Former Hostess shows negative EBITDA of $311,000 during May period

By Kali Hays

New York, July 2 – Old HB, Inc., formerly Hostess Brands, Inc., marked negative $311,000 of EBITDA for May 3 through May 30 on zero net revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, the company reported negative $421,000 of EBITDA for April 5 through May 2, also on zero net revenue.

Old HB had an operating loss of $762,000 for May, increasing from a previous operating loss of $671,000.

The company’s net loss for May was $718,000, up from a net loss of $515,000 during its April period.

Cash holdings were at $13.17 million as of May 30, down slightly from $13.48 million as of May 2.

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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