Financial
Horizon Global Reports Q4, Full-Year 2019 Results
The company reported sales of $142.3 million, an increase of $4.5 million.
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The company reported sales of $142.3 million, an increase of $4.5 million.
The company has initiated a corresponding filing in the United States under Chapter 15.
The company intends to fund the stock repurchase program through its revolving credit facility.
Operating profit increased 2.0% to $407.9 million.
Net sales for the 4th quarter of 2019 were $310 million, compared to net sales of $379 million in the prior year period.
Net sales for the fourth quarter of 2019 were $830 million compared to $799 million in the fourth quarter of 2018.
Net sales were $2.75 billion compared to $2.81 billion the prior year.
Company also issues Fiscal 2020 guidance.
Net Income for the quarter was $107 million compared to $147 million for the same period in 2018.
Company reports annual revenue growth of 5.3% to $12.5 billion; fourth quarter growth of 0.2%.
