Login

Horizon Global Corp

horizonglobal.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q3 FY2022 10-Q, filed Nov 9, 2022. Its latest SEC filing is a 15-12G from Feb 21, 2023.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Designs, manufactures and distributes towing, trailering and cargo-management accessories for automakers, aftermarket distributors and installers, and retailers.

How Did They Make Money?

Customers buy towing, trailering, cargo-management and related accessories; for most sales, they are billed when products ship, with payment terms varying by customer type, location and product.

FY2021 revenue

Who Were Their Customers?

Automakers and dealerships buy towing products; distributors and installers, retail and online merchants, and industrial manufacturers and dealers buy through the aftermarket, retail, e-commerce and industrial channels.

Did Revenues Turn Into Profits?

No. It lost $31.7M in FY2021.

Operating income, FY2021
1% of revenue
▲ Now profitable vs FY2020 (−$6.9M, −1%)
Net income, FY2021
−4% of revenue
▼ −13% (Loss) vs FY2020 (−$36.6M, −6%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q3 FY2022, the three months to Sep 30, 2022
Revenue
▼ −24%
vs $196.5M in Q3 FY2021
Net income
▲ +931% (Loss)
vs −$2.5M in Q3 FY2021
  • Feb 8, 2023 First Brands completed its acquisition of Horizon Global Horizon Global survived the merger as a wholly owned subsidiary of First Brands.
  • Jan 3, 2023 Horizon Global agreed to be acquired by First Brands The agreement provided for a cash tender offer for the company’s shares.
  • Nov 21, 2022 CEO Terrence Gohl resigned; John Kennedy became interim CEO and chair
  • Jul 29, 2022 NYSE notified Horizon Global that it failed continued listing standards The company planned to submit a plan to address the deficiency.

Shrank. Revenue fell 12% in 4 years, from $893M in FY2017 to $782.1M in FY2021, about 3% a year.

Who Did They Compete With?

Competes with LCI Industries, B&W Trailer Hitches, Husky Towing Products, Winston Products, ACPS Automotive, ALKO Group, Buyers Products, Demco Products, PullRite, Westin Automotive Products, Camco, Pacific Rim, Dutton-Lainson, SAF-Holland, Jost International, Sea-Sense, Thule, Yakima, Masterlock, and Saris

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support