Horizon Global's Suppliers recorded an increase in sales by 14.42 % year on year in Q3 2022, sequentially sales grew by 2.24 %, Horizon Global's cost of sales deteriorated by -16.14 % year on year, relative to one quarter ago cost of sales fell by -17.56 % in Q3.
Horizon Global's Suppliers recorded an increase in sales by 14.42 % year on year in Q3 2022, sequentially sales grew by 2.24 %, Horizon Global's cost of sales deteriorated by -16.14 % year on year, compare to one quarter ago cost of sales fell by -17.56 % in Q3.
We are sensitive to price movements in our raw materials supply base. Our largest
material purchases are for steel, copper, and aluminum. We also consume a significant
amount of energy via utilities in our facilities. Historically, when we have experienced
increasing costs of steel, we have successfully worked with our suppliers to manage
cost pressures and disruptions in supply. Price increases used to offset inflation
or a disruption of supply in core materials have generally been successful, although
sometimes delayed. Increases in price for these purposes represent a risk in execution.
Horizon Global's Comment on Supply Chain
We are sensitive to price movements in our raw materials supply base. Our largest
material purchases are for steel, copper, and aluminum. We also consume a significant
amount of energy via utilities in our facilities. Historically, when we have experienced
increasing costs of steel, we have successfully worked with our suppliers to manage
cost pressures and disruptions in supply. Price increases used to offset inflation
or a disruption of supply in core materials have generally been successful, although
sometimes delayed. Increases in price for these purposes represent a risk in execution.
HZN's Suppliers Net profit fell by
HZN's Suppliers Net margin fell in Q3 to
-36.42 %
5.25 %
HZN's Suppliers Net profit fell by -36.42 %
HZN's Suppliers Net margin fell in Q3 to 5.25 %
Horizon Global's Suppliers Sales Growth
in Q3 2022 by Industry
Sources:
Horizon Global Corp's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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33.56 % 