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Horizon Global

Horizon Global is the #1 designer, manufacturer and distributor of a wide variety of high quality, custom-engineered towing, trailering, cargo management and other related accessory products in North America, Australia and Europe. The Company serves OEMs, retailers, dealer networks and the end consumer as the category leader in the automotive, leisure and agricultural market segments. Horizon provides its customers with outstanding products and services that reflect the Company's commitment to market leadership, innovation and operational excellence. The Company’s mission is to utilize forward-thinking technology to develop and deliver best-in-class products for our customers, engage with our employees and realize value creation for our shareholders.

Horizon Global is home to some of the world’s most recognized brands in the towing and trailering industry, including: Reese, Draw-Tite, Westfalia, Hayman-Reese, Bulldog, Tekonsha, Fulton and Rola. Horizon Global has approximately 4,700 employees, 67 facilities, and 21 countries.

Spotlight News

Horizon Global to Acquire Brink Group From H2 Equity Partners
“We look forward to adding the Brink Group’s powerful product portfolio and manufacturing expertise to that of Horizon Global’s, and we are confident this combination will enhance our ability to better serve our customers and end users across all markets that we serve,” said Mark Zeffiro, president and chief executive officer of Horizon Global.
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Latest News

05/08/2018
Horizon Global Board of Directors Appoints Carl Bizon, Current President of Horizon Global Americas, Interim President and Chief Executive Officer
Dateline City:
TROY, Mich.

TROY, Mich.--(BUSINESS WIRE)--The Board of Directors of Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that it appointed Carl Bizon to serve as Interim President and Chief Executive Officer, effective immediately, to build on Horizon Global’s solid foundation and increase profitability for long-term sustainable growth. The appointment follows the Board’s acceptance of Mark Zeffiro’s resignation from his executive positions and as a director.

Language:
English
Contact:

Horizon Global
Christi Cowdin, 248-593-8810
Director, Corporate Communications & Investor Relations
ccowdin@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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05/03/2018
Horizon Global Reports Financial Results for First Quarter 2018; Updates Progress on Targeted Action Plan
Dateline City:
TROY, Mich.

Business Update

  • Progress against previously announced targeted action plan, including workforce reductions and facility consolidation
  • Net sales increased from $203.3 million to $216.8 million, up 6.6 percent
    • Net sales relatively flat in constant currency(3)
  • Non-cash goodwill impairment of $43.4 million in the Europe-Africa segment negatively impacted consolidated operating results
  • Operating loss of $(53.3) million, operating margin of (24.6) percent
    • Adjusted operating profit(1) of $(2.9) million, adjusted operating profit(1) margin of (1.4) percent
  • First quarter diluted earnings per share of $(2.30)
    • First quarter adjusted diluted earnings per share(2) of $(0.32)
  • Full-year 2018 guidance on an adjusted basis reaffirmed

TROY, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today reported first quarter results. The Company also provided an update on its targeted action plan, focused on the restructuring of its Americas segment and business improvement activities in its Europe-Africa segment.

Language:
English
Contact:

Horizon Global Corporation
Christi Cowdin, 248-593-8810
Director, Corporate Communications & Investor Relations
ccowdin@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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04/30/2018
Horizon Global to Present at Wells Fargo Securities Industrials Conference
Dateline City:
TROY, Mich.

TROY, Mich.--(BUSINESS WIRE)--Horizon Global (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that President and Chief Executive Officer Mark Zeffiro is scheduled to present at the Wells Fargo Securities Industrials Conference at the Lotte New York Palace Hotel in New York City on Wednesday, May 9, 2018, at 1:15p.m. EDT.

Language:
English
Contact:

Horizon Global
Christi Cowdin
Director, Corporate Communications & Investor Relations
(248) 593-8810
ccowdin@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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04/23/2018
Horizon Global Announces Date for First Quarter 2018 Earnings Release
Dateline City:
TROY, Mich.

TROY, Mich.--(BUSINESS WIRE)--Horizon Global (NYSE: HZN) announced today that it will host a conference call regarding first quarter 2018 earnings on Thursday, May 3, 2018, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global President and Chief Executive Officer A. Mark Zeffiro. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (844) 711-8052 and from outside the U.S. at (832) 900-4641. Please use the conference identification number 4175946.

Language:
English
Contact:

Horizon Global
Christi Cowdin
Director, Corporate Communications & Investor Relations
(248) 593-8810
ccowdin@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

read more