Last $0.65 USD
Change Today 0.00 / 0.00%
Volume 76.8K
HRZL On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

horizon lines inc-cl a (HRZL) Snapshot

Open
$0.65
Previous Close
$0.65
Day High
$0.65
Day Low
$0.65
52 Week High
01/10/14 - $1.05
52 Week Low
06/6/14 - $0.29
Market Cap
25.7M
Average Volume 10 Days
74.8K
EPS TTM
$-0.84
Shares Outstanding
39.8M
EX-Date
02/24/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HORIZON LINES INC-CL A (HRZL)

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horizon lines inc-cl a (HRZL) Details

Horizon Lines, Inc., together with its subsidiaries, is engaged in Jones Act container shipping business with primary service to ports within the continental United States, Alaska, Hawaii, and Puerto Rico. The company transports a range of consumer and industrial items that are used every day, such as refrigerated and non-refrigerated foodstuffs, household goods, auto parts, building materials, and various materials used in manufacturing. It also offers vessel loading and unloading services for vessel operators at its terminals; agency services for third-party shippers lacking administrative presences; warehousing services for third-parties; and other non-transportation services. The company serves consumer and industrial products companies; and agencies of the U.S. government, including the Department of Defense and the U.S. Postal Service. It owns 13 vessels; and owns or leases approximately 22,900 cargo containers. Horizon Lines, Inc. was founded in 1956 and is headquartered in Charlotte, North Carolina.

1,621 Employees
Last Reported Date: 03/21/14
Founded in 1956

horizon lines inc-cl a (HRZL) Top Compensated Officers

Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $370.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $315.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $370.0K
Compensation as of Fiscal Year 2013.

horizon lines inc-cl a (HRZL) Key Developments

Horizon Lines Terminates Puerto Rico Operations

Horizon Lines, Inc. announced that it would cease providing liner service between the U.S. and Puerto Rico by the end of 2014 due to continuing losses without the prospect of future profitability. In Puerto Rico, Horizon Lines has incurred substantial cumulative losses and negative cash flows in recent years, despite ongoing efforts to remain competitive. Operations of the Puerto Rico service will be curtailed in a careful and orderly manner. The Company will cease liner service for domestic customers by the end of the year, however San Juan terminal services will continue to be provided into the first quarter of 2015. The Company will work closely with customers to assist them in identifying service alternatives.

Horizon Lines, Inc., Matson, Inc. - M&A Call

To discuss the acquisition of Matson, Inc to Horizon's Alaska Operations

Horizon Lines, Inc. Announces Unaudited Consolidated Earnings for the Third Quarter and Nine Months Ended September 21, 2014; Provides Earnings Guidance for the Year 2014

Horizon Lines, Inc. announced unaudited consolidated earnings for the third quarter and nine months ended September 21, 2014. For the quarter, Operating revenue was $286,214,000 against $273,663,000 a year ago. The factors driving the $12.5 million in revenue growth were a $17.1 million volume increase, a $4.5 million rise in non-transportation services revenue, and a $3.8 million increase in fuel surcharge revenue associated with higher volume. These positive items were partially offset by a $12.8 million decrease in revenue container rates. Operating income was $27,057,000 against $17,918,000 a year ago. Income from continuing operations before income tax benefit was $9,428,000 against $874,000 a year ago. Net income from continuing operations was $9,519,000 or $0.10 per diluted share against $1,603,000 or $0.02 per diluted share a year ago. Net income was $9,517,000 or $0.10 per diluted share against $4,080,000 or $0.05 per diluted share a year ago. Adjusted operating income was $27,750,000 against $21,606,000 a year ago. Adjusted net income from continuing operations was $10,526,000 against $5,176,000 a year ago. Adjusted income per share from continuing operations was $0.11 against $0.06 a year ago. EBITDA was $38.7 million against $31.3 million for the same period a year ago. Adjusted EBITDA was $39.4 million against $35.0 million for the same period a year ago. For the quarter, Operating revenue was $819,387,000 against $777,938,000 a year ago. Operating income was $34,775,000 against $29,599,000 a year ago. Loss from continuing operations before income tax benefit was $18,034,000 against $19,925,000 a year ago. Net loss from continuing operations was $18,360,000 or $0.45 per diluted share against $19,322,000 or $0.54 per diluted share a year ago. Net loss was $18,331,000 or $0.45 per diluted share against $17,774,000 or $0.50 per diluted share a year ago. Net cash provided by operating activities from continuing operations was $14,739,000 against $26,581,000 a year ago. Purchases of property and equipment were $9,583,000 against $106,417,000 a year ago. Adjusted operating income was $39,278,000 against $39,123,000 a year ago Adjusted net loss from continuing operations was $13,225,000 against $9,415,000 a year ago. Adjusted income per share from continuing operations was $0.32 against $0.27 a year ago. EBITDA was $73.1 million compared with $68.5 million a year ago. Adjusted EBITDA was $77.5 million, versus $77.9 million for the same period in 2013. The $0.6 million decrease in adjusted EBITDA was primarily due to lower container rates, contractual labor and other expense increases, and higher fuel and labor costs associated with vessel dry-docking, partially offset by higher revenue container volumes and lower claims-related expense. The company expects its 2014 revenue container loads to be above 2013 levels. The company expects 2014 financial results to approximate 2013 results, with 2014 adjusted EBITDA projected between $90.0 million and $95.0 million, compared with $95.2 million in fiscal 2013.

 

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HRZL

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Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book NM Not Meaningful
Price/Cash Flow 114.1x
TEV/Sales NM Not Meaningful
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