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>Norfolk Southern Corporation demonstrated a robust performance in the third quarter of 2024, navigating a complex landscape marked by natural disasters and operational challenges.</li><li>The company reported a 3% increase in revenue compared to the previous year, alongside an impressive 23% increase in adjusted earnings per share.</li><li>A significant operational highlight was the improvement in the adjusted operating ratio, which saw a 570 basis point decline to 63.4%.</li></ul>

Norfolk Southern Corporation demonstrated a robust performance in the third quarter of 2024, navigating a complex landscape marked by natural disasters and operational challenges.The company reported a 3% increase in revenue compared to the previous year, alongside an impressive 23% increase in adjusted earnings per share.A significant operational highlight was the improvement in the adjusted operating ratio, which saw a 570 basis point decline to 63.4%.

Norfolk Southern Corporation: An Insight Into Their Enhanced Network and Operational Efficiency Strategy! - Major Drivers

<ul><li>Norfolk Southern Corporation presented its second quarter 2024 financial results, revealing mixed outcomes that reflect both ongoing challenges and notable advances in operational efficiencies.</li><li>The call was led by President and CEO Alan Shaw, alongside executives responsible for various key functions within the organization.</li><li>One of the significant highlights from the results was the improvement in operating ratio (OR), which stood at 65.1% for the quarter, showcasing a substantial margin enhancement of 480 basis points sequentially.</li></ul>

Norfolk Southern Corporation presented its second quarter 2024 financial results, revealing mixed outcomes that reflect both ongoing challenges and notable advances in operational efficiencies.The call was led by President and CEO Alan Shaw, alongside executives responsible for various key functions within the organization.One of the significant highlights from the results was the improvement in operating ratio (OR), which stood at 65.1% for the quarter, showcasing a substantial margin enhancement of 480 basis points sequentially.

Norfolk Southern Corporation: Leveraging Intermodal Strengths To Drive Growth! - Major Drivers

<ul><li>Norfolk Southern Corporation deemed its first quarter of 2024 as one reflecting strategic growth and prudent operational strategies.</li><li>The company followed a balanced strategy to deliver top-tier earnings with an industry competitive margin focusing on customer service, productivity, and growth with strong safety measures.</li><li>The company's president and CEO, Alan Shaw, mentioned that in 2023, safety and service were prioritized to protect the company's franchise and shareholders, thereby operating one of the safest networks in North America.</li></ul>

Norfolk Southern Corporation deemed its first quarter of 2024 as one reflecting strategic growth and prudent operational strategies.The company followed a balanced strategy to deliver top-tier earnings with an industry competitive margin focusing on customer service, productivity, and growth with strong safety measures.The company's president and CEO, Alan Shaw, mentioned that in 2023, safety and service were prioritized to protect the company's franchise and shareholders, thereby operating one of the safest networks in North America.

Norfolk Southern Corporation: How Is Enhanced Operational Efficiency & Productivity Boost Impacting Their Bottom-Line? - Major Drivers

<ul><li>Norfolk Southern Corporation reported mixed results for its Fourth Quarter 2023 Earnings.</li><li>The company experienced inconsistencies due to network disruptions and a persistently weak freight market, impacted further by a major train derailment in Eastern Ohio at the start of the year.</li><li>Despite these challenges, the company persevered, demonstrating resilience and commitment to both safety and service.</li></ul>

Norfolk Southern Corporation reported mixed results for its Fourth Quarter 2023 Earnings.The company experienced inconsistencies due to network disruptions and a persistently weak freight market, impacted further by a major train derailment in Eastern Ohio at the start of the year.Despite these challenges, the company persevered, demonstrating resilience and commitment to both safety and service.

Norfolk Southern Corporation: A Tale Of Expansion & Investment in Intermodal Operations! - Major Drivers

<ul><li>Norfolk Southern delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall Street.</li><li>Materials, Automotive shipping was strong owing to new lane offerings and a weak local crop in the Southeast.</li><li>Despite increased export volumes, the mix of export steam and export metallurgical coal shifted negatively, and lower seaborne coal prices resulted in poorer revenue per unit.</li></ul>

Norfolk Southern delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall Street.Materials, Automotive shipping was strong owing to new lane offerings and a weak local crop in the Southeast.Despite increased export volumes, the mix of export steam and export metallurgical coal shifted negatively, and lower seaborne coal prices resulted in poorer revenue per unit.

Norfolk Southern Corporation: The Strategy That Keeps Them Confident! – Key Drivers

United States

Norfolk Southern Corporation provides rail transportation services. The Company transports raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. Norfolk Southern also transports overseas freight through several Atlantic and Gulf Coast ports

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Norfolk Southern (NSC US)

Norfolk Southern Corporation: An Insight Into Their Enhanced Network and Operational Efficiency Strategy! - Major Drivers

Norfolk Southern Corporation demonstrated a robust performance in the third quarter of 2024, navigating a complex landscape marked by natural...

Baptista Research

Norfolk Southern Corporation: Leveraging Intermodal Strengths To Drive Growth! - Major Drivers

Norfolk Southern Corporation presented its second quarter 2024 financial results, revealing mixed outcomes that reflect both ongoing challenges...

Baptista Research

Norfolk Southern Corporation: How Is Enhanced Operational Efficiency & Productivity Boost Impacting Their Bottom-Line? - Major Drivers

Norfolk Southern Corporation deemed its first quarter of 2024 as one reflecting strategic growth and prudent operational strategies. The company...

Baptista Research

Norfolk Southern Corporation: A Tale Of Expansion & Investment in Intermodal Operations! - Major Drivers

Norfolk Southern Corporation reported mixed results for its Fourth Quarter 2023 Earnings. The company experienced inconsistencies due to network...

Baptista Research

Norfolk Southern Corporation: The Strategy That Keeps Them Confident! – Key Drivers

Norfolk Southern delivered a disappointing set of results as the company was unable to meet the revenue and earnings expectations of Wall...

Baptista Research

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