Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Capital Markets

<ul><li>Heico delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.</li><li>The operating income of The Flight Support Group increased, reflecting the improved gross profit margin and net sales growth.</li><li>The improved gross margin replicates higher net sales within Heico's Specialty Products as well as Aftermarket Replacement Parts product lines.</li></ul>

Heico delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat.The operating income of The Flight Support Group increased, reflecting the improved gross profit margin and net sales growth.The improved gross margin replicates higher net sales within Heico's Specialty Products as well as Aftermarket Replacement Parts product lines.

Heico Corporation: Acquisition of Wencor Group & Other Drivers

<ul><li>Heico delivered a mixed quarter with a decent organic growth in revenues that reflects higher demand for the bulk of its commercial aircraft products and services given the ongoing recovery in commercial air travel.</li><li>Operating income for the Flight Support Group climbed by 60% to $83.6 million in the first quarter of fiscal 2023.</li><li>This acquisition is anticipated to drive the company's growth prospects.</li></ul>

Heico delivered a mixed quarter with a decent organic growth in revenues that reflects higher demand for the bulk of its commercial aircraft products and services given the ongoing recovery in commercial air travel.Operating income for the Flight Support Group climbed by 60% to $83.6 million in the first quarter of fiscal 2023.This acquisition is anticipated to drive the company's growth prospects.

HEICO Corporation: Precise Engineering Acquisition & Other Drivers

<ul><li>Heico had another successful quarter and managed an all-around beat driven by record performance within the Flight Support Group.</li><li>The Flight Support Group's operating income and net sales have increased sequentially.</li><li>Heico’s ETG Group finalized the acquisition of TRAD Tests & Radiations, a pioneer in the extremely specialized field of radiation engineering.</li></ul>

Heico had another successful quarter and managed an all-around beat driven by record performance within the Flight Support Group.The Flight Support Group's operating income and net sales have increased sequentially.Heico’s ETG Group finalized the acquisition of TRAD Tests & Radiations, a pioneer in the extremely specialized field of radiation engineering.

Credit

<ul>
<li>HEICO Corporation is a large aerospace and defense company based in Florida, U.S.</li>
<li>The company had a strong start to 2022 with net sales for the Flight Support Group showing a phenomenal growth in revenues as well as profitability.</li>
<li>The company’s commercial aerospace parts and services has been experiencing strong organic growth and its operating margin has been expanding.</li>
</ul>


HEICO Corporation is a large aerospace and defense company based in Florida, U.S.
The company had a strong start to 2022 with net sales for the Flight Support Group showing a phenomenal growth in revenues as well as profitability.
The company’s commercial aerospace parts and services has been experiencing strong organic growth and its operating margin has been expanding.


HEICO Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

Equity Bottom-Up

<ul>
<li>This is our first report on aerospace and defense player, HEICO Corporation.</li>
<li>The company delivered outstanding results for the most recent quarter with operating income and net sales for the Flight Support Group reporting quarterly increases of 87% and 33%, respectively, compared to the second quarter of fiscal 2022.</li>
<li>The Flight Support Group has also experienced sequential growth in operating income and net sales for the seventh consecutive quarter which is a positive sign.</li>
</ul>


This is our first report on aerospace and defense player, HEICO Corporation.
The company delivered outstanding results for the most recent quarter with operating income and net sales for the Flight Support Group reporting quarterly increases of 87% and 33%, respectively, compared to the second quarter of fiscal 2022.
The Flight Support Group has also experienced sequential growth in operating income and net sales for the seventh consecutive quarter which is a positive sign.


HEICO Corporation: Initiation of Coverage – Recent Acquisitions

United States

HEICO Corporation designs, manufactures, and sells aerospace products and services through its subsidiaries. The Company's customers include airlines and airmotive, as well as defense contractors and military agencies worldwide, including the United States Air Force, the United States Navy, and the National Aeronautics & Space Administration (NASA).

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HEICO Corp (HEI US)

Heico Corporation: Acquisition of Wencor Group & Other Drivers

Heico delivered a mixed set of results for the previous quarter, with revenues well below analyst expectations but managed an earnings beat. The...

Baptista Research

HEICO Corporation: Precise Engineering Acquisition & Other Drivers

Heico delivered a mixed quarter with a decent organic growth in revenues that reflects higher demand for the bulk of its commercial aircraft...

Baptista Research

Heico Corporation: Major Drivers

Heico had another successful quarter and managed an all-around beat driven by record performance within the Flight Support Group. The Flight...

Baptista Research

HEICO Corporation: Detailed Credit Analysis & Financial Strength Evaluation Report

HEICO Corporation is a large aerospace and defense company based in Florida, U.S. The company had a strong start to 2022 with net sales for the...

Baptista Research

HEICO Corporation: Initiation of Coverage – Recent Acquisitions

This is our first report on aerospace and defense player, HEICO Corporation. The company delivered outstanding results for the most recent quarter...

Baptista Research

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