Brief: Hostess Brands Reports Q1 Earnings Per Share $0.02

Hostess Brands

08/05/2020 12:46

May 8 (Reuters) - Hostess Brands Inc  TWNK.O :
    * HOSTESS BRANDS, INC. ANNOUNCES FIRST QUARTER 2020
FINANCIAL
RESULTS
    * Q1 EARNINGS PER SHARE $0.02
    * Q1 REVENUE $243.5 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$228.9 MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $0.13 -- REFINITIV IBES
DATA
    * SUSPENDING ITS 2020 OUTLOOK DUE TO RAPIDLY EVOLVING
SITUATION
AND HIGH DEGREE OF UNCERTAINTY CAUSED BY COVID-19 PANDEMIC
    * HOSTESS BRANDS- HAS SUFFICIENT LIQUIDITY TO SATISFY CASH
NEEDS,
AS SUPPORTED BY CASH ON HAND, CASH FLOW FROM OPERATIONS, ACCESS
TO REVOLVING CREDIT FACILITY
    * REAFFIRMS ITS LONG-TERM FINANCIAL OBJECTIVES OF ORGANIC
REVENUE
GROWTH, ADJUSTED EBITDA MARGINS

Source text for Eikon:  ID:nBw3g3XdYa 
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