Independent research on the U.S. markets, Baptista Research

Baptista Research

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.

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>Clean Harbors, in their third quarter earnings call for 2024, presented a mixed financial picture with varying performance across segments, projections, and strategic maneuvers aimed at navigating current challenges and capitalizing on market opportunities.</li><li>Starting with the positives, the Environmental Services (ES) segment showcased robust year-over-year growth, driven largely by increased waste volumes, favorable pricing, and the acquisition of HEPACO which augmented field service capabilities and contributed significantly to revenue growth.</li><li>The company leveraged this momentum to expand adjusted EBITDA by 15% in this segment, supported by an efficient operational network that witnessed an increase in incineration utilization and strategic pricing adjustments.</li></ul>

Clean Harbors, in their third quarter earnings call for 2024, presented a mixed financial picture with varying performance across segments, projections, and strategic maneuvers aimed at navigating current challenges and capitalizing on market opportunities.Starting with the positives, the Environmental Services (ES) segment showcased robust year-over-year growth, driven largely by increased waste volumes, favorable pricing, and the acquisition of HEPACO which augmented field service capabilities and contributed significantly to revenue growth.The company leveraged this momentum to expand adjusted EBITDA by 15% in this segment, supported by an efficient operational network that witnessed an increase in incineration utilization and strategic pricing adjustments.

Clean Harbors Inc.: Enhanced Pricing & Cost Management Mechanisms in Response to Inflation But Will It Work? - Major Drivers