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Hostess Brands Inc (TWNK.OQ)

TWNK.OQ on NASDAQ Stock Exchange Capital Market

13.05USD
22 Nov 2017
Change (% chg)

$0.12 (+0.93%)
Prev Close
$12.93
Open
$12.91
Day's High
$13.20
Day's Low
$12.90
Volume
379,901
Avg. Vol
295,729
52-wk High
$17.18
52-wk Low
$11.01

Latest Key Developments (Source: Significant Developments)

Hostess Brands Q3 earnings per share of $0.09
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Hostess Brands Inc ::Hostess Brands, Inc. Announces third quarter 2017 financial results.Hostess Brands sees 2017 net revenue growth of 6.5 percent - 7.3 percent from combined pro forma net revenue of $728 million in 2016 .Q3 earnings per share $0.09.Q3 revenue $192.3 million versus I/B/E/S view $198.5 million.Q3 earnings per share view $0.12 -- Thomson Reuters I/B/E/S.Anticipates a net revenue range of $775 million to $781 million for year ended december 31, 2017​.Sees ‍$0.58 to $0.60 diluted earnings per share for full year​.  Full Article

Hostess brands, inc. Announces third quarter 2017 financial results
Thursday, 9 Nov 2017 

Nov 8 (Reuters) - Hostess Brands Inc :Hostess Brands, Inc. announces third quarter 2017 financial results.Q3 earnings per share $0.09.Q3 revenue $192.3 million versus I/B/E/S view $198.5 million.Sees FY 2016 revenue $728 million.Q3 earnings per share view $0.12 -- Thomson Reuters I/B/E/S.Hostess Brands Inc - ‍ anticipates a net revenue range of $775 million to $781 million for year ended December 31, 2017​.Hostess Brands Inc - sees ‍$0.58 to $0.60 diluted earnings per share for full year​.  Full Article

Hostess Brands announces CEO retirement
Friday, 13 Oct 2017 

Oct 12 (Reuters) - Hostess Brands Inc :Hostess Brands Inc. announces chief executive officer retirement.Says CEO and president Bill Toler to retire.Hostess Brands Inc - ‍ Bill Toler will remain on company's board of directors​.Hostess Brands- ‍bill Toler has informed co that he plans to retire as president and CEO, effective March 1, 2018 or sooner if replacement is appointed​.Hostess Brands Inc - board has created a subcommittee of board to identify candidates to fill president and chief executive officer position​.Hostess Brands Inc - ‍during transition period to a new chief executive officer, Dean Metropoulos will expand his duties as executive chairman​.  Full Article

Wellington Management Group LLP reports 11.77 pct passive stake in Gores Holdings Inc
Wednesday, 12 Oct 2016 

Gores Holdings Inc : Wellington Management Group LLP reports 11.77 percent passive stake in Gores Holdings Inc, as of September 30, 2016 - sec filing Source - http://bit.ly/2dXgEzh Further company coverage: [GRSH.O] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Gores Holdings presentation- Hostess Brands pro-forma equity value after deal close expected to be $1.3 bln
Tuesday, 5 Jul 2016 

Gores Holdings: Hostess brands pro-forma equity value after deal close expecetd to be $1.3 billion . Post deal close, Hostess Brands to be 17 percent owned by apollo, 25 percent by Metropoulos, 8 percent by Gores, 29 percent by SPAC investors, 21 percent by additional pipe investors . Expect to set record date for shareholder vote on Hostess deal in August; hold shareholder vote and close deal in Sept . Estimate adjusted EBITDA of $227.5 million, net income of $101.8 million for year ending Dec. 31, 2017 for Hostess . Hostess Brands Executive- will enter frozen snacks, this summer will be launching frozen fried Twinkies, will be testing at Walmart Further company coverage: [GRSH.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Hostess Brands announces sale agreement with Gores Holdings
Tuesday, 5 Jul 2016 

Hostess Brands : Transaction introduces hostess as a publicly listed company . Hostess brands says anticipated initial enterprise value of approximately $2.3 billion . Along with $375 million cash in gores holdings' trust account, additional investors committed to participate via $350 million private placement . Gores holdings' sponsor has agreed to cancellation of a portion of 9.4 million founder shares . Transaction has been unanimously approved by boards of directors of both gores holdings and hostess . Funds managed by affiliates of apollo global management and c. Dean metropoulos and family to hold an about 42% combined stake in gores holdings after deal . Hostess brands, maker of twinkies®, announces sale agreement with gores holdings, inc. . Dean metropoulos and william toler will continue to lead company as executive chairman and chief executive officer, respectively . Gores holdings will also enter into a tax receivable agreement with sellers .Company's estimated 2016 adjusted ebitda is approximately $220 million.  Full Article

The Gores Group sells Hay Group to Musashi Seimitsu
Monday, 9 May 2016 

Gores Holdings Inc :The Gores Group sells Hay Group to Musashi Seimitsu.  Full Article