Hostess Investor Presentation Deck
H♥
BRANDS
Non-GAAP Reconciliations
GAAP results
Non-GAAP adjustments:
Foreign currency remeasurement
Project consulting costs (1)
Accelerated depreciation related to network optimization
Loss on debt modification
Other (3)
Discrete income tax expense
Tax impact of adjustments
Adjusted Non-GAAP results
Income tax
Interest expense
Depreciation & amortization
Share-based compensation
Adjusted EBITDA
1.
2.
Gross
Profit
$246.7
0.8
$ 247.6
Six Months Ended June 30, 2023
Operating Net Net Income
Income
Margin
Gross
Margin
35.4% $
0.1
35.5% $
123.8
0.8
124.6
$
Income
$
70.8
(0.2)
0.8
7.5
0.4
(1.1)
(2.2)
75.9
28.2
20.5
29.3
6.5
160.4
Diluted
10.1% $
4.0
2.9
4.2
0.9
22.9%
EPS
0.53
0.01
0.06
Gross
Profit
$ 228.3
0.1
1.1
0.1
(0.2)
(0.01)
(0.02)
(0.3)
10.9 $ 0.57 $ 228.6
0.3
Six Months Ended June 30, 2022
Operating Net Net Income
Income
Margin
Gross
Margin
34.0% $ 109.3 $ 65.0
34.0% $
3.9
(1.4)
0.3
113.5
Income
$
(0.2)
3.9
(1.4)
0.4
0.5
(1.1)
68.5
25.5
19.4
27.9
5.0
146.3
0.6
(0.1)
9.7% $ 0.47
0.1
0.1
(0.2)
10.3
Diluted
3.8
2.9
4.1
0.7
21.8%
EPS
0.03
(0.01)
(0.01)
$0.43
Project consulting costs are included in general and administrative on the condensed consolidated statement of operations.
In 2023, costs related to certain corporate initiatives and are included in other expense on the condensed consolidated statement of operations. In 2022, costs related to certain corporate initiatives, including $0.1 million of accelerated
depreciation.
21View entire presentation