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>Vulcan Materials Company's third quarter earnings underscored both the challenges and achievements encountered during the period.</li><li>Amidst significant impacts from four hurricanes and notably high rainfall affecting critical markets, the company reported a shift in aggregate shipments and financial figures that reflect both resilience and areas of pressure.</li><li>Aggregate shipments fell by 10%, attributed largely to disruptive weather conditions that affected Vulcan's operations in several states.</li></ul>

Vulcan Materials Company's third quarter earnings underscored both the challenges and achievements encountered during the period.Amidst significant impacts from four hurricanes and notably high rainfall affecting critical markets, the company reported a shift in aggregate shipments and financial figures that reflect both resilience and areas of pressure.Aggregate shipments fell by 10%, attributed largely to disruptive weather conditions that affected Vulcan's operations in several states.

Vulcan Materials Company: Strong Focus on Infrastructure & Private Sector Demand Is A Potential Growth Catalyst! - Major Drivers

<ul><li>Vulcan Materials Company, specializing in aggregates, demonstrated resilience in its second quarter earnings despite facing operational challenges, including unfavorable weather conditions.</li><li>The company reported significant advancements in unit profitability and margins despite a year-over-year decline in aggregate shipments due to numerous rain-impact days across its key markets.</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>

Vulcan Materials Company, specializing in aggregates, demonstrated resilience in its second quarter earnings despite facing operational challenges, including unfavorable weather conditions.The company reported significant advancements in unit profitability and margins despite a year-over-year decline in aggregate shipments due to numerous rain-impact days across its key markets.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.

Vulcan Materials Company: Focused Investment in Infrastructure and Public Projects Catalyzing Top-Line Growth! - Major Drivers

<ul><li>After the first-quarter 2024 earnings of Vulcan Materials Company, Vulcan confirmed it is on track to deliver a fourth consecutive year of double-digit adjusted EBITDA growth, despite challenging weather conditions during the quarter.</li><li>Adjusted EBITDA for the quarter stood at $323 million, showcasing the durability of the Aggregates business and robust cash generation.</li><li>The pricing environment remains optimistic and gross profit-per-ton expanded, driven by the Vulcan Way of Selling and Vulcan Way of Operating disciplines.</li></ul>

After the first-quarter 2024 earnings of Vulcan Materials Company, Vulcan confirmed it is on track to deliver a fourth consecutive year of double-digit adjusted EBITDA growth, despite challenging weather conditions during the quarter.Adjusted EBITDA for the quarter stood at $323 million, showcasing the durability of the Aggregates business and robust cash generation.The pricing environment remains optimistic and gross profit-per-ton expanded, driven by the Vulcan Way of Selling and Vulcan Way of Operating disciplines.

Vulcan Materials Company: A Tale Of Strategic Dominance In The Aggregates Industry! - Major Drivers

<ul><li>Vulcan Materials Company provided a comprehensive outlook on the company's performance and future expectations in its earnings.</li><li>The company reported an exceptional year in 2023 as they achieved significant milestones; generating over $2 billion in adjusted EBITDA and surpassing $9 of aggregate cash gross profit per ton.</li><li>They also reported a 27% year-over-year improvement in adjusted EBITDA in the fourth quarter, apart from margin expansion across their three primary product lines.</li></ul>

Vulcan Materials Company provided a comprehensive outlook on the company's performance and future expectations in its earnings.The company reported an exceptional year in 2023 as they achieved significant milestones; generating over $2 billion in adjusted EBITDA and surpassing $9 of aggregate cash gross profit per ton.They also reported a 27% year-over-year improvement in adjusted EBITDA in the fourth quarter, apart from margin expansion across their three primary product lines.

Vulcan Materials Company: Continued Investment in Expense Management

Podcast by Dom Cooke to explore big businesses, Business Breakdowns

Business Breakdowns

Podcast by Dom Cooke to explore big businesses

Learn how companies work from the people who know them best. We do deep research and interview industry veterans, investment professionals, and corporate executives to explain the inner workings of public stocks and private businesses. For each company, we break down their history, business model, financial statements, secret sauce, and bull/bear case. We believe every business has lessons to teach us and Breakdowns is here to highlight them. Learn more and stay up to date at www.joincolossus.com.

<ul><li>Vulcan Materials is America's largest producer of construction aggregates, providing the foundation for buildings, roads, and infrastructure.</li><li>The company owns over 400 quarries located within 60% of the US population, producing aggregates used in asphalt and concrete.</li><li>The industry structure involves owning quarries and crushing rocks down to create materials used in various construction projects, with a market size of around $35 billion.</li></ul><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

Vulcan Materials is America's largest producer of construction aggregates, providing the foundation for buildings, roads, and infrastructure.The company owns over 400 quarries located within 60% of the US population, producing aggregates used in asphalt and concrete.The industry structure involves owning quarries and crushing rocks down to create materials used in various construction projects, with a market size of around $35 billion.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Vulcan Materials: Rock On - [Business Breakdowns, EP.151]

United States

Vulcan Materials Company produces construction aggregates.  The Company principal product lines are aggregates, asphalt mix and concrete, and cement.

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Vulcan Materials Co (VMC US)

Vulcan Materials Company: Strong Focus on Infrastructure & Private Sector Demand Is A Potential Growth Catalyst! - Major Drivers

Vulcan Materials Company's third quarter earnings underscored both the challenges and achievements encountered during the period. Amidst...

Baptista Research

Vulcan Materials Company: Focused Investment in Infrastructure and Public Projects Catalyzing Top-Line Growth! - Major Drivers

Vulcan Materials Company, specializing in aggregates, demonstrated resilience in its second quarter earnings despite facing operational...

Baptista Research

Vulcan Materials Company: A Tale Of Strategic Dominance In The Aggregates Industry! - Major Drivers

After the first-quarter 2024 earnings of Vulcan Materials Company, Vulcan confirmed it is on track to deliver a fourth consecutive year of...

Baptista Research

Vulcan Materials Company: Continued Investment in Expense Management

Vulcan Materials Company provided a comprehensive outlook on the company's performance and future expectations in its earnings. The company...

Baptista Research

Vulcan Materials: Rock On - [Business Breakdowns, EP.151]

Vulcan Materials is America's largest producer of construction aggregates, providing the foundation for buildings, roads, and infrastructure.

Business Breakdowns

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