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>Illinois Tool Works (ITW) reported its third quarter 2025 financial results, highlighting the mixed but resilient nature of its operational performance amidst a challenging demand environment.</li><li>The company delivered a 3% increase in revenue, excluding a 1% negative impact from strategic product line simplification efforts.</li><li>Organic growth was recorded at 1%, reflecting a slight improvement from the previous quarter, while favorable foreign currency translation contributed an additional 2% to the revenue growth.</li></ul>

Illinois Tool Works (ITW) reported its third quarter 2025 financial results, highlighting the mixed but resilient nature of its operational performance amidst a challenging demand environment.The company delivered a 3% increase in revenue, excluding a 1% negative impact from strategic product line simplification efforts.Organic growth was recorded at 1%, reflecting a slight improvement from the previous quarter, while favorable foreign currency translation contributed an additional 2% to the revenue growth.

Illinois Tool Works Powers: Can It Build Further On Its Strong Position In Emerging Markets?

<ul><li>Illinois Tool Works (ITW) produced a mixed bag of performance results for its second quarter of 2025, sparking varied implications for investors.</li><li>The company demonstrated resilience in a challenging macro environment, achieving notable financial results and strategic progress, though certain areas of the business reflect ongoing pressure from market headwinds.</li><li>On the positive side, ITW's total revenue grew by 1%, with foreign currency translation contributing an additional 1% to revenue, and GAAP earnings per share (EPS) hitting $2.58.</li></ul>

Illinois Tool Works (ITW) produced a mixed bag of performance results for its second quarter of 2025, sparking varied implications for investors.The company demonstrated resilience in a challenging macro environment, achieving notable financial results and strategic progress, though certain areas of the business reflect ongoing pressure from market headwinds.On the positive side, ITW's total revenue grew by 1%, with foreign currency translation contributing an additional 1% to revenue, and GAAP earnings per share (EPS) hitting $2.58.

Illinois Tool Works: Capturing China’s Auto Market Share With New Expansion Strategy!

<ul><li>Illinois Tool Works (ITW) presents a complex investment case, blending positive financial resilience with challenges stemming from external uncertainties, such as tariffs and market volatility.</li><li>On the positive front, ITW demonstrated stability in its first quarter with GAAP EPS of $2.38, surpassing initial estimates.</li><li>The company's operating margin stood at 24.8%, despite a 3.4% decline in total revenue due to foreign currency fluctuations and product line simplification efforts.</li></ul>

Illinois Tool Works (ITW) presents a complex investment case, blending positive financial resilience with challenges stemming from external uncertainties, such as tariffs and market volatility.On the positive front, ITW demonstrated stability in its first quarter with GAAP EPS of $2.38, surpassing initial estimates.The company's operating margin stood at 24.8%, despite a 3.4% decline in total revenue due to foreign currency fluctuations and product line simplification efforts.

Illinois Tool Works: Is Its Flexible Cost Structure Paying Off?

<ul><li>Illinois Tool Works Inc. (ITW) completed 2024 on a strong financial footing, achieving record results in several key performance areas.</li><li>For the fourth quarter, the company reported a modest decline in total revenues by 1.3%, but a robust operating margin increase to 26.2%, an improvement of 140 basis points, driven primarily by enterprise initiatives.</li><li>The company's ability to expand operating income by 4% in spite of lower revenue demonstrates effective cost management and strategic execution.</li></ul>

Illinois Tool Works Inc. (ITW) completed 2024 on a strong financial footing, achieving record results in several key performance areas.For the fourth quarter, the company reported a modest decline in total revenues by 1.3%, but a robust operating margin increase to 26.2%, an improvement of 140 basis points, driven primarily by enterprise initiatives.The company's ability to expand operating income by 4% in spite of lower revenue demonstrates effective cost management and strategic execution.

Illinois Tool Works: Here’s How Its Focus On China’s Automotive & EV Markets Is Paying Off!

<ul><li>Illinois Tool Works Inc. (ITW) presented its Third Quarter 2024 earnings with a mixture of ongoing stability and challenges reflective of the broader economic landscape.</li><li>The company reported that revenue trends saw a slight moderation, particularly stressed within the automotive and construction markets, leading to a 1% dip in organic revenue.</li><li>Despite these pressures, ITW’s third quarter showcased its resilience, with robust operational management leading to an operating income of $1.05 billion and an operating margin standing strong at 26.5%.</li></ul>

Illinois Tool Works Inc. (ITW) presented its Third Quarter 2024 earnings with a mixture of ongoing stability and challenges reflective of the broader economic landscape.The company reported that revenue trends saw a slight moderation, particularly stressed within the automotive and construction markets, leading to a 1% dip in organic revenue.Despite these pressures, ITW’s third quarter showcased its resilience, with robust operational management leading to an operating income of $1.05 billion and an operating margin standing strong at 26.5%.

Illinois Tool Works Inc.: The Story Of Automotive Sector Growth & Electric Vehicles Penetration! - Major Drivers

United States

Illinois Tool Works Inc. designs and manufactures fasteners and components, equipment and consumable systems, and a variety of specialty products and equipment.  The Company's products include industrial fluids and adhesives, tooling for specialty applications, welding products, and quality measurement equipment and systems.  Illinois Tool Works operates worldwide.

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Illinois Tool Works (ITW US)

Illinois Tool Works Powers: Can It Build Further On Its Strong Position In Emerging Markets?

Illinois Tool Works (ITW) reported its third quarter 2025 financial results, highlighting the mixed but resilient nature of its operational...

Baptista Research

Illinois Tool Works: Is Its Flexible Cost Structure Paying Off?

Illinois Tool Works (ITW) presents a complex investment case, blending positive financial resilience with challenges stemming from external...

Baptista Research

Illinois Tool Works: Here’s How Its Focus On China’s Automotive & EV Markets Is Paying Off!

Illinois Tool Works Inc. (ITW) completed 2024 on a strong financial footing, achieving record results in several key performance areas. For the...

Baptista Research

Illinois Tool Works Inc.: The Story Of Automotive Sector Growth & Electric Vehicles Penetration! - Major Drivers

Illinois Tool Works Inc. (ITW) presented its Third Quarter 2024 earnings with a mixture of ongoing stability and challenges reflective of the...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Illinois Tool Works Powers: Can It Build Further On Its Strong Position In Emerging Markets?

Illinois Tool Works (ITW) reported its third quarter 2025 financial results, highlighting the mixed but resilient nature of its operational...

Baptista Research

Illinois Tool Works: Capturing China’s Auto Market Share With New Expansion Strategy!

Illinois Tool Works (ITW) produced a mixed bag of performance results for its second quarter of 2025, sparking varied implications for...

Baptista Research

Illinois Tool Works: Is Its Flexible Cost Structure Paying Off?

Illinois Tool Works (ITW) presents a complex investment case, blending positive financial resilience with challenges stemming from external...

Baptista Research

Illinois Tool Works: Here’s How Its Focus On China’s Automotive & EV Markets Is Paying Off!

Illinois Tool Works Inc. (ITW) completed 2024 on a strong financial footing, achieving record results in several key performance areas. For the...

Baptista Research

Illinois Tool Works Inc.: The Story Of Automotive Sector Growth & Electric Vehicles Penetration! - Major Drivers

Illinois Tool Works Inc. (ITW) presented its Third Quarter 2024 earnings with a mixture of ongoing stability and challenges reflective of the...

Baptista Research