Horizon Global Corporation

NYSE:HZN Stock Report

Market Cap: US$48.8m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Horizon Global Past Earnings Performance

Past criteria checks 0/6

Key information

15.24%

Earnings growth rate

16.79%

EPS growth rate

Auto Components Industry Growth10.46%
Revenue growth rate-3.27%
Return on equityn/a
Net Margin-13.34%
Last Earnings Update30 Sep 2022

Recent past performance updates

Recent updates

Seeking Alpha • Jan 03

Horizon Global to be acquired by First Brands Group

Horizon Global (NYSE:HZN) has entered into a definitive merger pact with First Brands Group, LLC, pursuant to which First Brands will acquire Horizon Global. Per the terms of the deal include an all-cash tender offer, which upon successful closing will entitle each stockholder of Horizon Global’s common stock to receive cash consideration of $1.75/share. The deal will result in a collection of market leading brands within the automotive industry, serving both OEM and the aftermarket channels under one group. The combined group will have improved access to capital to ensure the continued growth and product development that has been a long-term strategic priority for Horizon Global, enabling the group to focus on serving its broad customer base without interruption. The deal represents a 31% premium to the trading price prior to the strategic alternative announcement in August 2022, and a 237% premium over the 30 day volume weighted trading price in Horizon Global’s common stock. It expects the deal to be completed in the first quarter of 2023.
Seeking Alpha • Nov 09

Horizon Global GAAP EPS of -$0.92, revenue of $148.97M

Horizon Global press release (NYSE:HZN): Q3 GAAP EPS of -$0.92. Revenue of $148.97M (-24.2% Y/Y).
Seeking Alpha • Aug 08

Horizon Global announces review of strategic alternatives

Horizon Global (NYSE:HZN) said Monday its board authorized a review of strategic alternatives, which may involve a sale of a portion or the entirety of the company. HZN said there can be no assurance that the review process will result in any deal or other alternative. "We received inbound interest in the company and, given this level of interest, the board made the decision to review strategic alternatives," said HZN board chair John Kennedy. There is no set timetable for the strategic review.
Seeking Alpha • Jun 29

Horizon Global appoints CFO

The board of branded towing and trailering equipment company, Horizon Global (NYSE:HZN), appointed Jian James Zhou CFO, effective immediately. Zhou, replacing Dennis Richardville, most recently served as executive vice president and CFO for Joyson Safety Systems. Source: Press Release

Revenue & Expenses Breakdown

How Horizon Global makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:HZN Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 22675-901170
30 Jun 22723-671250
31 Mar 22764-441290
31 Dec 21782-321300
30 Sep 21794-211340
30 Jun 21799-171340
31 Mar 21697-351230
31 Dec 20661-361200
30 Sep 20628-621180
30 Jun 20604-1011180
31 Mar 20676-961230
31 Dec 19690-1091310
30 Sep 19686-1291050
30 Jun 19702-1281050
31 Mar 19675-1901280
31 Dec 18714-2181320
30 Sep 18772-1881630
30 Jun 18818-1441750
31 Mar 18907-511600
31 Dec 17893-41600
30 Sep 17881-51610
30 Jun 17792-111460
31 Mar 17706-241410
31 Dec 16649-121360
30 Sep 1658781150
30 Jun 16588141130
31 Mar 1657991070

Quality Earnings: HZN is currently unprofitable.

Growing Profit Margin: HZN is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: HZN is unprofitable, but has reduced losses over the past 5 years at a rate of 15.2% per year.

Accelerating Growth: Unable to compare HZN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HZN is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (6.8%).

Return on Equity

High ROE: HZN's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2023/02/09 06:16
End of Day Share Price 2023/02/07 00:00
Earnings2022/09/30
Annual Earnings2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Horizon Global Corporation is covered by 6 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gerrick JohnsonBMO Capital Markets Equity Research
Michael NicholsB. Riley Securities, Inc.
Daniel MooreCJS Securities, Inc.