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Former Hostess records negative $3.21 million of EBITDA for November
By Caroline Salls
Pittsburgh, Dec. 20 - Old HB, Inc., formerly Hostess Brands, Inc., posted negative $3.21 million of EBITDA for the period of Oct. 20 through Nov. 16 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 $2.72 million of EBITDA for the period of Sept. 22 through Oct. 19, also on zero net revenue.
The company also reported an operating loss of $4.08 million for the November period, widening from a $1.37 million operating loss for the October period.
The net loss for the November period was also $4.08 million, compared with a $1.04 million net loss for the previous period.
The company had $43.4 million in cash at Nov. 16, down from $45.04 million as of Oct. 19.
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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