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Former Hostess records $14.99 million of EBITDA for September period
By Caroline Salls
Pittsburgh, Oct. 25 - Old HB, Inc., formerly Hostess Brands, Inc., posted $14.99 million of EBITDA for the period of Aug. 25 through Sept. 21 on zero net revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, Old HB reported negative $3.47 million of EBITDA on zero net revenue for the period of July 28 through Aug. 24.
The company also reported an operating loss of $26.42 million for the September period, widening from an $8.78 million operating loss for the August period.
The net loss for the September period was $26.46 million, compared with an $8.92 million net loss for the period ended Aug. 24.
The company also reported cash of $90.36 million as of Sept. 21, up from $42.3 million at Aug. 24.
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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