Margin Expansion Allows Horizon Global's Profits to Soar

Horizon Global (NYSE: HZN) reported its second-quarter earnings results before the markets opened for trading on Tuesday, Aug. 1. The towing and trailering equipment provider reported better-than-expected revenue and net income growth thanks in large part to last year's Westfalia acquisition and continued focus on margin expansion. The strong quarterly results allowed management to once again increase its profit outlook for the full year.

Let's put Horizon's second-quarter results under the microscope to get a better understanding of what happened during the period.

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Source: Fool.com