Horizon Global (HZN) Misses Q3 EPS by 2c, Offers Guidance
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Horizon Global Corporation Reports 56 Percent Improvement in Adjusted EPS; Adjusted Operating Profit Improvement of 210 Basis Points in Third Quarter 2015
November 10, 2015 5:00 PM ESTKey Highlights
Horizon Global completed its first quarter as a stand-alone independent public company Adjusted operating profit margin improved to 7.6 percent, an increase of 210 basis points over the same period in 2014, excluding Special Items(1) Net sales increased 2.6 percent over third quarter of 2014 on constant currency basis(2) Earnings per share were $0.35 per diluted share, an increase of 21 percent versus 2014. Excluding Special Items(3), earnings per share would have been $0.50 per diluted share, an increase of 56 percent over third quarter of 2014... More