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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 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: BULLDOG, Draw-Tite, Fulton, Reese, Tekonsha, and Westfalia. Horizon Global has approximately 3,530 employees in 25 facilities across 17 countries.

Spotlight News

Horizon Global 2019 Q3 Earning Release
“I am encouraged by the strength of our brands, the ongoing support of our customers, and the opportunity to return this proud company to the leadership position it deserves,” commented Terry Gohl, newly appointed President and Chief Executive Officer of Horizon Global.
View Press Release

Latest News

07/31/2020
Horizon Global Announces Date for Second Quarter 2020 Results Conference Call
Dateline City:
PLYMOUTH, Mich.

PLYMOUTH, Mich. - Horizon Global (NYSE: HZN) announced today that it will host a conference call regarding the Company’s second quarter 2020 results on Friday, August 7, 2020 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 (866) 652-5200 and from outside the U.S. at (412) 317-6060. Please use the conference identification number 10146653.

Language:
English

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05/18/2020
Horizon Global Reports Financial Results for First Quarter 2020
Dateline City:
PLYMOUTH, Mich.

First Quarter Highlights

  • Successfully amended ABL facility to stabilize liquidity and support future operating flexibility
  • Net sales decreased $14.4 million, or 8.1%, to $163.3 million from prior year comparable period, primarily attributable to lower sales volumes due to the COVID-19 pandemic
  • Operating loss of $6.7 million, or 4.1% of net sales; improvement of $6.7 million over prior year comparable period
  • Net loss from continuing operations of $16.5 million; improvement of $12.9 million from prior year comparable period
  • Adjusted EBITDA(2) increased $4.0 million to $2.9 million from prior year comparable period due to improved gross profit and lower SG&A costs

 

PLYMOUTH, 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 first quarter of 2020.

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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05/08/2020
Horizon Global to Reschedule First Quarter Fiscal Year 2020 Financial Results and Conference Call Date
Dateline City:
PLYMOUTH, Mich.

PLYMOUTH, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced it is rescheduling the first quarter fiscal year 2020 earnings release to allow the Company additional time to complete the review of its Form 10-Q for the first quarter ended March 31, 2020. The conference call and live webcast were previously scheduled for Monday, May 11, 2020 at 8:30 a.m. ET.

Language:
English
Contact:

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

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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05/07/2020
Horizon Global Addresses NYSE Continued Listing Standards
Dateline City:
PLYMOUTH, Mich.

PLYMOUTH, Mich.--(BUSINESS WIRE)--Horizon Global Corporation (NYSE: HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that on May 1, 2020, it received a letter from the New York Stock Exchange (NYSE) informing the Company of its non-compliance with NYSE continued listing standards because the Company’s average market capitalization over a recent consecutive 30 trading-day period has been less than $50,000,000 and, at the same time, stockholders' equity was less than $50,000,000.

Language:
English
Contact:

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

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

read more