PROG Holdings, Inc. (PRG) M&A Call Transcript
PROG Holdings, Inc. (PRG) is positioned for a potential P/E rerating as their Buy Now, Pay Later business gains investor attention. Management has $150 million of excess cash from the divestiture of Vive Financial in Q3 2025. PROG repurchases ~1% of outstanding shares every quarter which provides strong downside protection and predictable EPS growth.
PROG Holdings, Inc. (NYSE:PRG ) Q3 2025 Earnings Call October 22, 2025 8:30 AM EDT Company Participants John Baugh - Vice President of Investor Relations Steven Michaels - CEO, President & Director Brian Garner - Chief Financial Officer Conference Call Participants Kyle Joseph - Stephens Inc., Research Division Robert Griffin - Raymond James & Associates, Inc., Research Division Anthony Chukumba - Loop Capital Markets LLC, Research Division Hoang Nguyen - TD Cowen, Research Division Bradley Thomas - KeyBanc Capital Markets Inc., Research Division John Hecht - Jefferies LLC, Research Division Vincent Caintic - BTIG, LLC, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the PROG Holdings Third Quarter Earnings Conference Call.
| Technology Hardware, Storage & Peripherals Industry | Information Technology Sector | Steven A. Michaels CEO | SET Exchange | US74319R1014 ISIN |
| US Country | 1,403 Employees | 18 Nov 2025 Last Dividend | 16 Apr 2010 Last Split | 7 Sep 1984 IPO Date |
PROG Holdings, Inc. is a pioneering financial technology holding company, offering diverse payment solutions to consumers. The company operates through three main segments: Progressive Leasing, Vive, and Four. Initially known as Aaron's Holdings Company, Inc., it underwent a rebranding to PROG Holdings, Inc. in December 2020. Founded in 1955, PROG Holdings has its headquarters in Draper, Utah. The company's transition to the brand PROG Holdings, Inc. marks a significant phase in its journey, emphasizing its commitment to providing innovative financial solutions.
PROG Holdings, Inc. delivers a variety of financial services designed to enhance consumer access to products and credit. These services are categorized into significant offerings: