Horizon Global Remains in Turnaround Mode [The Motley Fool]
Horizon Global Corporation Common Shares (HZN)
Last horizon global corporation common shares earnings: 3/16 06:30 am
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US:NYSE Investor Relations:
investors.horizonglobal.com
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Source: The Motley Fool
All of the company's key figures are trending in the wrong direction, but management remains steadfast in its belief that the planned turnaround is taking hold. Horizon Global ( NYSE:HZN ) reported its second-quarter results on Aug. 7th. Investors had already been provided with a sneak peek at the towing and trailering company's results in mid-July after management announced that it was expanding its ability to borrow by $50 million. The company's second-quarter results were largely in line with those updated projections, and management reaffirmed that its turnaround remains on track. However, the year-over-year numbers did not look pretty. Image source: Getty Images. Horizon Global Q2: The raw results Metric Q2 2018 Q2 2017 Change (YOY) Revenue $233 million $254 million (8.3%) Adjusted operating profit $13.8 million $26.1 million (47%) Adjusted net income $8.1 million $21.7 million (63%) Adjusted earnings per
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