Horizon Global (HZN) Tops Q2 EPS by 17c; Raises FY Outlook
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Horizon Global Beats Second Quarter 2017 Revenue and Earnings Per Share Guidance; Raises Full-Year 2017 Earnings Per Share Guidance
August 1, 2017 6:30 AM EDTBusiness Update
Second quarter diluted earnings per share of $0.79 Second quarter adjusted diluted earnings per share(1) of $0.84 Net sales increased from $167.8 million to $253.6 million, up 51.1% Operating profit margin increased to 9.6%, up 300 basis points Adjusted operating profit margin(2) of 10.3%, flat from prior year quarter Westfalia integration and synergies on track Repurchased 570,365 shares of common stock Third quarter 2017 earnings per share guidance Diluted earnings per share guidance between $0.24 and $0.29 Adjusted diluted earnings per share(3) between $0.35 and $0.40... More