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Horizon Global Corp (HZN.N)

HZN.N on New York Stock Exchange

1.70USD
18 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Horizon Global Reports Financial Results For Q3 2018
Thursday, 8 Nov 2018 06:30am EST 

Nov 8 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL REPORTS FINANCIAL RESULTS FOR THIRD QUARTER 2018.Q3 LOSS PER SHARE $1.31.Q3 ADJUSTED LOSS PER SHARE $0.01.Q3 SALES $227.8 MILLION VERSUS I/B/E/S VIEW $237.7 MILLION.Q3 EARNINGS PER SHARE VIEW $0.19 -- THOMSON REUTERS I/B/E/S.IN QUARTER, NON-CASH GOODWILL IMPAIRMENT OF $26.6 MILLION IN EUROPE-AFRICA SEGMENT.START TO SEE FULL IMPACT OF COST STRUCTURE ACTIONS IN FINANCIAL RESULTS IN Q2 OF 2019."EXPECT NEXT TWO QUARTERS TO BE DIFFICULT".FULLY ENGAGED IN IDENTIFYING A FINANCIAL EXECUTIVE TO SERVE AS COMPANY'S PERMANENT CFO.  Full Article

Spitfire Capital Says Written To Horizon Global's Secretary
Thursday, 1 Nov 2018 06:07pm EDT 

Nov 1 (Reuters) - Spitfire Capital Llc::SPITFIRE CAPITAL LLC - "POOR PERFORMANCE" OF HORIZON GLOBAL DEMANDS "IMPROVED CORPORATE GOVERNANCE, MANAGEMENT OVERSIGHT AND CAPITAL ALLOCATION".SPITFIRE CAPITAL SAYS WRITTEN TO HORIZON GLOBAL'S SECRETARY REQUESTING A DIRECTOR QUESTIONNAIRE - SEC FILING.SPITFIRE CAPITAL - REPORTS 4.85 PERCENT STAKE IN HORIZON GLOBAL AS OF OCT 31 VERSUS 5.13 PERCENT STAKE REPORTED AS OF FEB 1.  Full Article

Horizon Global Announces Corporate Governance Changes
Friday, 2 Mar 2018 01:15pm EST 

March 2 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL - ‍BOARD APPROVED AN AMENDMENT TO AMENDED AND RESTATED CERTIFICATION OF INCORPORATION TO DECLASSIFY COMPANY'S BOARD OF DIRECTORS​.HORIZON GLOBAL CORP - BOARD RECENTLY NAMED DENISE ILITCH AS CHAIR.  Full Article

Horizon Global Says Entered Into 2018 Replacement Term Loan Agreement To Amend Credit Agreement
Thursday, 22 Feb 2018 05:16pm EST 

Feb 22 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL SAYS ON FEB 16, CO ENTERED INTO 2018 REPLACEMENT TERM LOAN AGREEMENT TO AMEND CREDIT AGREEMENT, DATED AS OF JUNE 30, 2015 - SEC FILING.HORIZON GLOBAL - AMENDMENT PROVIDES FOR REPLACEMENT LOAN FACILITY, IN ORIGINAL AGGREGATE PRINCIPAL AMOUNT OF $385 MILLION TO REPLACE PRIOR LOAN FACILITY.  Full Article

Marcato Says Horizon Global Board Should Terminate Brink Group Acquisition
Tuesday, 6 Feb 2018 10:00am EST 

Feb 6 (Reuters) - Marcato Capital Management LP::MARCATO SENDS LETTER TO HORIZON GLOBAL BOARD OF DIRECTORS.MARCATO CAPITAL MANAGEMENT SAYS BELIEVE HORIZON GLOBAL'S BOARD SHOULD FAVOR BUYING BACK STOCK OVER BRINK ACQUISITION.MARCATO - IF HORIZON GLOBAL UNABLE TO DELIVER ON 2018 TARGETS OUTLINED BY MARCATO, BOARD MUST REPLACE INCUMBENT MANAGEMENT, BEGINNING WITH CEO.MARCATO - IF HORIZON GLOBAL UNABLE TO DELIVER ON 2018 TARGETS OUTLINED BY MARCATO, BOARD MUST INITIATE STRATEGIC REVIEW FOCUSED ON SALE OF CO.MARCATO - HORIZON GLOBAL SHOULD TERMINATE PLANNED ACQUISITION OF BRINK GROUP.  Full Article

Spitfire Capital Llc Reports 5.13 Pct Stake In Horizon Global
Friday, 2 Feb 2018 09:43am EST 

