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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 Q1 Earning Release
Horizon Global welcomed six new independent directors to its Board in April 2019. At the first meeting of the Board of Directors, the Board took action to accelerate its already planned declassification, so all directors would stand for election annually, and also voted to change its general director compensation to all equity, both moves intended to better align with the interests of Horizon Global shareholders.
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Latest News

11/12/2019
Horizon Global Board of Directors Appoints Matthew Pollick as Chief Operating Officer
Dateline City:
TROY, Mich.

TROY, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, announced today that the Company's Board of Directors appointed Matthew Pollick as Chief Operating Officer.

Language:
English
Contact:

Jeff Tryka, CFA
Investor Relations
(616) 295-2509
jtryka@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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11/12/2019
Horizon Global Reports Financial Results for Third Quarter 2019
Dateline City:
TROY, Mich.

Sells Asia-Pacific Business Segment; De-levers by Over $180 Million and Bolsters Liquidity

  • Net sales decreased $16.2 million, or 8.3%, to $177.9 million from prior-year comparable period, primarily attributable to lower net sales in Horizon Americas
  • Operating loss of $12.8 million, or 7.2% of net sales; improvement of $17.1 million over prior-year comparable period, primarily due to a $26.6 million goodwill impairment charge recorded in third quarter 2018
  • Net loss from continuing operations of $37.5 million; down $0.4 million from prior-year comparable period
  • Adjusted EBITDA(2) decreased $12.9 million to $(3.1) million from prior-year comparable period due to lower net sales and reduced gross margin in Horizon Americas

TROY, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today reported financial results for the third quarter of 2019.

Language:
English
Contact:

Jeff Tryka, CFA
Investor Relations, Lambert & Co.
(616) 295-2509
jtryka@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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10/29/2019
Horizon Global Announces Date for Third Quarter 2019 Results Conference Call
Dateline City:
TROY, Mich.

TROY, Mich.--(BUSINESS WIRE)--Horizon Global (NYSE: HZN) announced today that it will host a conference call regarding the Company’s third quarter 2019 results on Tuesday, November 12, 2019, 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 Jamie Pierson. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (866) 652-5200 and from outside the U.S. at (412) 317-6060.

Language:
English
Contact:

CONTACT:
Jeff Tryka, CFA
Investor Relations, Lambert & Co.
(616) 295-2509
jtryka@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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09/23/2019
Horizon Global Board of Directors Appoints Terrence G. Gohl as Chief Executive Officer
Dateline City:
TROY, Mich.

Gohl also appointed to the Company’s Board of Directors

TROY, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), the world’s leading manufacturer of branded towing and trailering equipment, announced today that the Company’s Board of Directors appointed Terrence G. Gohl as Chief Executive Officer. Gohl has also been appointed to Horizon Global’s Board, effective immediately. These appointments follow the Board’s acceptance of Carl Bizon’s resignation from his executive positions and as a director.

Language:
English
Contact:

Jeff Tryka, CFA
Investor Relations
(616) 295-2509
jtryka@horizonglobal.com

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

read more