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Former Hostess sees EBITDA jump to $2.61 million in November period
By Kali Hays
New York, Dec. 19 – Old HB Inc., formerly Hostess Brands Inc., reported $2.61 million of EBITDA on zero net revenue for the period of Oct. 19 through Nov. 15, according to its monthly operating report filed Dec. 19 with the U.S. Bankruptcy Court for the Southern District of New York.
Those numbers compare to negative $411,000 of EBITDA for Sept. 21 through Oct. 18, also on zero net revenue.
The company’s operating income was $2.24 million for the November period, improving from an operating loss of $661,000 during October.
Old HB’s net income was $2.2 million, rallying from a previous net loss of $662,000.
The company also had $26.5 million in cash as of Nov. 15, down from $27.05 million as of Oct. 18.
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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