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>Knight-Swift Transportation's first-quarter 2025 results indicate a mixed performance amidst an uncertain market environment, highlighting both strengths and challenges faced by the company.</li><li>On the positive side, the company experienced an increase in overall revenue, excluding fuel surcharge, by 1.2%, and a significant improvement in adjusted operating income by 68.2%.</li><li>This was partially due to cost management initiatives and improved productivity.</li></ul>

Knight-Swift Transportation's first-quarter 2025 results indicate a mixed performance amidst an uncertain market environment, highlighting both strengths and challenges faced by the company.On the positive side, the company experienced an increase in overall revenue, excluding fuel surcharge, by 1.2%, and a significant improvement in adjusted operating income by 68.2%.This was partially due to cost management initiatives and improved productivity.

Knight-Swift Transportation: Is Its Strategic Positioning & Brand Integration The Right Move to Strengthen Its Market Position?

<ul><li>Knight-Swift Transportation's Q4 2024 results reflect a mixed performance with several moving parts across different segments.</li><li>The company reported a slight decline in consolidated revenue excluding fuel surcharge, down 0.9% year-over-year, but achieved a significant improvement in adjusted operating income of 127%, or $59.4 million.</li><li>Q4 GAAP earnings per diluted share were $0.43, with adjusted EPS at $0.36.</li></ul>

Knight-Swift Transportation's Q4 2024 results reflect a mixed performance with several moving parts across different segments.The company reported a slight decline in consolidated revenue excluding fuel surcharge, down 0.9% year-over-year, but achieved a significant improvement in adjusted operating income of 127%, or $59.4 million.Q4 GAAP earnings per diluted share were $0.43, with adjusted EPS at $0.36.

Knight-Swift Transportation Benefitting From U.S. Xpress Synergies: Massive Integration Wins Lie Ahead But Does It Warrant A ‘Buy’ Rating?

<ul><li>Knight-Swift Transportation Holdings Inc. reported its third-quarter 2024 performance in a challenging market, with mixed results that highlight both opportunities and obstacles for the future.</li><li>Revenue, excluding fuel surcharge, experienced a decline of 5.3% year-over-year, while adjusted operating income decreased by 7.1%.</li><li>Adjusted earnings per share (EPS) stood at $0.34, with a consolidated adjusted operating ratio at 93.9%, representing a modest sequential improvement.</li></ul>

Knight-Swift Transportation Holdings Inc. reported its third-quarter 2024 performance in a challenging market, with mixed results that highlight both opportunities and obstacles for the future.Revenue, excluding fuel surcharge, experienced a decline of 5.3% year-over-year, while adjusted operating income decreased by 7.1%.Adjusted earnings per share (EPS) stood at $0.34, with a consolidated adjusted operating ratio at 93.9%, representing a modest sequential improvement.

Knight-Swift Transportation: Can Its Fleet Optimization Efforts Give Them A Competitive Edge? - Major Drivers

<ul><li>Knight-Swift Transportation, a prominent player in the transportation and logistics industry, recently disclosed its financial outcomes for the second quarter of 2024.</li><li>The results reveal a mixed performance characterized by both operational challenges and strategic progress.</li><li>This analysis endeavors to unpack the nuances of the earnings, providing a balanced perspective on Knight-Swift’s current standing and future outlook.</li></ul>

Knight-Swift Transportation, a prominent player in the transportation and logistics industry, recently disclosed its financial outcomes for the second quarter of 2024.The results reveal a mixed performance characterized by both operational challenges and strategic progress.This analysis endeavors to unpack the nuances of the earnings, providing a balanced perspective on Knight-Swift’s current standing and future outlook.

