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Former Hostess posts $1.92 million of EBITDA for May 5 to June 1 period
By Jim Witters
Wilmington, Del., July 3 - Old HB, Inc., formerly Hostess Brands, Inc., posted $1.92 million of EBITDA on net revenue of $426,000 for the period of May 5 through June 1, according to the company's monthly operating report filed July 2 with the U.S. Bankruptcy Court for the Southern District of New York.
The figures compare to negative $7.46 million in EBITDA on $363,000 of net revenue for the April 7 to May 4 period.
Old HB also reported $510,000 of operating income for the May period, down from $315.52 million in the previous period.
Net income for the most recent period was $406,000, down from $332.02 million for the previous period.
The company also reported cash on hand of $52.13 million as of June 1, compared to $60.02 million on May 4.
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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