HZN earnings

Third Quarter Summary Strategic alternatives process ongoing with objective to maximize shareholder value Focus on margin improvement through commercial actions, key business initiatives and cost structure optimization Net sales of $149.0 million $47.5 million decrease from third quarter of 2021 Gross profit of $16.7 million $22.1 million decrease from third quarter of 2021 Gross profit margin(4) decreased to 11.2% from 19.7% in third quarter of 2021 Net loss of $25.7 million $22.9 million deterioration from third quarter of 2021 Adjusted EBITDA(1) of $(5.9) million $18.9 million decrease from third quarter of 2021 Horizon Global Corporation (NYSE:HZN), one o

Horizon Global (NYSE:HZN) announced today that it will host a conference call regarding the Company's third quarter 2022 results on Wednesday, November 9, 2022, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global's President and Chief Executive Officer Terry Gohl, and James Zhou, Chief Financial Officer. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call. The third quarter 2022 results and supplemental materials, including a presentation in PDF format, will be distributed before the market opens on No

Second Quarter Summary Net sales of $181.2 million $40.9 million decrease from second quarter of 2021 Gross profit of $20.7 million $26.6 million decrease from second quarter of 2021 Gross profit margin(4) decreased to 11.4% from 21.3% in second quarter of 2021 Net loss of $22.4 million $23.4 million deterioration from second quarter of 2021 Adjusted EBITDA(1) of $(3.9) million $21.9 million decrease from second quarter of 2021 Issued $41.0 million of Series B Preferred Stock in exchange for $40.0 million of Convertible Senior Notes ("Convertible Notes"), which were cancelled effective June 27, 2022 Remaining $85.0 million of Convertible Notes repaid on July 1,

Horizon Global (NYSE:HZN) announced today that it will host a conference call regarding the Company's second quarter 2022 results on Tuesday, August 9, 2022, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global's President and Chief Executive Officer Terry Gohl, and James Zhou, Chief Financial Officer. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call. The second quarter 2022 results and supplemental materials, including a presentation in PDF format, will be distributed before the market opens on Augu

First Quarter Summary Net sales of $180.9 million $18.3 million decrease from first quarter of 2021 Gross profit of $20.2 million $20.4 million decrease from first quarter of 2021 Gross profit margin(4) decreased to 11.2% from 20.4% in the first quarter of 2021 Net loss of $27.0 million $11.8 million deterioration from first quarter of 2021 Adjusted EBITDA(1) of $(6.6) million $19.3 million reduction from first quarter of 2021 Horizon Global Corporation (NYSE:HZN), one of the leading manufacturers of branded towing and trailering equipment, today reported financial results for the first quarter of 2022. "We are extremely disappointed with our results for the fir

Horizon Global (NYSE:HZN) announced today that it will host a conference call regarding the Company's first quarter 2022 results on Thursday, May 5, 2022, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global's President and Chief Executive Officer Terry Gohl, and Dennis Richardville, Chief Financial Officer. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call, conference identification number 10165103. The first quarter 2022 results and supplemental materials, including a presentation in PDF format, wil

Fourth Quarter Highlights Net sales of $164.3 million $11.6 million decrease from fourth quarter of 2020 Gross profit of $16.0 million $16.9 million decrease from fourth quarter of 2020 Gross profit margin(4) decreased to 9.7% from 18.7% in the fourth quarter of 2020 Net loss from continuing operations of $16.2 million $10.3 million deterioration from fourth quarter of 2020 Adjusted EBITDA(1) of $(8.0) million $15.3 million decrease from fourth quarter of 2020 Full Year Highlights Net sales of $782.1 million $120.9 million increase compared to prior year Gross profit of $142.6 million $22.0 million increase compared to prior year Gross profit margin

Horizon Global (NYSE:HZN) announced today that it will host a conference call regarding the Company's fourth quarter and full year 2021 results on Thursday, March 10, 2022, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global's President and Chief Executive Officer Terry Gohl, and Dennis Richardville, Chief Financial Officer. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call, conference identification number 10155642. The fourth quarter and full year 2021 results and supplemental materials, including

