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 (2)
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
$126.0
0.4
$ 126.4
Three Months Ended June 30, 2023
Net Income
Net
Gross
Margin
35.8% $ 61.7 $
Operating
Income
0.1
0.4
35.9% $ 62.1
$
Income
32.5
(0.2)
0.4
7.5
0.3
(0.7)
(2.1)
37.7
14.2
10.3
14.3
3.5
80.0
Margin
9.2% $ 0.24 $
(0.1)
Diluted
EPS
4.0
2.9
4.1
1.0
22.7%
Gross
Profit
0.1
2.1
0.1
(0.2)
(0.6)
(0.03)
10.7 $ 0.28 $ 112.8
0.07
112.7
0.1
Three Months Ended June 30, 2022
Gross Operating Net Net Income
Margin Income
Margin
33.1% $
33.1% $
51.0 $
0.6
0.1
Income
51.7
$
30.5
(0.5)
0.6
0.2
(0.1)
(0.1)
30.5
11.4
9.7
14.6
2.6
68.9
9.0%
(0.2)
0.2
9.0
3.3
2.9
4.2
0.8
20.2%
Diluted
$
EPS
$ 0.22
0.22
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.
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