Horizon Global (HZN) Tops Q3 EPS by 3c

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Go back to Horizon Global (HZN) Tops Q3 EPS by 3c

Horizon Global Reports Third Quarter Results and Raises Full-Year Guidance

November 1, 2016 5:00 PM EDT

Third Quarter 2016 Highlights

Signed definitive agreement to acquire Westfalia Operating profit margin decreased to 4.4 percent, down from 5.6 percent Adjusted operating profit(1) margin improved to 7.8 percent, up from 7.6 percent Adjusted segment operating profit(1) margin improved to 11.6 percent, up from 10.1 percent Generated operating cash flow greater than two times net income; more than double prior year-to-date Leverage ratio improved to 2.7 times(2) as of September 30, 2016, down from 3.6 times(2) one year ago Raised... More