Horizon Global (HZN) Misses Q4 EPS by 74c, Slight Miss on Revenues

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Go back to Horizon Global (HZN) Misses Q4 EPS by 74c, Slight Miss on Revenues

Horizon Global Reports Financial Results for the Fourth Quarter and Full Year 2018

March 18, 2019 6:30 AM EDT

Business Update

Completed term loan amendment to allow for increased covenant flexibility Completed second lien term loan agreement to provide additional liquidity to support 2019 business plan Named Barry Steele permanent Chief Financial Officer Net sales of $850.0 million, down 4.8 percent Net sales declined 6.0 percent in constant currency(1) Operating loss of $170.4 million, or 20.0 percent of net sales, Adjusted operating profit(2) of $5.3 million, or 0.6 percent of net sales Diluted loss per share of... More