Horizon Global Reports Financial Results for First Quarter 2018; Updates Progress on Targeted Action Plan
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
Company Research
Source: Business Wire
Business Update Progress against previously announced targeted action plan, including workforce reductions and facility consolidation Net sales increased from $203.3 million to $216.8 million, up 6.6 percent Net sales relatively flat in constant currency(3) Non-cash goodwill impairment of $43.4 million in the Europe-Africa segment negatively impacted consolidated operating results Operating loss of $(53.3) million, operating margin of (24.6) percent Adjusted operating profit(1) of $(2.9) million, adjusted operating profit(1) margin of (1.4) percent First quarter diluted earnings per share of $(2.30) First quarter adjusted diluted earnings per share(2) of $(0.32) Full-year 2018 guidanc
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