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>Eagle Materials reported strong results for the second quarter of fiscal year 2026, reaching record revenue of $639 million with a gross margin of 31.3%.</li><li>The earnings per share for the period was $4.23, which marked a slight decline of 1% compared to the previous year, largely due to reduced wallboard sales volume.</li><li>Despite facing challenges from a pullback in residential construction, the company achieved substantial progress on strategic projects, notably the modernization of its Laramie, Wyoming cement plant and the upgrade of its Duke, Oklahoma wallboard plant.</li></ul>

Eagle Materials reported strong results for the second quarter of fiscal year 2026, reaching record revenue of $639 million with a gross margin of 31.3%.The earnings per share for the period was $4.23, which marked a slight decline of 1% compared to the previous year, largely due to reduced wallboard sales volume.Despite facing challenges from a pullback in residential construction, the company achieved substantial progress on strategic projects, notably the modernization of its Laramie, Wyoming cement plant and the upgrade of its Duke, Oklahoma wallboard plant.

Eagle Materials: Capitalizing On Infra Investments & Non-Residential Demand But For How Long?

<ul><li>Eagle Materials reported a strong start to its fiscal year 2026, achieving record first-quarter revenue of $634.7 million, up 4% from the previous year, and delivered diluted net earnings per share of $3.76.</li><li>The company continued its operational focus despite dealing with challenging weather conditions in many of its cement, concrete, and aggregate markets.</li><li>The result underscores Eagle Materials' ability to maintain resilience across market cycles, emphasized through their low-cost producer status and enhanced operational metrics.</li></ul>

Eagle Materials reported a strong start to its fiscal year 2026, achieving record first-quarter revenue of $634.7 million, up 4% from the previous year, and delivered diluted net earnings per share of $3.76.The company continued its operational focus despite dealing with challenging weather conditions in many of its cement, concrete, and aggregate markets.The result underscores Eagle Materials' ability to maintain resilience across market cycles, emphasized through their low-cost producer status and enhanced operational metrics.

Eagle Materials Rides Infrastructure Boom With Surging Cement Demand & Pricing Power!

<ul><li>Eagle Materials' recent earnings release for the fiscal year 2025 highlights various aspects that investors might consider when evaluating the company's performance and prospects.</li><li>The company reported a record revenue of $2.3 billion and record earnings per share of $13.77, marking its fourth consecutive year of record financial results.</li><li>Despite achieving these records, the results present a mixed picture, depicting both strengths and challenges faced by the company.</li></ul>

Eagle Materials' recent earnings release for the fiscal year 2025 highlights various aspects that investors might consider when evaluating the company's performance and prospects.The company reported a record revenue of $2.3 billion and record earnings per share of $13.77, marking its fourth consecutive year of record financial results.Despite achieving these records, the results present a mixed picture, depicting both strengths and challenges faced by the company.

Eagle Materials: A Closer Look At Its Environmental & Economic Efficiency Projects & Other Major Growth Levers!

<ul><li>Eagle Materials Inc. recently discussed its third-quarter fiscal year 2025 results, presenting a mixed financial performance driven by strategic initiatives and external challenges.</li><li>The company emphasized three core strategic initiatives: safety, sustainability, and growth through acquisitions.</li><li>On the positive side, Eagle Materials achieved its lowest total recordable incident rate since it began tracking safety metrics, indicating strong progress in workplace safety initiatives.</li></ul>

Eagle Materials Inc. recently discussed its third-quarter fiscal year 2025 results, presenting a mixed financial performance driven by strategic initiatives and external challenges.The company emphasized three core strategic initiatives: safety, sustainability, and growth through acquisitions.On the positive side, Eagle Materials achieved its lowest total recordable incident rate since it began tracking safety metrics, indicating strong progress in workplace safety initiatives.

Eagle Materials: Continued Expansion & Modernization in Cement Business Fueling Our ‘Outperform’ Rating! - Major Drivers

Founder at Stock Spin-off Investing, Stock Spin-Off Investing

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

Generate attractive returns by taking advantage of inefficiencies in the stock spin-off market.

Stock Spin-offs

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/holcim-ltd-7f60ceaa-51af-4f85-ac5f-114595eb04f3" target="_blank" data-smartkarma-citation="entities:27916" rel="noopener">Holcim (HOLN SW)</a> spun off its construction materials and solutions business into a standalone company on Friday, June 20th.</li>
<li>The new company is called <a href="https://www.smartkarma.com/entities/amrize-ltd" target="_blank" data-smartkarma-citation="entities:45209" rel="noopener">Amrize (AMRZ US)</a>. </li>
<li>The first day of trading will be Monday, June 23, 2025.</li>
</ul>



Holcim (HOLN SW) spun off its construction materials and solutions business into a standalone company on Friday, June 20th.
The new company is called Amrize (AMRZ US). 
The first day of trading will be Monday, June 23, 2025.


United States

Eagle Materials Inc. manufactures and distributes cement, gypsum wallboard, recycled paperboard, and concrete and aggregates.  The Company's products are used in the construction of homes, commercial and industrial buildings, and governmental buildings across the United States.

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Eagle Materials (EXP US)

Eagle Materials: Capitalizing On Infra Investments & Non-Residential Demand But For How Long?

Eagle Materials reported strong results for the second quarter of fiscal year 2026, reaching record revenue of $639 million with a gross margin of...

Baptista Research

Eagle Materials Rides Infrastructure Boom With Surging Cement Demand & Pricing Power!

Eagle Materials reported a strong start to its fiscal year 2026, achieving record first-quarter revenue of $634.7 million, up 4% from the previous...

Baptista Research

Eagle Materials: A Closer Look At Its Environmental & Economic Efficiency Projects & Other Major Growth Levers!

Eagle Materials' recent earnings release for the fiscal year 2025 highlights various aspects that investors might consider when evaluating the...

Baptista Research

Eagle Materials: Continued Expansion & Modernization in Cement Business Fueling Our ‘Outperform’ Rating! - Major Drivers

Eagle Materials Inc. recently discussed its third-quarter fiscal year 2025 results, presenting a mixed financial performance driven by strategic...

Baptista Research

Weekly Update (AMRZ, LION, FTV)

The AMRZ spin-off aims to capitalize on the higher valuation multiples of US building supply companies compared to their European counterparts.

Richard Howe

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