PROG Holdings Q1 diluted EPS falls to $0.49; full-year outlook raised
PROG Holdings reported first-quarter 2024 consolidated revenues of $641.9 million, down 2.0% from a year earlier, and diluted EPS of $0.49 versus $1.00, with net earnings reduced by $18.0 million of restructuring expense. The company raised its full-year 2024 revenue and earnings outlook, with revenues now projected at $2.285 billion to $2.360 billion and diluted EPS at $2.18 to $2.43. Shareholders also received a $0.12 per share cash dividend, and the company repurchased $24.4 million of stock in the quarter.
Key points
- Q1 2024 revenues $641.9 million, down 2.0%; net earnings $22.0 million versus $48.0 million a year earlier
- Restructuring expense of $18.0 million tied to cost reduction actions executed in January
- Full-year 2024 total revenue outlook raised to $2.285 billion-$2.360 billion from $2.235 billion-$2.335 billion
- Second-quarter 2024 diluted EPS outlook of $0.56 to $0.66
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:58 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.