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Horizon Global: Q1 Earnings Insights

Shares of Horizon Global (NYSE:HZN) were flat after the company reported Q1 results. Quarterly Results Earnings per share increased 4.48% over the past year to ($0.64), which missed the estimate of ($0.30). Revenue of $163,250,000 decreased by 22.14% year over

Benzinga · 05/18/2020 11:03

Shares of Horizon Global (NYSE:HZN) were flat after the company reported Q1 results.

Quarterly Results

Earnings per share increased 4.48% over the past year to ($0.64), which missed the estimate of ($0.30).

Revenue of $163,250,000 decreased by 22.14% year over year, which missed the estimate of $179,800,000.

Outlook

Horizon Global hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: May 18, 2020

Time: 08:30 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/horizonglobal/mediaframe/37962/indexr.html

Technicals

52-week high: $5.79

52-week low: $1.20

Price action over last quarter: down 36.53%

Company Description

Horizon Global Corp designs, manufactures and distributes towing, trailering, cargo management and related products for original equipment to aftermarket, automotive, and retail markets. It holds various brands including draw tite, hayman reese, reese, aqua clear, bulldog, fulton ,harper, hidden hitch, highland, laitner, park side, pro series, reese towpower, rola, tekonsha, tow ready, trimotive americas and wesberg. The company's geographical segment includes Horizon Americas and Horizon Europe-Africa. It derives a majority of revenue from Horizon Americas segment.