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. (NYSE: PRG) is a fintech holding company headquartered in Salt Lake City, Utah, that focuses on transparent and competitive payment options and inclusive consumer financial products. News about PRG often centers on developments at its key subsidiaries, including Progressive Leasing, Four Technologies, Build, and, more recently, Purchasing Power.
Investors following PRG news can expect regular updates on quarterly financial results, where the company reports consolidated revenues, net earnings, adjusted EBITDA, and performance metrics for Progressive Leasing and Four Technologies. These releases frequently discuss lease portfolio performance, write-off ranges, and the contribution of BNPL and other products to the overall business.
Another important category of news involves strategic transactions and portfolio changes. PROG Holdings has announced the sale of the Vive Financial credit card receivables portfolio to Atlanticus Holdings Corporation, describing this as a step to improve capital efficiency while maintaining access to second-look credit solutions through a partner. The company has also reported on its agreement to acquire, and subsequent closing of the acquisition of, Purchasing Power, a voluntary employee benefit program that enables employees to purchase brand-name products and services through automatic payroll deductions or allotments.
PRG news items also cover capital allocation decisions, such as quarterly cash dividends declared by the Board of Directors, share repurchase activity, and updates on cash and debt levels. In addition, the company issues announcements about Investor Day events, conference calls, and webcasts that provide more detail on its strategic vision, key growth drivers, and long-term objectives.
For investors and analysts, the PRG news feed offers a centralized view of earnings releases, acquisition and divestiture announcements, dividend declarations, and other material events that shape the company’s fintech-oriented ecosystem.
PROG Holdings (NYSE:PRG), a fintech holding company, has scheduled to release its second quarter 2025 financial results on Wednesday, July 23, 2025, before market open. The company will host a live webcast at 8:30 A.M. ET on the same day to discuss the quarterly results.
PROG Holdings operates through several subsidiaries including Progressive Leasing (lease-to-own solutions), Vive Financial (revolving credit products), Four Technologies (Buy Now, Pay Later platform), and Build (personal credit building products). The company specializes in providing transparent payment options and inclusive consumer financial products.
Breach Inlet Capital, a top 10 shareholder with ~2% ownership in PROG Holdings (NYSE: PRG), has issued an open letter urging the company to launch a strategic review process, citing significant value destruction under current leadership. The letter highlights that PRG's share price has fallen ~55% since its 2020 spin-off from Aaron's, underperforming peers by ~105%.
The investor criticizes PRG's declining performance, with Progressive's EBITDA projected to be ~30% below 2020 levels, while competitor Acima has grown ~25%. The letter also points out excessive executive compensation despite poor performance, with CEO and CFO compensation increasing 86% while EBITDA dropped 30% from 2021 to 2024.
Breach Inlet Capital suggests two potential scenarios for value creation: a complete company sale that could yield $45-$65 per share (60-130% upside), or selling Four Technologies, repurchasing shares, and transforming Progressive, potentially worth $45-$80 per share (60-180% upside).
PROG Holdings (NYSE: PRG), a fintech holding company, has announced a quarterly cash dividend of $0.13 per share of common stock. The dividend will be payable on June 3, 2025, to shareholders of record as of the close of business on May 20, 2025.
PROG Holdings operates through several subsidiaries including Progressive Leasing (e-commerce and point-of-sale lease-to-own solutions), Vive Financial (second-look revolving credit), Four Technologies (Buy Now, Pay Later platform), and Build (personal credit building products).
PROG Holdings (NYSE:PRG), a fintech holding company, has announced it will release its first quarter 2025 financial results on Wednesday, April 23, 2025, before the market opens. The company will host a live webcast at 8:30 A.M. ET on the same day to discuss the quarterly results.
PROG Holdings operates through several subsidiaries including Progressive Leasing (e-commerce and point-of-sale lease-to-own solutions), Vive Financial (second-look revolving credit), Four Technologies (Buy Now, Pay Later platform), and Build (personal credit building products). The company is headquartered in Salt Lake City, UT.
PROG Holdings (NYSE:PRG), a fintech holding company, has announced a quarterly cash dividend of $0.13 per share of common stock. The dividend will be payable on March 25, 2025, to shareholders of record as of March 13, 2025.
The company, headquartered in Salt Lake City, operates through multiple subsidiaries including Progressive Leasing, a provider of lease-to-own solutions; Vive Financial, offering second-look revolving credit products; Four Technologies, providing Buy Now, Pay Later options; and Build, offering personal credit building products.
PROG Holdings (NYSE:PRG) reported strong Q4 2024 results with consolidated revenues of $623.3 million, up 8.0% year-over-year. Net earnings reached $57.5 million with diluted EPS of $1.34 and non-GAAP diluted EPS of $0.80. Progressive Leasing achieved GMV of $597.5 million, marking 9.1% growth year-over-year.
The company ended Q4 with $95.7 million in cash and $650.0 million in gross debt. During the quarter, PROG repurchased $40.5 million of stock at an average price of $47.03 per share and paid a $0.12 per share dividend.
For 2025, PROG projects total revenues between $2.515-2.590 billion, net earnings of $115.5-133.5 million, and adjusted EBITDA of $260-280 million. The outlook assumes a challenging operating environment with soft consumer durable goods demand.
PROG Holdings (NYSE:PRG), a fintech holding company, has announced it will release its fourth quarter 2024 financial results on Wednesday, February 19, 2025, before market open. The company will host a live webcast at 8:30 A.M. ET on the same day to discuss the results.
PROG Holdings operates through multiple subsidiaries including Progressive Leasing, which provides lease-to-own solutions, Vive Financial, offering second-look revolving credit products, Four Technologies, providing Buy Now, Pay Later options, and Build, offering personal credit building products.
PROG Holdings (NYSE:PRG) has announced a quarterly cash dividend of $0.12 per share of common stock. The dividend will be paid on December 3, 2024, to shareholders of record as of November 19, 2024. PROG Holdings is a fintech holding company based in Salt Lake City, operating through its subsidiaries Progressive Leasing, Vive Financial, Four Technologies, and Build, providing various financial services including lease-to-own solutions, revolving credit products, Buy Now, Pay Later options, and personal credit building products.
PROG Holdings reported strong Q3 2024 results with consolidated revenues of $606.1 million, up 4.0% year-over-year. Net earnings reached $84.0 million, significantly higher than $35.0 million in 2023, primarily due to a $53.6 million non-cash tax benefit. Progressive Leasing achieved 11.6% GMV growth to $456.7 million. Adjusted EBITDA was $63.5 million (10.5% of revenues), compared to $71.7 million (12.3%) in 2023. The company raised its full-year outlook, projecting total revenues between $2.44-2.46 billion and net earnings of $165.5-170.5 million.
PROG Holdings, Inc. (NYSE:PRG), a fintech holding company, has announced it will release its third quarter 2024 financial results on Wednesday, October 23, 2024 before the market opens. The company has scheduled a live webcast at 8:30 A.M. ET on the same day to discuss the results.
Investors can access the webcast through the provided link or via the Events & Presentations section of PROG Holdings' investor relations website. PROG Holdings is the parent company of Progressive Leasing, Vive Financial, Four Technologies, and Build, offering various financial products and services including lease-to-own solutions, revolving credit products, Buy Now, Pay Later options, and personal credit building products.
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