Horizon Global Corporation revised earnings guidance for the year 2017. For full-year 2017, the company expects: Revenue growth in the range of 37.2 to 37.6%, revised from prior guidance of 38 to 41%; Operating profit in the range of $34.0 million to $36.0 million, revised from prior guidance of $38.2 million to $44.2 million; Adjusted operating profit in the range of $49.0 million to $51.6 million, revised from prior guidance of $53.0 million to $59.0 million; Diluted loss per share in the range of $0.02 to $0.08, revised from earnings per share of $0.50 to $0.60; Adjusted diluted earnings per share in the range of $0.88 to $0.96, revised from prior guidance of $1.04 to $1.14; Operating cash flow in the range of $12.0 million to $16.0 million, revised from prior guidance of $40.0 million to $50.0 million. The revised expectations resulted from a number of factors in the Company’s business. The company’s revenue fell below expectations for the full year due to a sales shortfall resulting from system stock take-out by retailers, as well as delivery delays during the fourth quarter related to the Company’s transition to its new distribution facility in Kansas City. Horizon Europe-Africa’s operating profit fell below expectations due to an unfavorable sales mix and increased material costs. In addition, diluted earnings per share were reduced by company estimate of the effects on existing deferred tax balances and the one-time transition tax under the Tax Cuts and Jobs Act. Operating cash flow fell short of previous guidance on lower net income and higher-than-expected working capital levels.