HZN - Horizon Global Corporation

NYSE - NYSE Delayed Price. Currency in USD
3.9100
+0.1300 (+3.44%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close3.7800
Open3.8100
Bid1.8200 x 1200
Ask4.0000 x 1800
Day's Range3.7700 - 3.9900
52 Week Range1.3400 - 8.5000
Volume213,975
Avg. Volume141,680
Market Cap99.005M
Beta (3Y Monthly)0.89
PE Ratio (TTM)N/A
EPS (TTM)-4.4770
Earnings DateOct 30, 2017 - Nov 3, 2017
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2.75
Trade prices are not sourced from all markets
  • Business Wire

    Horizon Global Announces Definitive Agreement to Sell Asia-Pacific Business Segment

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, announced today that the Company has entered into a definitive agreement to sell its Asia-Pacific (APAC) business segment to Pacific Equity Partners (PEP) for AUD $340 million in cash, subject to customary closing adjustments. The Company intends to use the proceeds from the sale to significantly reduce its debt and bolster its liquidity, allowing for additional financial flexibility. Upon completion of the sale and subsequent retirement of debt, Horizon Global intends to pursue a full or partial refinancing of its remaining secured debt.

  • Thomson Reuters StreetEvents

    Edited Transcript of HZN earnings conference call or presentation 8-Aug-19 12:30pm GMT

    Q2 2019 Horizon Global Corp Earnings Call

  • Horizon Global (HZN) Reports Q2 Loss, Lags Revenue Estimates
    Zacks

    Horizon Global (HZN) Reports Q2 Loss, Lags Revenue Estimates

    Horizon Global (HZN) delivered earnings and revenue surprises of -53.85% and -7.49%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Moody's

    Horizon Global Corporation -- Moody's announces completion of a periodic review of ratings of Horizon Global Corporation

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Horizon Global Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Analysts Estimate Horizon Global (HZN) to Report a Decline in Earnings: What to Look Out for
    Zacks

    Analysts Estimate Horizon Global (HZN) to Report a Decline in Earnings: What to Look Out for

    Horizon Global (HZN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Business Wire

    Horizon Global Announces Date for Second Quarter 2019 Results Conference Call

    Horizon Global (HZN) announced today that it will host a conference call regarding the Company’s second quarter 2019 results on Thursday, August 8, 2019, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global President and Chief Executive Officer Carl Bizon. The second quarter 2019 results and supplemental materials, including a presentation in PDF format, will be distributed before the market opens on August 8, 2019, and will be available on the Company’s website at www.horizonglobal.com prior to the start of the call.

  • Moody's

    Horizon Global Corporation -- Moody's downgrades Horizon's CFR to C from Caa3, outlook is stable

    Moody's Investors Service ("Moody's") downgraded Horizon Global Corporation's ("Horizon") Corporate Family Rating (CFR) to C from Caa3, its Probability of Default Rating to C-PD from Caa3-PD and the senior secured first lien term loan rating to Caa3 from Caa2. Moody's also affirmed the company's SGL-4 Speculative Grade Liquidity. The downgrade reflects Moody's expectations that modest earnings improvement will not be sufficient to reduce leverage to a sustainable level and that the sale of the Asia-Pacific segment will, while reducing secured leverage, increase total leverage and create greater reliance on a quick turnaround in the more weakly performing U.S. and European operations to diminish restructuring risk.

  • Business Wire

    Horizon Global Initiates Process to Explore Sale of Its Asia-Pacific Segment

    Horizon Global Corporation (HZN), the world’s leading manufacturer of branded towing and trailering equipment, announced today that the Company has initiated a formal process to explore the sale of its Asia-Pacific (“APAC”) business segment, with Jefferies engaged to run the process. The expected proceeds from the sale of APAC would result in a significant reduction of the Company’s debt, while allowing the management team to focus on the core Americas segment and the business improvement initiatives underway in the Europe-Africa segment. Carl Bizon, President and Chief Executive Officer of Horizon Global, commented, “Our APAC segment is an exceptional business with a great team of employees that operates as a nearly stand-alone business.

  • Business Wire

    Horizon Global Names Jamie G. Pierson as Chief Financial Officer

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced it has named Jamie G. Pierson as Chief Financial Officer, effective Monday, June 10, 2019. Pierson will have responsibility for the Company’s global finance function, including financial reporting, tax, treasury, and financial planning and analysis. Carl Bizon, President and Chief Executive Officer of Horizon Global, commented, “We are pleased to welcome Jamie as Horizon Global’s new Chief Financial Officer.

