OverviewSuggest Edit

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.

 

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TypePublic
Founded2015
HQTroy, US
Websitehorizonglobal.com
Employee Ratings2.3

Latest Updates

Employees (est.) (Feb 2019)4,300
Revenue (FY, 2017)$893 M(+38%)
Share Price (Feb 2019)$2.1 (+5%)

Key People/Management at Horizon Global

Carl Bizon

Carl Bizon

Interim President & CEO, Horizon Global Corporation
Jason Kieseker

Jason Kieseker

President and Managing Director, Asia-Pacific, Europe-Africa
Paul Caruso

Paul Caruso

President, Horizon Global Europe-Africa
Ruthanne Largent

Ruthanne Largent

Chief Information Officer, Horizon Global
Jason Desentz

Jason Desentz

Chief Human Resources Officer, Horizon Global
Paddy Enright

Paddy Enright

Vice President of Finance, Asia-Pacific, Europe‑Africa
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Horizon Global Office Locations

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

Horizon Global Revenue

Horizon Global's revenue was reported to be $892.98 m in FY, 2017
USD

Revenue (Q3, 2018)

227.8m

Gross profit (Q3, 2018)

43.6m

Gross profit margin (Q3, 2018), %

19.1%

Net income (Q3, 2018)

(33.0m)

EBIT (Q3, 2018)

(23.9m)

Market capitalization (11-Feb-2019)

51.7m

Closing stock price (11-Feb-2019)

2.1

Cash (30-Sep-2018)

27.3m

EV

366.7m
Horizon Global's current market capitalization is $51.7 m.
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

611.8m575.5m649.2m893.0m

Revenue growth, %

(6%)13%

Cost of goods sold

432.5m488.9m685.4m

Gross profit

143.0m160.4m207.6m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

158.5m153.3m146.1m167.8m151.7m203.3m253.6m240.1m216.8m233.3m227.8m

Cost of goods sold

120.8m115.6m108.5m122.1m109.2m157.9m185.9m181.7m178.4m185.8m184.2m

Gross profit

37.8m37.8m37.6m45.7m42.5m45.4m67.7m58.4m38.5m47.6m43.6m

Gross profit Margin, %

24%25%26%27%28%22%27%24%18%20%19%
Annual
USDFY, 2015FY, 2016FY, 2017

Net Income

8.3m(12.7m)(4.8m)

Depreciation and Amortization

17.1m18.2m25.3m

Inventories

(30.0k)10.7m

Accounts Payable

5.9m6.3m3.5m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

3.7m10.0m2.2m9.5m9.9m(10.2m)9.8m16.4m(57.8m)(124.9m)(157.9m)

Depreciation and Amortization

8.8m13.1m4.4m8.6m13.0m5.8m11.5m17.9m6.4m12.4m18.7m

Inventories

(5.4m)

Accounts Payable

2.9m(2.7m)(10.0m)2.0m12.6m(30.1m)
USDY, 2018

EV/EBIT

-15.3 x

EV/CFO

-5.6 x

EV/FCF

-4.8 x

Revenue/Employee

53.0k

Debt/Equity

-19.2 x

Debt/Assets

0.6 x

Financial Leverage

-30.1 x
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Horizon Global Operating Metrics

FY, 2015FY, 2016Aug, 2017

Countries

12 21 21

Facilities

48 64

Manufacturing Facilities

11

Patents Issued

1 k
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Horizon Global Revenue Breakdown

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Horizon Global revenue breakdown by geographic segment: 16.0% from Horizon Europe‑Africa, 15.7% from Horizon Asia‑Pacific and 68.3% from Horizon Americas

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Horizon Global Online and Social Media Presence

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Horizon Global News and Updates

Horizon Global to buy Brink Group for $200 mln

Horizon Global Corp said Dec. 14 that it has agreed to buy Brink Group from H2 Equity Partners. The purchase price is 169 million euros ($200 million). Brink Group, of the Netherlands, makes towbars, wiring kits and towing accessories. Jefferies LLC advised Horizon Global, with Ernst & Young LLP…
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Horizon Global Company Life and Culture

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Horizon Global Frequently Asked Questions

  • When was Horizon Global founded?

    Horizon Global was founded in 2015.

  • Who are Horizon Global key executives?

    Horizon Global's key executives are Carl Bizon, Jason Kieseker and Paul Caruso.

  • How many employees does Horizon Global have?

    Horizon Global has 4,300 employees.

  • What is Horizon Global revenue?

    Latest Horizon Global annual revenue is $893 m.

  • What is Horizon Global revenue per employee?

    Latest Horizon Global revenue per employee is $207.7 k.

  • Who are Horizon Global competitors?

    Competitors of Horizon Global include Unique Fabricating, China Automotive Systems and Titan International.

  • Where is Horizon Global headquarters?

    Horizon Global headquarters is located at 2600 W Big Beaver Rd, Troy.

  • Where are Horizon Global offices?

    Horizon Global has an office in Troy.

  • How many offices does Horizon Global have?

    Horizon Global has 1 office.