Knight-Swift Transportation Holdings: Initiation Of Coverage - Does It Have A Sustainable Competitive Advantage? - Major Drivers

Alpha-Centric ESG Research

Kyle Rudden

COVID-19 vaccines figure into Biden's recently-announced COVID-19 response plan, though with a clear emphasis on distribution versus development (as was Trump's focus). Biden's prioritisation of vaccine distribution – and the US$25 billion earmarked for it – is a gift for "cold chain" stocks."Cold chain" refers to a complex temperature-controlled supply chain that is mission-critical to the distribution of COVID-19 vaccines. Critical, because vaccines require consistent ultra-cold storage from manufacture to needle-stick, otherwise those expensive vaccines become medical waste.This Insight looks at cold chain stocks as an investment theme inherent in Biden's COVID-19 plan (see <a href="https://www.smartkarma.com/insights/biden-covid-19-response-plan-overview-of-its-inherent-investment-themes" target="_blank" data-smartkarma-citation="insights:45631" rel="noopener">Biden COVID-19 Response Plan: Overview of Its Inherent Investment Themes</a>). Although the cold chain is fragmented and largely privately-held, but there are opportunities in three areas:<ol>
<li>
Freight and Logistics: Most listed companies fall into this category, including both integrated cold chain freight and logistics stocks, as well as niche players in either of freight or logistics.</li>
<li>
Freezer Manufacturers: Ultra-cold freezer boxes and related industrial components of various shapes and sizes are needed for the cold chain to function. Several stocks serve this segment.</li>
<li>
Specialty Chemicals: Dry ice gets all the headlines, as massive amounts are needed but supply is short, but other specialty chemicals and industrial gases are also needed in the cold chain.</li>
</ol>

COVID-19 vaccines figure into Biden's recently-announced COVID-19 response plan, though with a clear emphasis on distribution versus development (as was Trump's focus). Biden's prioritisation of vaccine distribution – and the US$25 billion earmarked for it – is a gift for "cold chain" stocks."Cold chain" refers to a complex temperature-controlled supply chain that is mission-critical to the distribution of COVID-19 vaccines. Critical, because vaccines require consistent ultra-cold storage from manufacture to needle-stick, otherwise those expensive vaccines become medical waste.This Insight looks at cold chain stocks as an investment theme inherent in Biden's COVID-19 plan (see Biden COVID-19 Response Plan: Overview of Its Inherent Investment Themes). Although the cold chain is fragmented and largely privately-held, but there are opportunities in three areas:

Freight and Logistics: Most listed companies fall into this category, including both integrated cold chain freight and logistics stocks, as well as niche players in either of freight or logistics.

Freezer Manufacturers: Ultra-cold freezer boxes and related industrial components of various shapes and sizes are needed for the cold chain to function. Several stocks serve this segment.

Specialty Chemicals: Dry ice gets all the headlines, as massive amounts are needed but supply is short, but other specialty chemicals and industrial gases are also needed in the cold chain.


Biden COVID-19 Response Plan: Cold Chain Transportation and Logistics Stocks Benefit

United States

Knight-Swift Transportation Holdings Inc. provides transportation and logistics services. The Company offers dry van, cross border freight transportation, fleet solutions, consulting, brokerage, equipment leasing, temperature controlled transport, and engineering services. Knight-Swift Transportation Holdings serves customers in North America.

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Knight Transportation (KNX US)

Knight-Swift Transportation: Is Its Strategic Positioning & Brand Integration The Right Move to Strengthen Its Market Position?

Knight-Swift Transportation's first-quarter 2025 results indicate a mixed performance amidst an uncertain market environment, highlighting both...

Baptista Research

Knight-Swift Transportation Benefitting From U.S. Xpress Synergies: Massive Integration Wins Lie Ahead But Does It Warrant A ‘Buy’ Rating?

Knight-Swift Transportation's Q4 2024 results reflect a mixed performance with several moving parts across different segments. The company...

Baptista Research

Knight-Swift Transportation: Can Its Fleet Optimization Efforts Give Them A Competitive Edge? - Major Drivers

Knight-Swift Transportation Holdings Inc. reported its third-quarter 2024 performance in a challenging market, with mixed results that highlight...

Baptista Research

Knight-Swift Transportation Holdings: Initiation Of Coverage - Does It Have A Sustainable Competitive Advantage? - Major Drivers

Knight-Swift Transportation, a prominent player in the transportation and logistics industry, recently disclosed its financial outcomes for the...

Baptista Research

Biden COVID-19 Response Plan: Cold Chain Transportation and Logistics Stocks Benefit

Biden's COVID-19 response plan earmarks US$25 billion to vaccines, but with a twist. His emphasis is vaccine distribution, not development. That...

Kyle Rudden

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