Horizon Global (HZN) Reports Q1 Loss of $0.55/sh
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Horizon Global Reports Financial Results for First Quarter 2021
May 6, 2021 6:30 AM EDTFirst Quarter Highlights
Net sales of $199.2 million; increase of $35.9 million, or 22.0%, compared to prior year comparable period Gross profit of $40.6 million; increase of $14.3 million over prior year comparable period. Gross profit margin(4) of 20.4% compared to 16.1% gross profit margin(4) during prior year comparable period Operating profit of $6.8 million; $13.5 million improvement compared to prior year comparable period Net loss from continuing operations of $15.2 million; $1.3 million improvement compared to prior year comparable period, inclusive of one-time $11.7 million loss on debt extinguishment related to February term loan refinancing Adjusted EBITDA(1) of $12.7 million; $9.8Â million... More