Horizon Global (HZN) Posts Q4 Loss of $1.07/Sh
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Horizon Global Reports Financial Results for the Fourth Quarter and Full Year 2016, Highlighted by the Transformational Acquisition of Westfalia
March 9, 2017 6:30 AM ESTFull-Year 2016 Highlights
Completed first full calendar year as an independent public company Completed acquisition of Westfalia, addressing a geographic gap in global footprint Operating profit margin decreased to 1.0 percent, down 240 basis points Adjusted operating profit margin, excluding Westfalia(1), increased from 5.2 percent to 6.5 percent, up 130 basis points Adjusted segment operating profit margin, excluding Westfalia(1), increased from 8.4 percent to 10.0 percent, up 160 basis points Net sales increased from $576 million to $649 million, up 12.8 percent Net sales, excluding Westfalia(1), increased from $575.5 million to $594.7 million, up 3.3 percent... More