Horizon Global (HZN) Misses Q3 EPS by 20c, Revenues Miss
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Horizon Global Reports Financial Results for Third Quarter 2018
November 8, 2018 6:30 AM ESTUpdates Progress on Action Plan and Announces Additional Europe-Africa Initiatives
Business Update
Completed the Americas Action Plan Net sales of $227.8 million, down 5.1 percent Net sales declined 3.6 percent in constant currency(3) Non-cash goodwill impairment of $26.6 million in Europe-Africa segment Operating loss of $23.9 million, or 10.5 percent of sales Adjusted operating profit(1) of $10.3 million, or 4.5 percent of sales Third quarter diluted loss per share of $1.31 Third quarter adjusted diluted loss per share(2) of $0.01... More