Horizon Global

Horizon Global is a designer, manufacturer, and distributor of a wide variety of custom-engineered towing, trailering, cargo management and other related accessory products, serving the automotive aftermarket, retail, and original equipment channels. The Company's towing product category includes devices and accessories installed on a tow-vehicle for the purpose of attaching a trailer, camper, etc. such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, towbars, security and other towing accessories. Trailering product category includes control devices and components of the trailer itself such as brake controls, jacks, winches, couplers, interior and exterior vehicle lighting and brake replacement parts. Cargo Management product category includes a wide variety of products used to facilitate the transportation of various forms of cargo, to secure that cargo or to organize items. Examples of these products are bike racks, roof cross bar systems, cargo carriers, luggage boxes, car interior protective products, rope, tie-downs, tarps, tarp straps, bungee cords, loading ramps and interior travel organizers. In addition, Horizon Global offers tubular push bars, side steps, sports bars, skid plates, oil pans and commercial brooms and brushes.

 

Company Growth (employees)
Type
Public
HQ
Troy, US
Founded
2015
Size (employees)
4,250 (est)+58%
Horizon Global was founded in 2015 and is headquartered in Troy, US

Horizon Global Office Locations

Horizon Global has an office in Troy
Troy, US (HQ)
2600 W Big Beaver Rd

Horizon Global Data and Metrics

Horizon Global Financial Metrics

Horizon Global's revenue was reported to be $203.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

203.3 m

Gross profit (Q1, 2017)

361.2 m

Gross profit margin (Q1, 2017), %

178%

Net income (Q1, 2017)

(10.2 m)

EBIT (Q1, 2017)

(660 k)

Market capitalization (17-Aug-2017)

436.6 m

Cash (31-Mar-2017)

30.2 m
Horizon Global's current market capitalization is $436.6 m.
USDFY, 2015FY, 2016

Revenue

575.5 m649.2 m

Revenue growth, %

13%

Cost of goods sold

(432.5 m)(488.9 m)

Gross profit

1 b1.1 b

Gross profit Margin, %

175%175%

General and administrative expense

(121.4 m)(145.2 m)

Operating expense total

(121.4 m)(145.2 m)

EBIT

19.6 m6.3 m

EBIT margin, %

3%1%

Interest expense

(8.8 m)(20.1 m)

Pre tax profit

7 m

Income tax expense

1.3 m3.7 m

Net Income

8.3 m(12.7 m)
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

158.5 m153.3 m146.1 m167.8 m151.7 m203.3 m

Cost of goods sold

(120.8 m)(115.6 m)(108.5 m)(122.1 m)(109.2 m)(157.9 m)

Gross profit

279.3 m268.9 m254.6 m289.8 m260.9 m361.2 m

Gross profit Margin, %

176%175%174%173%172%178%

General and administrative expense

(30.6 m)(29.1 m)(29.7 m)(32 m)(35.9 m)(46.1 m)

Operating expense total

(30.6 m)(29.1 m)(29.7 m)(32 m)(35.9 m)(46.1 m)

EBIT

5.4 m8.6 m7.8 m11.1 m6.6 m(660 k)

EBIT margin, %

3%6%5%7%4%(0%)

Interest expense

(120 k)(4.4 m)(4.3 m)(4.2 m)(4.1 m)(5.9 m)

Pre tax profit

4.5 m3.2 m2.9 m6.3 m

Income tax expense

(2.3 m)3.2 m(740 k)

Net Income

3.7 m10 m2.2 m9.5 m9.9 m(10.2 m)
USDFY, 2016

Accounts Payable

6.8 m
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

18.7 m31 m41.4 m30.2 m

Inventories

115.6 m107.6 m100.8 m155.9 m

Current Assets

227.8 m234.1 m223.3 m304.4 m

PP&E

47.5 m46.4 m47.6 m99.8 m

Goodwill

4.9 m5.4 m5.4 m126 m

Total Assets

347.8 m352.8 m339.9 m637.3 m

Accounts Payable

67.6 m79.8 m72.3 m107.2 m

Current Liabilities

116.1 m133.2 m126.9 m179.3 m

Additional Paid-in Capital

1.9 m2.9 m3.9 m156.4 m

Retained Earnings

280 k7.6 m7.9 m(24.2 m)

Total Equity

6.8 m13.8 m16 m132.3 m

Financial Leverage

51.5 x25.6 x21.2 x4.8 x
USDFY, 2015FY, 2016

Net Income

8.3 m(12.7 m)

Depreciation and Amortization

17.1 m18.2 m

Accounts Receivable

(13.2 m)

Inventories

(30 k)10.7 m

Accounts Payable

5.9 m6.3 m

Cash From Operating Activities

26.9 m

Capital Expenditures

(8.3 m)(14.5 m)

Cash From Investing Activities

(6.8 m)(108.4 m)

Cash From Financing Activities

(910 k)100.5 m

Interest Paid

7.9 m17.3 m

Free Cash Flow

18.6 m
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

3.7 m10 m2.2 m9.5 m9.9 m(10.2 m)

Depreciation and Amortization

8.8 m13.1 m4.4 m8.6 m13 m5.8 m

Accounts Payable

2.9 m(2.7 m)(10 m)

Cash From Operating Activities

(6.9 m)12.8 m(23.6 m)27.5 m(40.1 m)

Capital Expenditures

(4.1 m)(6.4 m)(3.4 m)(6.7 m)(10.1 m)(7.5 m)

Cash From Investing Activities

(2.7 m)(4.6 m)(3.3 m)(6.4 m)(9.9 m)(7.4 m)

Cash From Financing Activities

21.5 m15.5 m21.9 m6.6 m200 k26.8 m

Interest Paid

220 k3.8 m3.7 m7.5 m11.2 m4.3 m

Free Cash Flow

(11 m)6.4 m(27 m)17.4 m(47.6 m)
USDY, 2017

Revenue/Employee

75.3 k

Financial Leverage

4.8 x

Horizon Global Market Value History

Traffic Overview of Horizon Global

Horizon Global Online and Social Media Presence

Horizon Global Company Life and Culture

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