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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

03/16/2020
Horizon Global Reports Financial Results for the Fourth Quarter and Full Year 2019
Dateline City:
PLYMOUTH, Mich.

Company successfully refinances ABL and names Dennis E. Richardville as Chief Financial Officer

Fourth Quarter Highlights

  • Successful amendment of our ABL to stabilize liquidity and support future operating flexibility
  • Net sales of $142.3 million; increase of $4.5 million, or 3.3%, over prior-year comparable period
  • Operating loss of $33.7 million, or (23.7)% of net sales; improvement of $0.6 million over prior-year comparable period
  • Net loss from continuing operations of $32.0 million; improvement of $18.1 million over prior-year comparable period
  • Adjusted EBITDA(2) of $(16.5) million; down $1.2 million from prior-year comparable period

Full Year Highlights

  • Completed sale of Horizon Asia-Pacific business segment ("APAC"); significantly improved leverage and provided additional liquidity and operating flexibility
  • Completed refinancing of debt structure to support business realignment and allow for increased covenant flexibility
  • Net sales of $690.5 million; decrease of $23.5 million, or 3.3%, from prior year
  • Operating loss of $57.2 million, or (8.3)% of net sales; improvement of $133.4 million over prior year
  • Net loss from continuing operations of $110.0 million; improvement of $109.4 million over prior year
  • Adjusted EBITDA(2) of $(8.3) million; down $16.0 million from prior year

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 2019, closing a year of strategic business realignment and management refocus to drive its operational improvement initiatives.

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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03/09/2020
Horizon Global Announces New Date for Fourth Quarter and Full-year 2019 Results Conference Call
Dateline City:
PLYMOUTH, Mich.

PLYMOUTH, Mich.--(BUSINESS WIRE)--Horizon Global (NYSE: HZN) announced today that it will host a conference call regarding the Company’s fourth quarter and full-year 2019 results on Monday, March 16, 2020 at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global President and Chief Executive Officer Terry Gohl. 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 10139596.

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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03/04/2020
Horizon Global Board of Directors Appoints Debra S. Oler as Director
Dateline City:
PLYMOUTH, Mich.

PLYMOUTH, 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 increased the size of the Board from eight to nine directors, and appointed Debra S. Oler as a Director, effective immediately. Ms. Oler was also appointed to the Board’s Compensation Committee and Corporate Governance and Nominating Committee.

Language:
English
Contact:

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

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

read more



03/04/2020
Horizon Global Announces Date for Fourth Quarter and Full-Year 2019 Results Conference Call
Dateline City:
PLYMOUTH, Mich.

PLYMOUTH, Mich.--(BUSINESS WIRE)--Horizon Global (NYSE: HZN) announced today that it will host a conference call regarding the Company’s fourth quarter and full-year 2019 results on Thursday, March 12, 2020, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global President and Chief Executive Officer Terry Gohl. 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 10139596.

Language:
English
Contact:

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

Ticker Slug:
Ticker:
HZN
Exchange:
NYSE

read more