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Former Hostess posts negative $241,000 of EBITDA for Dec. 14-Jan. 10
By Caroline Salls
Pittsburgh, Feb. 13 – Old HB, Inc., formerly Hostess Brands, Inc., reported negative $241,000 of EBITDA for the period of Dec. 14 to Jan. 10 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 posted negative $147,000 of EBITDA for the period of Nov. 16 through Dec. 13, also on zero net revenue.
The company’s operating loss for the January period was $375,000, shrinking from a $510,000 operating loss for the December period.
The net loss for the most recent period was also $375,000, compared with a $530,000 net loss for the previous period.
Cash was $14.4 million as of Jan. 10, down from $26.96 million at Dec. 13.
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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