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Former Hostess EBITDA drops to negative $313,000 in September period
By Kali Hays
New York, Oct. 24 – Old HB, Inc., formerly Hostess Brands, Inc., posted negative $313,000 of EBITDA for Aug. 24 through Sept. 20 on zero net revenue, according to its monthly operating report filed Oct. 24 with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, company posted $44.48 million of EBITDA for July 27 through Aug. 23, also on zero net revenue.
Old HB also reported an operating loss of $756,000 for the September period, a marked decline from an operating income of $44.13 million in August.
The net loss was $762,000 in September, dropping from a net income of $41.12 million in August.
The company had $27.5 million in cash as of Sept. 20, down from $28.55 million at Aug. 23.
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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