Horizon Global (HZN) Tops Q2 EPS by 25c
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Horizon Global Delivers Profit Improvement for Fourth Consecutive Quarter
August 8, 2016 5:48 PM EDTSecond Quarter 2016 Highlights
Operating profit more than doubled from $5.4 million to $11.1 million Operating profit margin increased to 6.6 percent, up 320 basis points Adjusted operating profit(1) margin improved to 10.3 percent, up 380 basis points Adjusted segment operating profit(1) margin improved to 13.0 percent, up 400 basis points Net sales increased from $158.5 million to $167.8 million, up 5.8 percent Net sales increased 7.1 percent on a constant currency basis(2) Diluted earnings per share more than tripled from $0.12 to $0.40... More