Hostess Brands (TWNK) Tops Q4 EPS by 1c, Offers Outlook

Hostess Brands (NASDAQ: TWNK) reported Q4 EPS of $0.17, $0.01 better than the analyst estimate of $0.16. Revenue for the quarter came in at $216.7 million versus the consensus estimate of $215.32 million.

2020 Outlook Summary:
•The Company expects organic revenue growth ahead of the SBG category in 2020 driven by expansion of core products as well as new innovation.
•Full year 2020 adjusted EBITDA is expected to be in the range of $225 million to $240 million, an increase of 13% to 20% over 2019, excluding the $5 million of 2019 ISB adjusted EBITDA, primarily driven by organic growth, continued operating efficiencies and the contribution of approximately $20 million from the acquisition of Voortman.
•The Company expects a leverage ratio of approximately 4x at the end of 2020, increased by the additional debt incurred to finance the Voortman acquisition partially offset by strong operating cash flows.

For earnings history and earnings-related data on Hostess Brands (TWNK) click here.

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