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Former Hostess reports negative $98,000 of EBITDA for October
By Mark Reccek
Bethlehem, Pa., Nov. 5 – Old HB, Inc., formerly Hostess Brands, Inc., posted negative $98,000 of EBITDA for the period of Sept. 20 through Oct. 17 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 posted $14.97 of EBITDA for the period of Aug. 23 through Sept. 19, also on zero net revenue.
Old HB had an operating loss for the October period of $362,000, down from a $15.26 operating loss for the September period. The net loss for the latest period was $206,000, compared to a $15.26 September net loss.
Cash holdings were $15.08 million as of Oct. 17, compared to $15.52 million as of Sept. 19.
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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