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>Dover Corporation's Q3 2025 earnings results showed a mixed performance, illustrating both strengths and challenges in its various business segments.</li><li>The company reported a 5% increase in revenue for the quarter, driven primarily by strong shipment growth in short-cycle components and a favorable mix from recently closed acquisitions.</li><li>The order trends remained positive with an 8% year-over-year increase, 4% of which was organic, overseeing momentum into the subsequent quarters.</li></ul>

Dover Corporation's Q3 2025 earnings results showed a mixed performance, illustrating both strengths and challenges in its various business segments.The company reported a 5% increase in revenue for the quarter, driven primarily by strong shipment growth in short-cycle components and a favorable mix from recently closed acquisitions.The order trends remained positive with an 8% year-over-year increase, 4% of which was organic, overseeing momentum into the subsequent quarters.

Dover Corporation’s Bold Acquisition Play: Inside How Site IQ & SIKORA Are Powering Its Next Growth Wave!

<ul><li>Dover Corporation's second quarter 2025 performance showcased both commendable achievements and areas presenting challenges.</li><li>On the positive side, the company demonstrated robust operational efficiency, which was marked by its impressive margin performance.</li><li>The adjusted segment EBITDA margins exceeded 25%, reflecting the success of prior cost actions and a favorable product mix.</li></ul>

Dover Corporation's second quarter 2025 performance showcased both commendable achievements and areas presenting challenges.On the positive side, the company demonstrated robust operational efficiency, which was marked by its impressive margin performance.The adjusted segment EBITDA margins exceeded 25%, reflecting the success of prior cost actions and a favorable product mix.

Dover Corporation Is Assembling $400M in M&A Firepower—Is a Portfolio Shakeup Coming?

<ul><li>Dover Corporation reported a positive start to 2025, showcasing a promising first quarter with notable financial performance.</li><li>The company's adjusted earnings per share rose by 19% compared to the previous year, and the adjusted EBITDA margin improved by 240 basis points to reach 24%.</li><li>These results were achieved through a healthy mix of growth platforms, structural cost actions from prior periods, and successful pricing strategies.</li></ul>

Dover Corporation reported a positive start to 2025, showcasing a promising first quarter with notable financial performance.The company's adjusted earnings per share rose by 19% compared to the previous year, and the adjusted EBITDA margin improved by 240 basis points to reach 24%.These results were achieved through a healthy mix of growth platforms, structural cost actions from prior periods, and successful pricing strategies.

Dover Corporation’s Inventory Gamble: Genius Move Or Costly Misstep In A Volatile Market?

Equity Long-Short Analyst

Pyari Menon

<ul>
<li>With its <a href="https://www.smartkarma.com/entities/danaher-corp" target="_blank" data-smartkarma-citation="entities:8243:1" rel="noopener">Danaher Corp (DHR US)</a> heritage, <a href="https://www.smartkarma.com/entities/veralto-corp" target="_blank" data-smartkarma-citation="entities:40472:1" rel="noopener">Veralto (VLTO US)</a> has built a foundation based on durable and recurring sales growth, high profitability, and strong cash generation.</li>
<li>Veralto's products and services are mission-critical yet account for less than 1% of client costs, leading to high switching costs and ensuring customer retention and financial resilience through economic cycles.</li>
<li>Veralto holds market leadership in both its Water Quality (WQ) and Product Quality &amp; Innovation (PQI) segments, which positions it well for the increasing regulatory and environmental demands. .</li>
</ul>


With its Danaher Corp (DHR US) heritage, Veralto (VLTO US) has built a foundation based on durable and recurring sales growth, high profitability, and strong cash generation.
Veralto's products and services are mission-critical yet account for less than 1% of client costs, leading to high switching costs and ensuring customer retention and financial resilience through economic cycles.
Veralto holds market leadership in both its Water Quality (WQ) and Product Quality &amp; Innovation (PQI) segments, which positions it well for the increasing regulatory and environmental demands. .


Veralto: The Power of Customer Dependency and Recurring Revenue

<ul><li>Dover's second quarter 2024 results showcased robust performance with key positives reflected in revenue growth and strategic enhancements through acquisitions and divestitures.</li><li>Richard J.</li><li>Tobin, President and CEO, detailed how Dover achieved a 5% increase in organic revenue, propelled by substantial market demand across diverse sectors, including engineered products, clean energy components, and imaging and identification technologies.</li></ul>

Dover's second quarter 2024 results showcased robust performance with key positives reflected in revenue growth and strategic enhancements through acquisitions and divestitures.Richard J.Tobin, President and CEO, detailed how Dover achieved a 5% increase in organic revenue, propelled by substantial market demand across diverse sectors, including engineered products, clean energy components, and imaging and identification technologies.

Dover Corporation: The 3 Biggest Challenges That Bears Are Rooting For! - Financial Forecasts

United States

Dover Corporation manufactures industrial products and manufacturing equipments. The Company's products includes printing, identification, marking and coding systems, waste handling, industrial equipments, refrigeration systems, display cases, industrial pumps, fuel dispensers, nozzles, piping, and electronic tank gauge equipments. Dover serves customers worldwide.

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Dover Corp (DOV US)

Dover Corporation’s Bold Acquisition Play: Inside How Site IQ & SIKORA Are Powering Its Next Growth Wave!

Dover Corporation's Q3 2025 earnings results showed a mixed performance, illustrating both strengths and challenges in its various business...

Baptista Research

Dover Corporation Is Assembling $400M in M&A Firepower—Is a Portfolio Shakeup Coming?

Dover Corporation's second quarter 2025 performance showcased both commendable achievements and areas presenting challenges. On the positive side,...

Baptista Research

Dover Corporation’s Inventory Gamble: Genius Move Or Costly Misstep In A Volatile Market?

Dover Corporation reported a positive start to 2025, showcasing a promising first quarter with notable financial performance. The company's...

Baptista Research

Veralto: The Power of Customer Dependency and Recurring Revenue

Veralto's products and services are typically low cost but critical leading to high recurring sales, solid profitability and a leadership position...

Pyari Menon

Dover Corporation: The 3 Biggest Challenges That Bears Are Rooting For! - Financial Forecasts

Dover's second quarter 2024 results showcased robust performance with key positives reflected in revenue growth and strategic enhancements through...

Baptista Research

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