0.77; Non-GAAP Diluted EPS of $0.92
- Progressive Leasing GMV of $454.5 million, up 7.9% YoY
The company raised its full-year outlook for consolidated revenue and earnings, expecting continued GMV momentum in Q3 and revenue growth in H2 2024. PROG Holdings ended Q2 with $250.1 million in cash and repurchased $36.7 million of its stock.
PROG Holdings, a fintech holding company, will release its financial results for Q2 2024 on July 24, 2024, before market open. A live webcast to discuss these results is scheduled for the same day at 8:30 AM ET. Investors can access the webcast via a provided link or through the company's investor relations website, where it will also be archived. PROG Holdings operates Progressive Leasing, Vive Financial, Four Technologies, and Build, providing various consumer financial products and payment solutions.
PROG Holdings (NYSE:PRG) announced that its subsidiary, Progressive Leasing, has won the Silver Stevie® Award for Customer Service Department of the Year in Financial Services at the 2024 American Business Awards®.
This is the second consecutive year Progressive Leasing has been recognized for its high customer satisfaction, superior employee engagement, and customer service excellence.
Key achievements include a notable increase in Net Promoter Score (NPS) and employee Net Promoter Score (eNPS), reduced complaints, and high customer satisfaction ratings. Employee development initiatives have resulted in improved retention rates and a supportive work environment.
The Stevie Awards are a prestigious recognition, with over 12,000 entries reviewed annually by more than 300 professionals worldwide.
PROG Holdings (NYSE:PRG) announced a quarterly cash dividend of $0.12 per share, payable on June 11, 2024, to shareholders of record as of May 28, 2024. This fintech holding company, headquartered in Salt Lake City, UT, encompasses Progressive Leasing, Vive Financial, Four Technologies, and Build. These subsidiaries offer a range of financial solutions such as lease-to-own options, revolving credit products, Buy Now, Pay Later services, and personal credit-building products.
