Former Hostess marks negative $3.47 million of EBITDA for August

By Jim Witters

Wilmington, Del., Sept. 27 - Old HB, Inc., formerly Hostess Brands, Inc., posted negative $3.47 million of EBITDA on zero net revenue for the period of July 28 through Aug. 24, according to the company's monthly operating report filed Sept. 27 with the U.S. Bankruptcy Court for the Southern District of New York.

Those figures compare to negative $6.29 million of EBITDA for the previous filing period, also on zero net revenue.

Old HB also reported an operating loss of $8.78 million for the August period, down from $154.51 million of operating income in July.

The net loss for the August period was $8.92 million, compared to net income of $112.2 million in July.

The operating income and net income in July included a $163 million gain related to asset sales.

The company also reported cash on hand of $42.3 million as of Aug. 24, down from $50.3 million on July 27.

Hostess Brands, an Irving, Texas-based operator of regional bakeries, filed for bankruptcy on Jan. 11, 2012. Its Chapter 11 case number is 12-22052.

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