Horizon Global (HZN) Misses Q4 EPS by 5c
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Horizon Global Delivers Significant Profit Improvement in Fourth Quarter 2015; Adjusted Operating Profit Improves 440 Basis Points
March 1, 2016 7:30 AM ESTFourth Quarter 2015 Highlights
Horizon Global completed its first six months as a stand-alone independent public company At the operating segment level, adjusted operating profit(1) margin improved to 8.2 percent, an increase of 750 basis points over the same period in 2014 For the total company, adjusted operating profit(1) margin improved to 3.3 percent, an increase of 440 basis points over the same period in 2014 Year-to-date net cash provided by operations as a percentage of adjusted net income(3) was 164 percent compared to 152 percent for 2014 Adjusted earnings per... More