Horizon Global Corporation (NYSE:HZN), one of the leading manufacturers of branded towing and trailering equipment, today announced an amendment to the agreement governing its term loan with Atlantic Park Strategic Capital Fund, L.P. ("Atlantic Park") and the execution of a commitment letter to issue, solely at the Company's option, up to $40.0 million of a new Series B Preferred Stock to Corre Partners Management, L.L.C. ("Corre") to facilitate meeting the Company's upcoming convertible note maturity. In addition, the Company announced its preliminary fourth quarter and full year financial results for the period ended December 31, 2021. Term Loan Agreement Amendment and Series B Preferred

Third Quarter Highlights Net sales of $196.5 million in a period impacted by rising commodity costs and global supply chain constraints $5.0 million decrease compared to third quarter of 2020 Gross profit of $38.8 million $4.6 million decrease from third quarter of 2020 Gross profit margin(4) decreased to 19.7% from 21.5% in the third quarter of 2020 Operating profit of $6.3 million $2.3 million decrease from third quarter of 2020 Net loss from continuing operations of $2.8 million $4.4 million decrease from third quarter of 2020 Adjusted EBITDA(1) of $13.0 million $3.1 million decrease from third quarter of 2020 Horizon Global Corporation (NYSE:HZN), one o

Horizon Global Corporation (NYSE:HZN) announced today that it will host a conference call regarding the Company's third quarter 2021 results on Thursday, November 4, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global President and Chief Executive Officer Terry Gohl as well as Chief Financial Officer Dennis Richardville. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call. The third quarter 2021 results and supplemental materials, including a presentation in PDF format, will be distributed before the m

Second Quarter Highlights Net sales of $222.1 million $101.6 million increase compared to second quarter of 2020 $29.4 million increase compared to second quarter of 2019 Gross profit of $47.3 million $29.2 million improvement over second quarter of 2020 $11.0 million improvement over second quarter of 2019 Gross profit margin(4) increased to 21.3% from 15.0% and 18.8% in second quarter of 2020 and second quarter of 2019, respectively Operating profit of $11.3 million $19.3 million improvement over second quarter of 2020 $8.7 million improvement over second quarter of 2019 Net income from continuing operations of $1.0 million $17.7 million improvement over seco

Horizon Global Corporation (NYSE:HZN) announced today that it will host a conference call regarding the Company's second quarter 2021 results on Tuesday, August 3, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global President and Chief Executive Officer Terry Gohl as well as Chief Financial Officer Dennis Richardville. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 825-9786 and from outside the U.S. at (412) 902-4185. Please ask to join the Horizon Global call. The second quarter 2021 results and supplemental materials, including a presentation in PDF format, will be distributed before the ma

First Quarter Highlights Net sales of $199.2 million; increase of $35.9 million, or 22.0%, compared to prior year comparable period Gross profit of $40.6 million; increase of $14.3 million over prior year comparable period. Gross profit margin(4) of 20.4% compared to 16.1% gross profit margin(4) during prior year comparable period Operating profit of $6.8 million; $13.5 million improvement compared to prior year comparable period Net loss from continuing operations of $15.2 million; $1.3 million improvement compared to prior year comparable period, inclusive of one-time $11.7 million loss on debt extinguishment related to February term loan refinancing Adjusted EBITDA(1) of $12.7

PLYMOUTH, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today reported fourth quarter and full year financial results for 2020. “2020 was a transformational year for Horizon Global as reflected by significant year-over-year improvements in profitability and cash flow generation,” stated Terry Gohl, Horizon Global’s President and Chief Executive Officer. “We entered 2020 with great momentum and high expectations for the turnaround of the Company. While we immediately faced unprecedented macro-economic challenges due to the global pandemic, the team maintained its focus and ultimate