PROG Holdings, Inc.

PROG Holdings, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.14 per share of common stock. The dividend is scheduled to be paid on December 1, 2026, to shareholders who are on record as of November 17, 2026. This action reflects the company's ongoing commitment to returning value to its shareholders.

PROG Holdings, Inc. has announced an accelerated share repurchase (ASR) program valued at $100 million. The program, executed with Bank of America, involves the repurchase of the company's common stock. An initial delivery of approximately 2.59 million shares was received, with final settlement anticipated by the end of Q1 2027. This ASR program operates under the company's existing, reauthorized share repurchase program and is funded through existing cash and credit facilities.

PROG Holdings announced its third-quarter financial results, reporting a 25.6% year-over-year increase in consolidated revenues to $725.8 million and a 21.8% rise in Adjusted EBITDA to $80.0 million. Diluted EPS from continuing operations grew to $0.92. The company also announced its intention to enter into a $100 million accelerated share repurchase program and replenished its existing share repurchase program by $237.3 million, bringing the total available for future repurchases to $500 million, with the program extended through October 2029.

PROG Holdings, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share of common stock. The dividend is scheduled to be paid on September 3, 2026, to shareholders who are on record as of the close of business on August 18, 2026.

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.

PROG Holdings announced that its President and CEO, Steven A. Michaels, has been elected to the additional position of Chairman of the Board, effective immediately. He succeeds Ray M. Robinson, who has been appointed Lead Independent Director. The Board also awarded Mr. Michaels a one-time special equity grant of $5 million in restricted stock units, vesting over three, four, and five years, to retain him and recognize his leadership. Additionally, the company declared a quarterly cash dividend of $0.14 per share, payable on June 2, 2026. Shareholders at the 2026 Annual Meeting approved the election of directors, executive compensation, auditor ratification, and an amendment to the equity and incentive plan.

PROG Holdings, Inc. reported a significant increase in Q1 2026 total revenue, up 11.1% to $742.7 million, with diluted EPS rising 7.2% to $0.89. These results reflect the strategic acquisition of Purchasing Power on January 2, 2026, which contributed $106.4 million in new product and service revenues. While lease revenues declined, operating profit grew by 15.9% to $65.3 million. The company also increased its common stock dividend to $0.14 per share.

PROG Holdings, Inc. reported strong first quarter 2026 financial results, exceeding its earnings and non-GAAP EPS outlook. Consolidated revenues from continuing operations increased 11.1% to $742.7 million, with non-GAAP diluted EPS up 37.8% to $1.24. The company also significantly reduced net recourse debt by $210 million since the Purchasing Power acquisition, bringing its net leverage ratio to 2.0. Based on this performance and business momentum, PROG Holdings raised its full-year 2026 outlook for revenue and earnings.