Quarterly ResultJul 30, 2026, 06:07 AM
PROG Holdings Q2 Revenue Up to $719.7M; Acquires Purchasing Power
AI Summary
PROG Holdings, Inc. reported Q2 2026 revenues of $719.7 million, a significant increase from $588.5 million in Q2 2025, largely driven by the acquisition of Purchasing Power for approximately $424.2 million on January 2, 2026. Despite the revenue growth, net earnings for the quarter decreased slightly to $37.0 million from $38.5 million in the prior year, resulting in diluted EPS of $0.91 compared to $0.95. The company's total assets grew to $2.048 billion, reflecting the impact of the acquisition.
Key Highlights
- Acquired Purchasing Power for approximately $424.2 million on January 2, 2026.
- Q2 2026 revenues increased to $719.7 million from $588.5 million in Q2 2025.
- Q2 2026 net earnings were $37.0 million, down from $38.5 million in Q2 2025.
- Q2 2026 diluted earnings per share decreased to $0.91 from $0.95.
- Total assets rose to $2.048 billion as of June 30, 2026, from $1.610 billion.
- Debt, net, increased to $887.1 million from $594.9 million as of December 31, 2025.
- Cash dividend declared per share increased to $0.14 from $0.13.
Price Impact
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