  • Thomson Reuters StreetEvents

    Edited Transcript of HZN earnings conference call or presentation 9-May-19 12:30pm GMT

    Q1 2019 Horizon Global Corp Earnings Call

  • PR Newswire

    McDonald Hopkins IP litigators obtain significant win by invalidating four patents, receive judgments of no infringement and no misappropriation

    CLEVELAND, May 10, 2019 /PRNewswire/ -- Two members of McDonald Hopkins intellectual property litigation team, Dave Cupar and Matt Cavanagh, won a significant judgment in a patent and trade secret case in favor of their client, Horizon Global Americas Inc., ending an eight-year legal battle between Horizon and a former business partner, Let's Go Aero, Inc. ("LGA") over intellectual property rights to hitch-mounted bike racks and automobile accessories. Horizon Global Americas Inc. is a subsidiary of Horizon Global Corporation (HZN), one of the world's leading manufacturers of branded towing and trailering equipment. Horizon terminated a license agreement with LGA.

  • Horizon Global (HZN) Reports Q1 Loss, Tops Revenue Estimates
    Zacks

    Horizon Global (HZN) Reports Q1 Loss, Tops Revenue Estimates

    Horizon Global (HZN) delivered earnings and revenue surprises of -31.37% and 4.96%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Associated Press

    Horizon Global: 1Q Earnings Snapshot

    On a per-share basis, the Troy, Michigan-based company said it had a loss of $1. Losses, adjusted for one-time gains and costs, came to 67 cents per share. The towing and trailering equipment maker posted ...

  • Business Wire

    Horizon Global Announces Date for First Quarter 2019 Results Conference Call

    Horizon Global (HZN) announced today that it will host a conference call regarding the Company’s first quarter 2019 results on Thursday, May 9, 2019, at 8:30 a.m. Eastern Time. The conference call will be hosted by Horizon Global President and Chief Executive Officer Carl Bizon. The first quarter 2019 results and supplemental materials, including a presentation in PDF format, will be distributed before the market opens on May 9, 2019, and will be available on the Company’s website at www.horizonglobal.com prior to the start of the call.

  • Business Wire

    Horizon Global Announces Governance Initiatives to Align with Shareholders

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that its Board of Directors has unanimously approved an amendment to its amended and restated certificate of incorporation to immediately declassify its board structure. This amendment is subject to shareholder approval at the Company’s 2019 Annual Meeting and, if approved, all directors will stand for election in 2019 and every year going forward. The Company’s Board also unanimously approved revisions to its independent director compensation program to eliminate annual cash retainers.

  • Business Wire

    Horizon Global Announces Expansion of Its Board of Directors

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced its Board of Directors has unanimously approved significant changes to its Board composition and leadership to fulfill certain obligations related to the Company’s recently completed $51 million second lien term loan. Today, the Horizon Global Board announced the appointment of six new independent directors, including Frederick “Fritz” Henderson, John Kennedy, Ryan Langdon, Brett Milgrim, Mark Weber, and Harry Wilson, effective immediately.

  • Moody's

    Horizon Global Corporation -- Moody's downgrades Horizon's CFR to Caa3 from Caa2, outlook remains negative

    Moody's Investors Service ("Moody's") downgraded Horizon Global Corporation's ("Horizon") Corporate Family Rating (CFR) to Caa3 from Caa2, its Probability of Default Rating to Caa3-PD from Caa2-PD and the senior secured first lien term loan rating to Caa2 from Caa1. The downgrade reflects that very high leverage and negative free cash flow create an unsustainable capital structure despite anticipated improvements in earnings in 2019. "Horizon's unsustainable capital structure along with continued weak liquidity are substantial obstacles to overcome as the company executes its turnaround strategy," said Inna Bodeck, Moody's lead analyst for the company.

  • Business Wire

    Horizon Global Announces NYSE Acceptance of Continued Listing Compliance Plan

    Horizon Global Corporation (HZN), one of the world’s leading manufacturers of branded towing and trailering equipment, today announced that the New York Stock Exchange (NYSE) notified the Company that it has accepted Horizon’s business plan to regain compliance with the NYSE continued listing standards. Horizon Global President and CEO Carl Bizon commented, “We are pleased that NYSE has accepted our plan to regain compliance with the NYSE’s continued listing standards.

  • Thomson Reuters StreetEvents

    Edited Transcript of HZN earnings conference call or presentation 18-Mar-19 12:30pm GMT

    Q4 2018 Horizon Global Corp Earnings Call

  • Associated Press

    Horizon Global: 4Q Earnings Snapshot

    The Troy, Michigan-based company said it had a loss of $1.86 per share. Losses, adjusted for one-time gains and costs, were $1.40 per share. The towing and trailering equipment maker posted revenue of ...