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

L3Harris Technologies  / Equity Bottom-Up

<ul>
<li>Through the fourth quarter 2023, earnings call at L3Harris Technologies showed healthy financial results accompanied by strong performance in its various portfolios.</li>
<li>The company reported a significant $23 billion in orders, marking a record increase, and a doubling of its backlog to $33 billion since the merger.</li>
<li>This growth trajectory was propelled by key U.S. Army awards and notable progress in satellite awards.</li>
</ul>


Through the fourth quarter 2023, earnings call at L3Harris Technologies showed healthy financial results accompanied by strong performance in its various portfolios.
The company reported a significant $23 billion in orders, marking a record increase, and a doubling of its backlog to $33 billion since the merger.
This growth trajectory was propelled by key U.S. Army awards and notable progress in satellite awards.


L3Harris Corporation: Accelerating Demand in Aerojet Rocketdyne As A Major Growth Catalyst!

<ul><li>L3Harris Technologies delivered a positive result and managed an all-around beat in the last quarter, marked by a significant milestone with acquiring Aerojet Rocketdyne.</li><li>Amid this exciting development, L3Harris focuses on execution and has delivered on its financial commitments in the second quarter, reporting impressive top-line growth of 13% across most segments.</li><li>In this report, we have carried out a fundamental analysis of the historical financial statements of the company.</li></ul>

L3Harris Technologies delivered a positive result and managed an all-around beat in the last quarter, marked by a significant milestone with acquiring Aerojet Rocketdyne.Amid this exciting development, L3Harris focuses on execution and has delivered on its financial commitments in the second quarter, reporting impressive top-line growth of 13% across most segments.In this report, we have carried out a fundamental analysis of the historical financial statements of the company.

L3Harris Technologies Inc.: The Aerojet Rocketdyne Acquisition & Other Huge Developments That Could Be Game Changers! – Key Drivers

Equity Capital Markets

L3Harris Technologies  / Equity Capital Markets

<ul><li>It was a successful first quarter for L3Harris as they delivered an all-around beat while building momentum in orders and backlog.</li><li>The company saw top-line growth of 9% across all segments, along with improved operating income in two out of three segments.</li><li>They also reaffirmed their 2023 guidance, with a potential bias towards the higher end of the revenue range due to strong revenue growth and significant orders.</li></ul>

It was a successful first quarter for L3Harris as they delivered an all-around beat while building momentum in orders and backlog.The company saw top-line growth of 9% across all segments, along with improved operating income in two out of three segments.They also reaffirmed their 2023 guidance, with a potential bias towards the higher end of the revenue range due to strong revenue growth and significant orders.

L3Harris Technologies Inc.: Launch of Next-Generation NTS-3 Satellite & Other Developments

<ul><li>L3Harris finished the year on a high note and delivered an all-around beat while continuing to build momentum going into 2023.</li><li>The RL10 is a high-end upper-stage engine that the ELA has ordered well over 100 of for the new Vulcan launch vehicle.</li><li>We remain optimistic about the company's future growth and maintain our 'Hold' rating with a revised target price.</li></ul>

L3Harris finished the year on a high note and delivered an all-around beat while continuing to build momentum going into 2023.The RL10 is a high-end upper-stage engine that the ELA has ordered well over 100 of for the new Vulcan launch vehicle.We remain optimistic about the company's future growth and maintain our 'Hold' rating with a revised target price.

L3Harris Technologies Inc: Acquisition Of Aerojet Rocketdyne & Other Drivers

<ul><li>L3Harris delivered a highly disappointing set of results for the previous quarter as it failed to meet Wall Street expectations in terms of revenues as well as earnings.</li><li>The reduced margins and revenue have been responsible for the guidance decline in free cash flow and EPS.</li><li>L3Harris performed well in the non-traditional prime business with a record quarter of more than $5 billion in funded orders.</li></ul>

L3Harris delivered a highly disappointing set of results for the previous quarter as it failed to meet Wall Street expectations in terms of revenues as well as earnings.The reduced margins and revenue have been responsible for the guidance decline in free cash flow and EPS.L3Harris performed well in the non-traditional prime business with a record quarter of more than $5 billion in funded orders.

L3Harris Corp: Acquisition of Viasat’s Tactical Data Links Business & Other Drivers

United States

L3Harris Technologies, Inc. is an aerospace and defense technology innovator. The Company designs, develops, and manufactures radio communications products and systems, including single channel ground and airborne radio systems. L3Harris Technologies provides advanced defense and commercial technologies across air, land, sea, space, and cyber domains.

L3Harris Technologies (LHX US)

L3Harris Corporation: Accelerating Demand in Aerojet Rocketdyne As A Major Growth Catalyst!

Through the fourth quarter 2023, earnings call at L3Harris Technologies showed healthy financial results accompanied by strong performance in its...

Baptista Research

L3Harris Technologies Inc.: The Aerojet Rocketdyne Acquisition & Other Huge Developments That Could Be Game Changers! – Key Drivers

L3Harris Technologies delivered a positive result and managed an all-around beat in the last quarter, marked by a significant milestone with...

Baptista Research

L3Harris Technologies Inc.: Launch of Next-Generation NTS-3 Satellite & Other Developments

It was a successful first quarter for L3Harris as they delivered an all-around beat while building momentum in orders and backlog. The company saw...

Baptista Research

L3Harris Technologies Inc: Acquisition Of Aerojet Rocketdyne & Other Drivers

L3Harris finished the year on a high note and delivered an all-around beat while continuing to build momentum going into 2023. The RL10 is a...

Baptista Research

L3Harris Corp: Acquisition of Viasat’s Tactical Data Links Business & Other Drivers

L3Harris delivered a highly disappointing set of results for the previous quarter as it failed to meet Wall Street expectations in terms of...

Baptista Research