Feb 2 (Reuters) - Spitfire Capital Llc Corp ::SPITFIRE CAPITAL LLC SAYS ORIGINALLY ACQUIRED THE HORIZON GLOBAL CORP SHARES OVER WHICH THEY EXERCISE BENEFICIAL OWNERSHIP FOR "INVESTMENT PURPOSES".  Full Article

Horizon Global Americas Says Co, Hopkins Manufacturing Agreed To Amicably Resolve 4 Year Old Patent Rights Dispute
Wednesday, 20 Dec 2017 04:05pm EST 

Dec 20 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL AMERICAS - CO, HOPKINS MANUFACTURING AGREED TO AMICABLY RESOLVE 4 YEAR OLD DISPUTE OVER PATENT RIGHTS TO THEIR ELECTRONIC BRAKE CONTROLLERS.HORIZON GLOBAL AMERICAS - AS PER AGREEMENT, HOPKINS WILL PAY HORIZON FOR A FULLY PAID LICENSE ON THE PATENTED BRAKE CONTROLLERS INVOLVED IN THE DISPUTE.HORIZON GLOBAL AMERICAS SAYS PARTIES WILL EXECUTE MUTUAL RELEASES WITH SPECIFIC TERMS REMAINING CONFIDENTIAL.  Full Article

Horizon Global To Acquire Brink Group From H2 Equity Partners
Thursday, 14 Dec 2017 06:30am EST 

Dec 14 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL TO ACQUIRE BRINK GROUP FROM H2 EQUITY PARTNERS.SAYS ‍TRANSACTION EXPECTED TO BE ACCRETIVE IN FIRST FULL YEAR​.SAYS DEAL FOR EUR 169 MILLION.SAYS PURCHASE PRICE WILL BE FINANCED THROUGH NEW LONG-TERM DEBT AND CASH ON HAND.  Full Article

Horizon Global Q3 adjusted earnings per share $0.38
Tuesday, 31 Oct 2017 06:30am EDT 

Oct 31 (Reuters) - Horizon Global Corp :Horizon Global reports financial results for third quarter 2017 and reaffirms full-year 2017 earnings per share guidance.Reaffirms FY 2017 earnings per share view $0.50 to $0.60.Q3 adjusted earnings per share $0.38.Q3 earnings per share $0.27.Q3 earnings per share view $0.38 -- Thomson Reuters I/B/E/S.Horizon Global Corp - qtrly ‍net sales increased from $151.7 million to $240.1 million, up 58.3%​.Horizon Global Corp - sees ‍FY 2017 revenue growth of 38 percent to 41 percent​.Q3 revenue view $228.4 million -- Thomson Reuters I/B/E/S.FY2017 earnings per share view $1.09, revenue view $873.0 million -- Thomson Reuters I/B/E/S.Horizon Global Corp - ‍for full-year 2017, company expects operating cash flow between $40.0 million and $50.0 million​.Horizon Global Corp - sees ‍FY 2017 adjusted diluted EPS between $1.04 and $1.14​.Horizon Global - ‍"as we look toward 2018, we believe momentum from our revenue and margin initiatives supports double-digit earnings per share growth"​.  Full Article

Horizon Global Q2 adjusted earnings per share $0.84
Tuesday, 1 Aug 2017 06:30am EDT 

Aug 1 (Reuters) - Horizon Global Corp :Horizon Global beats second quarter 2017 revenue and earnings per share guidance; raises full-year 2017 earnings per share guidance.Q2 adjusted earnings per share $0.84.Q2 earnings per share $0.79.Q2 earnings per share view $0.67 -- Thomson Reuters I/B/E/S.Full-Year 2017 earnings per share guidance increased.Diluted earnings per share guidance increased to between $0.54 and $0.64 for FY 2017.Sees Q3 adjusted diluted earnings per share guidance between $0.35 and $0.40.Sees diluted earnings per share guidance between $0.24 and $0.29 for Q3 2017.Sees adjusted diluted earnings per share between $0.35 and $0.40 for Q3 2017.For Q3 2017, company expects revenues between $225 million to $235 million.Full-Year 2017 revenue growth guidance unchanged.Full-Year 2017 operating cash flow guidance unchanged.FY2017 earnings per share view $0.98, revenue view $858.3 million -- Thomson Reuters I/B/E/S.Q3 earnings per share view $0.44, revenue view $221.8 million -- Thomson Reuters I/B/E/S.Qtrly net sales increased from $167.8 million to $253.6 million.Q2 revenue view $240.2 million -- Thomson Reuters I/B/E/S.  Full Article