Horizon Global (HZN) Misses Q4 EPS by 80c
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Horizon Global Reports Financial Results for the Fourth Quarter and Full Year 2019
March 16, 2020 6:30 AM EDTCompany successfully refinances ABL and names Dennis E. Richardville as Chief Financial Officer
Fourth Quarter Highlights
Successful amendment of our ABL to stabilize liquidity and support future operating flexibility Net sales of $142.3 million; increase of $4.5 million, or 3.3%, over prior-year comparable period Operating loss of $33.7 million, or (23.7)% of net sales; improvement of $0.6 million over prior-year comparable period Net loss from continuing operations of $32.0 million; improvement of $18.1 million over prior-year comparable period Adjusted EBITDA(2) of $(16.5) million; down $1.2 million from prior-year comparable periodFull Year... More
