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>PPG Industries, a global supplier of paints, coatings, and specialty materials, reported their second quarter 2024 financial results highlighting an all-time record earning per share (EPS) of $2.50 that signified an 11% year-over-year growth.</li><li>Despite increasingly challenging macroeconomic conditions, the company posted sales of $4.8 billion, marking the seventh consecutive quarter of year-over-year segment margin improvement.</li><li>However, their aggregate volumes in the quarter remained flat year-over-year, falling below their initial expectations due to weak demand in Europe and global automobile manufacturing.</li></ul>

PPG Industries, a global supplier of paints, coatings, and specialty materials, reported their second quarter 2024 financial results highlighting an all-time record earning per share (EPS) of $2.50 that signified an 11% year-over-year growth.Despite increasingly challenging macroeconomic conditions, the company posted sales of $4.8 billion, marking the seventh consecutive quarter of year-over-year segment margin improvement.However, their aggregate volumes in the quarter remained flat year-over-year, falling below their initial expectations due to weak demand in Europe and global automobile manufacturing.

PPG Industries: How Are Their Portfolio Changes Impacting Profitability and Growth? - Major Drivers

<ul><li>The first quarter 2024 earnings of PPG Industries revealed insights into the company's financial position, portfolio strategy, and outlook.</li><li>During the quarter, the firm achieved sales of $4.3 billion and its sixth consecutive quarter of year-on-year segment margin increases, reporting adjusted earnings per diluted share of $1.86, $0.02 above the midpoint of the range provided in January.</li><li>This represents the second-best Q1 adjusted EPS in the company’s history.</li></ul>

The first quarter 2024 earnings of PPG Industries revealed insights into the company's financial position, portfolio strategy, and outlook.During the quarter, the firm achieved sales of $4.3 billion and its sixth consecutive quarter of year-on-year segment margin increases, reporting adjusted earnings per diluted share of $1.86, $0.02 above the midpoint of the range provided in January.This represents the second-best Q1 adjusted EPS in the company’s history.

PPG Industries: Will Its Strategy Of Portfolio Pruning & Acquisitions Pay Off? - Major Drivers

<ul><li>During PPG Industries Inc.'s fourth quarter 2023 financial results, the management reported strong financial results that were driven by effective strategic execution.</li><li>The company reported record fourth quarter sales of $4.4 billion and adjusted earnings per diluted share of $1.53, a 25% increase year-on year.</li><li>The robust earnings were primarily driven by a 260 basis point improvement in aggregated segment margin compared to the fourth quarter of 2022.</li></ul>

During PPG Industries Inc.'s fourth quarter 2023 financial results, the management reported strong financial results that were driven by effective strategic execution.The company reported record fourth quarter sales of $4.4 billion and adjusted earnings per diluted share of $1.53, a 25% increase year-on year.The robust earnings were primarily driven by a 260 basis point improvement in aggregated segment margin compared to the fourth quarter of 2022.

PPG Industries: These Are The 7 Biggest Growth Drivers & 3 Biggest Challenges In Its Path In The Coatings Market! - Major Drivers

<ul><li>PPG Industries has delivered above-par sales and earnings, supported by growth in key businesses and a focus on margin improvement.</li><li>Firstly, its technology advantage and focus on innovation have propelled its businesses forward.</li><li>The company's sales volumes were impacted by soft global industrial production and cautious consumer buying patterns in certain regions.</li></ul>

PPG Industries has delivered above-par sales and earnings, supported by growth in key businesses and a focus on margin improvement.Firstly, its technology advantage and focus on innovation have propelled its businesses forward.The company's sales volumes were impacted by soft global industrial production and cautious consumer buying patterns in certain regions.

PPG Industries: A Story Of Surging Sales and Dominance in the Coatings Market! - Key Drivers

<ul><li>PPG Industries managed to exceed analyst expectations in terms of revenue as well as earnings.</li><li>PPG's strong posture in these end-use areas resulted in significant second-quarter sales in aerospace, automotive, automotive refinish, PPG Comex, and its protection and marine coatings division.</li><li>We give PPG Industries, Inc. a 'Hold' rating with a revised target price.</li></ul>

PPG Industries managed to exceed analyst expectations in terms of revenue as well as earnings.PPG's strong posture in these end-use areas resulted in significant second-quarter sales in aerospace, automotive, automotive refinish, PPG Comex, and its protection and marine coatings division.We give PPG Industries, Inc. a 'Hold' rating with a revised target price.

PPG Industries: Capitalizing Diverse Segments

United States

PPG Industries, Inc. supplies products for the manufacturing, construction, automotive, chemical processing, and other industries worldwide.  The Company makes protective and decorative coatings, flat glass, fabricated glass products, continuous-strand fiber glass products, and industrial and specialty chemicals.

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Ppg Industries (PPG US)

PPG Industries: How Are Their Portfolio Changes Impacting Profitability and Growth? - Major Drivers

PPG Industries, a global supplier of paints, coatings, and specialty materials, reported their second quarter 2024 financial results highlighting...

Baptista Research

PPG Industries: Will Its Strategy Of Portfolio Pruning & Acquisitions Pay Off? - Major Drivers

The first quarter 2024 earnings of PPG Industries revealed insights into the company's financial position, portfolio strategy, and outlook. During...

Baptista Research

PPG Industries: These Are The 7 Biggest Growth Drivers & 3 Biggest Challenges In Its Path In The Coatings Market! - Major Drivers

During PPG Industries Inc.'s fourth quarter 2023 financial results, the management reported strong financial results that were driven by effective...

Baptista Research

PPG Industries: A Story Of Surging Sales and Dominance in the Coatings Market! - Key Drivers

PPG Industries has delivered above-par sales and earnings, supported by growth in key businesses and a focus on margin improvement. Firstly, its...

Baptista Research

PPG Industries: Capitalizing Diverse Segments

PPG Industries managed to exceed analyst expectations in terms of revenue as well as earnings. PPG's strong posture in these end-use areas...

Baptista Research

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