Horizon Global (HZN) Misses Q4 EPS by 5c

Horizon Global (NYSE: HZN) reported Q4 EPS of $0.00, $0.05 worse than the analyst estimate of $0.05. Revenue for the quarter came in at $121.3 million versus the consensus estimate of $121.88 million.

Guidance issued for the year ended December 31, 2016:

• Net sales growth of 3 to 5 percent on a constant currency basis
• Adjusted segment operating profit increasing more than 100 basis points
• Net cash conversion greater than 100 percent of net income (operating cash flow as a percent of net income)

For earnings history and earnings-related data on Horizon Global (HZN) click here.

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