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Former Hostess records negative $64,000 of EBITDA for August period
By Caroline Salls
Pittsburgh, Sept. 25 – Old HB, Inc., formerly Hostess Brands, Inc., reported negative $64,000 of EBITDA for the period of July 26 through Aug. 22 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, the company posted negative $228,000 of EBITDA for the period of June 28 through July 25, also zero net revenue.
Old HB had an operating loss for the August period of $255,000, shrinking from a $573,000 operating loss for the July period. The net loss for the latest period was $186,000, compared to a $527,000 July net loss.
Cash holdings were $12.76 million as of Aug. 22, down from $12.87 million at July 25.
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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