Edition:
United Kingdom

Horizon Global Corp (HZN.N)

HZN.N on New York Stock Exchange

7.27USD
15 Oct 2018
Change (% chg)

-- (--)
Prev Close
$7.27
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
102,189
52-wk High
$17.76
52-wk Low
$5.15

Latest Key Developments (Source: Significant Developments)

Horizon Global Corp Says On July 31, Co Entered Into The Fourth Amendment To Credit Agreement
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL CORP SAYS ON JULY 31, CO ENTERED INTO THE FOURTH AMENDMENT TO CREDIT AGREEMENT - SEC FILING.HORIZON GLOBAL - AMENDMENT AMENDED AGREEMENT TO, AMONG OTHERS, PROVIDE FOR INCREMENTAL TERM LOAN COMMITMENTS IN AGGREGATE PRINCIPAL AMOUNT OF $50 MILLION.  Full Article

Horizon Global Seeks To Amend Credit Agreement
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL SEEKS TO AMEND CREDIT AGREEMENT AND REPORTS PRELIMINARY SECOND QUARTER 2018 FINANCIAL RESULTS.SEES Q2 REVENUE $232 MILLION TO $234 MILLION.HORIZON GLOBAL SEEKS TO AMEND CREDIT AGREEMENT AND REPORTS PRELIMINARY SECOND QUARTER 2018 FINANCIAL RESULTS.SEEKING TO AMEND ITS TERM LOAN CREDIT AGREEMENT WHICH GOVERNS ITS CURRENT $146 MILLION SENIOR TERM LOAN FACILITY.SEEKING TO AMEND CREDIT AGREEMENT TO ALLOW FOR UP TO $50 MILLION IN INCREMENTAL BORROWINGS, PROVIDE ADDITIONAL FLEXIBILITY.  Full Article

Horizon Global Sees FY 2017 Revenue Up 37.2 To 37.6 Pct
Thursday, 25 Jan 2018 

Jan 25 (Reuters) - Horizon Global Corp ::HORIZON GLOBAL ANNOUNCES REVISED EXPECTATIONS FOR 2017 RESULTS.SEES FY 2017 REVENUE UP 37.2 TO 37.6 PERCENT.SEES 2017 DILUTED LOSS PER SHARE IN RANGE OF $0.02 TO $0.08.SEES ‍2017 OPERATING PROFIT OF $34.0 MILLION TO $36.0 MILLION, REVISED FROM PRIOR GUIDANCE OF $38.2 MILLION TO $44.2 MILLION​.SEES 2017 ADJUSTED DILUTED EARNINGS PER SHARE IN RANGE OF $0.88 TO $0.96.2017 ‍REVISED EXPECTATIONS RESULTED FROM A NUMBER OF FACTORS IN COMPANY'S BUSINESS​.‍HORIZON AMERICAS' REVENUE FELL BELOW EXPECTATIONS FOR FY DUE TO SALES SHORTFALL, DELIVERY DELAYS DURING Q4​.HORIZON GLOBAL - ‍HORIZON EUROPE-AFRICA'S 2017 OPERATING PROFIT FELL BELOW EXPECTATIONS DUE TO UNFAVORABLE SALES MIX, INCREASED MATERIAL COSTS​.HORIZON GLOBAL- 2017 DILUTED EPS WERE REDUCED BY ESTIMATE OF EFFECTS ON EXISTING DEFERRED TAX BALANCES, ONE-TIME TRANSITION TAX UNDER TAX REFORM.FY2017 EARNINGS PER SHARE VIEW $1.08, REVENUE VIEW $904.7 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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

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 

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 

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

BRIEF-Horizon Global Board Reduced Size Of Board From 9 To 8 Members

* HORIZON GLOBAL CORP-IN CONNECTION WITH MARK ZEFFIRO'S RESIGNATION AS DIRECTOR OF CO, BOARD REDUCED SIZE OF BOARD FROM 9 TO 8 MEMBERS - SEC FILING Source text: (https://bit.ly/2IzjbiJ) Further company coverage: