Horizon Global (HZN) Reports Q3 Loss of $1.47/Share
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Horizon Global Reports Financial Results for Third Quarter 2019
November 12, 2019 6:40 AM ESTSells Asia-Pacific Business Segment; De-levers by Over $180 Million and Bolsters Liquidity
Net sales decreased $16.2 million, or 8.3%, to $177.9 million from prior-year comparable period, primarily attributable to lower net sales in Horizon Americas Operating loss of $12.8 million, or 7.2% of net sales; improvement of $17.1 million over prior-year comparable period, primarily due to a $26.6 million goodwill impairment charge recorded in third quarter 2018 Net loss from continuing operations of $37.5 million; down $0.4 million from prior-year comparable period Adjusted EBITDA(2) decreased... More