Horizon Global (HZN) Reports Q2 Loss of $0.80
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Horizon Global Reports Financial Results for Second Quarter 2022
August 9, 2022 6:30 AM EDTSecond Quarter Summary
Net sales of $181.2 million $40.9 million decrease from second quarter of 2021 Gross profit of $20.7 million $26.6 million decrease from second quarter of 2021 Gross profit margin(4) decreased to 11.4% from 21.3% in second quarter of 2021 Net loss of $22.4 million $23.4 million deterioration from second quarter of 2021 Adjusted EBITDA(1) of $(3.9) million $21.9 million decrease from second quarter of 2021 Issued $41.0 million of Series B Preferred Stock in exchange for $40.0 million of Convertible Senior Notes ("Convertible... More