Horizon Global (HZN) Reports Q4 Loss of $0.21, Revenues Miss
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/27/2026
Go back to Horizon Global (HZN) Reports Q4 Loss of $0.21, Revenues Miss
March 11, 2021 6:30 AM EST
Fourth Quarter and Recent Highlights
Net sales of $175.9 million; increase of $33.6 million, or 23.6%, compared to prior year comparable period
Operating loss of $0.8 million, $32.9 million improvement compared to prior year comparable period
Net loss from continuing operations of $5.8 million; $26.2 million improvement compared to prior year comparable period
Adjusted EBITDA(1) of $7.3 million; $23.8 million improvement compared to prior year comparable period
Entered into $225.0 million term loan, including $125.0 million delayed draw facility; proceeds repaid existing term loan and will repay outstanding convertible notes; reduced interest rate with flexible financial covenants in support of Company's long-term...
More
