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Former Hostess posts negative $14.97 million of EBITDA for September
By Mark Reccek
Bethlehem, Pa., Oct. 23 – Old HB, Inc., formerly Hostess Brands, Inc., reported negative $14.97 million of EBITDA for the period of Aug. 23 through Sept. 19 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 $64,000 of EBITDA for the period of July 26 through Aug. 22, also on zero net revenue.
Old HB had an operating loss for the September period of $15.26 million, growing from a $255,000 operating loss for the August period. The net loss for the latest period was also $15.26 million, compared to a $186,000 August net loss.
Cash holdings were $15.52 million as of Sept. 19, up from $12.76 million as of Aug. 22.
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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