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 Bottom-Up

<ul><li>Leggett & Platt's third quarter 2024 results reflect a challenging performance environment driven by several demand and operational pressures.</li><li>Overall sales amounted to $1.1 billion, representing a 6% decline year-over-year.</li><li>The decrease was primarily attributed to volume declines across all three business segments—Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products—coupled with reductions in raw material-related selling prices.</li></ul>

Leggett & Platt's third quarter 2024 results reflect a challenging performance environment driven by several demand and operational pressures.Overall sales amounted to $1.1 billion, representing a 6% decline year-over-year.The decrease was primarily attributed to volume declines across all three business segments—Bedding Products, Specialized Products, and Furniture, Flooring and Textile Products—coupled with reductions in raw material-related selling prices.

Leggett & Platt’s Innovation Push: Will New Product Launches & Tech Upgrades Drive a Turnaround? - Major Drivers

<ul><li>Leggett & Platt's Second Quarter 2024 earnings highlighted several key areas of performance and strategic initiatives, reflecting an environment of both challenges and transformation for the company under revised leadership with CEO Karl Glassman.</li><li>The company is focusing heavily on restructuring, with significant emphasis on operational efficiencies and reduction of general and administrative costs.</li><li>Key initiatives include consolidation of facilities and optimization of manufacturing processes particularly in their Bedding Products and Furniture, Flooring & Textile Products segments.</li></ul>

Leggett & Platt's Second Quarter 2024 earnings highlighted several key areas of performance and strategic initiatives, reflecting an environment of both challenges and transformation for the company under revised leadership with CEO Karl Glassman.The company is focusing heavily on restructuring, with significant emphasis on operational efficiencies and reduction of general and administrative costs.Key initiatives include consolidation of facilities and optimization of manufacturing processes particularly in their Bedding Products and Furniture, Flooring & Textile Products segments.

Leggett & Platt Incorporated: Dealing With Market Dependency Challenges & Economic Sensitivity! - Major Drivers

<ul><li>Leggett & Platt, a prominent engineered product manufacturer, recently revealed its financial and strategic direction in its first quarter 2024 earnings analysis.</li><li>The company is engaged in multiple business segments, notably Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.</li><li>The reported period reflects a mix of strategic restructuring, operational challenges, and financial adjustments aimed at long-term sustainability and growth.</li></ul>

Leggett & Platt, a prominent engineered product manufacturer, recently revealed its financial and strategic direction in its first quarter 2024 earnings analysis.The company is engaged in multiple business segments, notably Bedding Products, Specialized Products, and Furniture, Flooring & Textile Products.The reported period reflects a mix of strategic restructuring, operational challenges, and financial adjustments aimed at long-term sustainability and growth.

Leggett & Platt Incorporated: Will There Be A Negative Impact Of Broader Macro-Economic Trends? - Major Drivers

<ul><li>This is our first report on bedding and other specialty products manufacturer, Leggett & Platt.</li><li>The company has been facing some tough times but its management seems to remain optimistic amid challenging circumstances.</li><li>While lower volumes in residential end markets and certain pricing responses have elicited predictions of lower earnings for 2024 from the company, other factors like the advancement of key product growth and improvement in profitability, accompanying a refocused bedding strategy are cause for increased optimism.</li></ul>

This is our first report on bedding and other specialty products manufacturer, Leggett & Platt.The company has been facing some tough times but its management seems to remain optimistic amid challenging circumstances.While lower volumes in residential end markets and certain pricing responses have elicited predictions of lower earnings for 2024 from the company, other factors like the advancement of key product growth and improvement in profitability, accompanying a refocused bedding strategy are cause for increased optimism.

Leggett & Platt Incorporated: Initiation Of Coverage - These 4 Pivotal Factors Are Driving Its Future Performance! - Financial Forecasts

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>It was a mixed week for furniture and furnishings stocks, as earnings results and company-specific factors seemed to dominate trading for several issuers (LOVE, RH, BYON) while the market waits for the Fed’s next move.</li><li>The WTR Commercial/Contract Furniture Index was down 3.7%, the Residential Manufacturers &amp; Suppliers Index was down 4.8%, the Home Goods Retailers Index was up 1.3%, and the Mass Retailers Index was down 0.1% for the week, while the large-cap indexes were flat and the R2K was down 2.0%.</li><li>RH up big after demonstrating market share gains in its latest quarter and accelerating demand trends in the core business. </li></ul>

It was a mixed week for furniture and furnishings stocks, as earnings results and company-specific factors seemed to dominate trading for several issuers (LOVE, RH, BYON) while the market waits for the Fed’s next move.The WTR Commercial/Contract Furniture Index was down 3.7%, the Residential Manufacturers &amp; Suppliers Index was down 4.8%, the Home Goods Retailers Index was up 1.3%, and the Mass Retailers Index was down 0.1% for the week, while the large-cap indexes were flat and the R2K was down 2.0%.RH up big after demonstrating market share gains in its latest quarter and accelerating demand trends in the core business. 

Furniture/Furnishings Weekly - December 16, 2024

United States

Leggett & Platt, Incorporated manufactures a wide range of engineered products. The Company's products include components for bedding, furniture, and other residential furnishings, as well as office and institutional furnishings components, retail store fixtures, and displays, specialty wire products, and automotive seating suspension and lumbar systems.

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Leggett & Platt (LEG US)

Leggett & Platt’s Innovation Push: Will New Product Launches & Tech Upgrades Drive a Turnaround? - Major Drivers

Leggett & Platt's third quarter 2024 results reflect a challenging performance environment driven by several demand and operational...

Baptista Research

Leggett & Platt Incorporated: Dealing With Market Dependency Challenges & Economic Sensitivity! - Major Drivers

Leggett & Platt's Second Quarter 2024 earnings highlighted several key areas of performance and strategic initiatives, reflecting an...

Baptista Research

Leggett & Platt Incorporated: Will There Be A Negative Impact Of Broader Macro-Economic Trends? - Major Drivers

Leggett & Platt, a prominent engineered product manufacturer, recently revealed its financial and strategic direction in its first quarter...

Baptista Research

Leggett & Platt Incorporated: Initiation Of Coverage - These 4 Pivotal Factors Are Driving Its Future Performance! - Financial Forecasts

This is our first report on bedding and other specialty products manufacturer, Leggett & Platt. The company has been facing some tough times...

Baptista Research

Furniture/Furnishings Weekly - December 16, 2024

It was a mixed week for furniture and furnishings stocks, as earnings results and company-specific factors seemed to dominate trading for several...

Water Tower Research

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