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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

08/16/2019
Horizon Global Announces Definitive Agreement to Sell Asia-Pacific Business Segment
Dateline City:
TROY, Mich.

Proceeds to be Used to Significantly Reduce Debt

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 has entered into a definitive agreement to sell its Asia-Pacific (APAC) business segment to Pacific Equity Partners (PEP) for AUD $340 million in cash, subject to customary closing adjustments. The Company intends to use the proceeds from the sale to significantly reduce its debt and bolster its liquidity, allowing for additional financial flexibility.

Language:
English
Contact:

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

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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08/08/2019
Horizon Global Reports Financial Results for Second Quarter 2019
Dateline City:
TROY, Mich.

Business Update

  • Net sales decreased $10.2 million, or 4.4%, to $223.2 million from prior year comparable period
    • Decrease mainly attributable to unfavorable foreign currency translation
    • On a constant currency(1) basis, net sales decreased 1.3%
  • Operating profit of $7.1 million, or 3.2% of net sales; an improvement of $71.2 million over prior year comparable period, primarily due to a $55.7 million goodwill impairment charge recorded in second quarter 2018
    • Adjusted operating profit(2) of $10.1 million, or 4.5% of net sales; a decrease of $3.7 million from prior year comparable period

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 second quarter of 2019.

Language:
English
Contact:

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

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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07/25/2019
Horizon Global Announces Date for Second 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 second quarter 2019 results on Thursday, August 8, 2019, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global President and Chief Executive Officer Carl Bizon. Participants on the call are asked to register five to ten minutes prior to the scheduled start time by dialing (877) 270-2148 and from outside the U.S. at (412) 902-6510. Please use the conference identification number 10133962.

Language:
English
Contact:

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

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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06/07/2019
Horizon Global Initiates Process to Explore Sale of Its Asia-Pacific Segment
Dateline City:
TROY, Mich.

Company Considering Various Alternatives to Reduce Debt

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 has initiated a formal process to explore the sale of its Asia-Pacific (“APAC”) business segment, with Jefferies engaged to run the process.

Language:
English
Contact:

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

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

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