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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Type
Public
HQ
Troy, US
Founded
2015
Size (employees)
4,250 (est)
Horizon Global was founded in 2015 and is headquartered in Troy, US
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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 Financials

Horizon Global's revenue was reported to be $649.20 m in FY, 2016 which is a 12.8% increase from the previous period.
USD

Revenue (Q2, 2017)

253.6 m

Gross profit (Q2, 2017)

67.7 m

Gross profit margin (Q2, 2017), %

26.7%

Net income (Q2, 2017)

20 m

EBIT (Q2, 2017)

24.2 m

Market capitalization (18-Apr-2018)

208.2 m

Cash (30-Jun-2017)

39.6 m

EV

437.8 m
Horizon Global's current market capitalization is $208.2 m.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

611.8 m575.5 m649.2 m

Revenue growth, %

(6%)13%

Cost of goods sold

432.5 m488.9 m

Gross profit

143 m160.4 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

158.5 m153.3 m146.1 m167.8 m151.7 m203.3 m253.6 m

Cost of goods sold

120.8 m115.6 m108.5 m122.1 m109.2 m157.9 m185.9 m

Gross profit

37.8 m37.8 m37.6 m45.7 m42.5 m45.4 m67.7 m

Gross profit Margin, %

24%25%26%27%28%22%27%
Annual
USDFY, 2016

Accounts Payable

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

Cash

18.7 m31 m41.4 m30.2 m39.6 m

Inventories

115.6 m107.6 m100.8 m155.9 m156.6 m

Current Assets

227.8 m234.1 m223.3 m304.4 m331.5 m

PP&E

47.5 m46.4 m47.6 m99.8 m104.6 m
Annual
USDFY, 2015FY, 2016

Net Income

8.3 m(12.7 m)

Depreciation and Amortization

17.1 m18.2 m

Inventories

(30 k)10.7 m

Accounts Payable

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

Net Income

3.7 m10 m2.2 m9.5 m9.9 m(10.2 m)9.8 m

Depreciation and Amortization

8.8 m13.1 m4.4 m8.6 m13 m5.8 m11.5 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)(14.6 m)
USDY, 2017

EV/EBIT

18.1 x

EV/CFO

-30 x

EV/FCF

-15.7 x

Revenue/Employee

59.7 k

Financial Leverage

4.5 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 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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