Upbound Group, Inc. (NASDAQ:UPBD) Q3 2024 Results Conference Call October 31, 2024 1:00 PM ET

Company Participants

Jeff Chesnut - Head of Investor Relations
Mitch Fadel - Chief Executive Officer
Fahmi Karam - Executive Vice President an

Conference Call Participants

Vincent Caintic - BTIG
Bobby Griffin - Raymond James
Hoang Nguyen - TD Cowen
Brad Thomas - KeyBanc Capital Markets
John Hecht - Jefferies
John Rowan - Janney Montgomery Scott
Anthony Chukumba - Loop Capital Markets

Operator

Good day. Thank you for standing by. Welcome to the Q3 2024 Upbound Group Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Jeff Chesnut, Head of IR. Please go ahead.

Jeff Chesnut

Good morning, and thank you all for joining us to discuss the company's performance for the third quarter of 2024. We issued our earnings release this morning before the market opened, and the release and all related materials including a link to the live webcast are available on our website at investor.upbound.com. On the call today from Upbound Group, we have Mitch Fadel, our CEO; and Fahmi Karam, our CFO.

As a reminder, some of the statements provided on this call are forward-looking and are subject to factors that could cause actual results to differ materially and adversely from our expectations. These factors are described in our earnings release as well as in the company's SEC filings.

Upbound Group undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. This call will also include references to non-GAAP financial measures. Please refer to today's earnings release, which can be found on our website for a description of the non-GAAP financial measures and the reconciliations to the most comparable GAAP financial measures.

Finally, Upbound Group is not responsible for and does not edit or guarantee the accuracy of our earnings teleconference transcripts provided by third parties. Please refer to our website for the only authorized webcasts.

With that, I'll turn the call over to Mitch.

Mitch Fadel

Thank you, Jeff, and good morning to everyone.

I'll begin with a review of the key highlights from the third quarter, Fahmi will share a more detailed review of our financial results and our financial outlook and afterwards we will take some questions. To being, I'm very pleased to share that our third quarter revenue was nearly $1.1 billion adjusted EBITDA was approximately $117 million and non-GAAP earnings per share was $0.95, which was right at the midpoint of the guidance we provided on our last call and a couple of cents above the average of our street consensus estimates.