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>The Middleby Corporation has recently reported on various strategic changes and an earnings summary for the fourth quarter of 2024.</li><li>The company announced its decision to spin off its Food Processing business to form a separate publicly traded entity, aiming to create two distinct companies: Middleby Corporation focusing on commercial and residential kitchen equipment, and Middleby Food Processing.</li><li>This move is expected to allow each business to sharpen its strategic and operational focus, optimize capital structure, and align more strategically with its respective market opportunities.</li></ul>

The Middleby Corporation has recently reported on various strategic changes and an earnings summary for the fourth quarter of 2024.The company announced its decision to spin off its Food Processing business to form a separate publicly traded entity, aiming to create two distinct companies: Middleby Corporation focusing on commercial and residential kitchen equipment, and Middleby Food Processing.This move is expected to allow each business to sharpen its strategic and operational focus, optimize capital structure, and align more strategically with its respective market opportunities.

Middleby Corporation Is On A Buying Spree—Is M&A The ONLY Feasible Way For Them To Grow?

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Stock Spin-offs

Event-Driven

<ul><li>There were no new spin-off announcements this week.</li><li>The Middleby Corporation (MIDD) announced its plan to spin off its food processing business on February 25, 2025.</li><li>This strategic move aims to allow Middleby to concentrate on its core commercial foodservice and residential kitchen equipment sectors, while enabling the new entity to focus exclusively on food processing operations.</li></ul>

There were no new spin-off announcements this week.The Middleby Corporation (MIDD) announced its plan to spin off its food processing business on February 25, 2025.This strategic move aims to allow Middleby to concentrate on its core commercial foodservice and residential kitchen equipment sectors, while enabling the new entity to focus exclusively on food processing operations.

<ul><li>On Monday, Western Digital (WDC) spun off its NAND flash business, Sandisk (SNDK).</li><li>On Friday, CompoSecure (CMPO) spun off its management company, Resolute Holdings (RHLD).</li><li>During the week, we got earnings from Howard Hughes (HHH) and Sunrise Communications (SNRE).</li></ul>

On Monday, Western Digital (WDC) spun off its NAND flash business, Sandisk (SNDK).On Friday, CompoSecure (CMPO) spun off its management company, Resolute Holdings (RHLD).During the week, we got earnings from Howard Hughes (HHH) and Sunrise Communications (SNRE).

<ul><li>The Middleby Corporation recently reported its third-quarter 2024 earnings and faced a tougher macroeconomic environment than anticipated, primarily impacting its Commercial Foodservice segment.</li><li>The company experienced a delay in investments from restaurant operators amid declining restaurant traffic and increasing food costs.</li><li>These challenges resulted in revenue declines, particularly as approximately 1,500 more restaurants closed than initially expected this year.</li></ul>

The Middleby Corporation recently reported its third-quarter 2024 earnings and faced a tougher macroeconomic environment than anticipated, primarily impacting its Commercial Foodservice segment.The company experienced a delay in investments from restaurant operators amid declining restaurant traffic and increasing food costs.These challenges resulted in revenue declines, particularly as approximately 1,500 more restaurants closed than initially expected this year.

Middleby Corporation: Strategic Cost Management & Efficiency Improvements Driving Our Optimism! - Major Drivers

<ul><li>The Middleby Corporation, during their Second Quarter 2024 earnings call, presented a mixed scenario reflecting both strengths in strategic growth areas and the overarching pressure from macroeconomic conditions.</li><li>The discussion, led by CEO Timothy FitzGerald and supported by executives including CFO Bryan Mittelman and Chief Technology and Operations Officer James Pool, provided insights into various segments of the company's operations.</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

The Middleby Corporation, during their Second Quarter 2024 earnings call, presented a mixed scenario reflecting both strengths in strategic growth areas and the overarching pressure from macroeconomic conditions.The discussion, led by CEO Timothy FitzGerald and supported by executives including CFO Bryan Mittelman and Chief Technology and Operations Officer James Pool, provided insights into various segments of the company's operations.Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

The Middleby Corporation: Initiation Of Coverage - Strengthened Dealer Channel Relationships & Other Major Drivers

United States

The Middleby Corporation designs, manufactures, markets, and services a broad line of equipment for use in cooking and preparing food.  The Company's products are used in commercial and institutional kitchens and restaurants throughout the world.  Middleby's brand names include Marshall, Southbend, and Toastmaster.

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Middleby Corp (MIDD US)

Middleby Corporation Is On A Buying Spree—Is M&A The ONLY Feasible Way For Them To Grow?

The Middleby Corporation has recently reported on various strategic changes and an earnings summary for the fourth quarter of 2024. The company...

Baptista Research

Weekly Update (IDT, RHLD, SNRE, SNDK)

There were no new spin-off announcements this week. The Middleby Corporation (MIDD) announced its plan to spin off its food processing business on...

Richard Howe

Weekly Update (MIDD, SNDK, RHLD, SNRE)

On Monday, Western Digital (WDC) spun off its NAND flash business, Sandisk (SNDK). On Friday, CompoSecure (CMPO) spun off its management...

Richard Howe

Middleby Corporation: Strategic Cost Management & Efficiency Improvements Driving Our Optimism! - Major Drivers

The Middleby Corporation recently reported its third-quarter 2024 earnings and faced a tougher macroeconomic environment than anticipated,...

Baptista Research

The Middleby Corporation: Initiation Of Coverage - Strengthened Dealer Channel Relationships & Other Major Drivers

The Middleby Corporation, during their Second Quarter 2024 earnings call, presented a mixed scenario reflecting both strengths in strategic growth...

Baptista Research

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