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>Lear Corporation achieved record revenue in 2023, reaching $23.5 billion, a 12% increase from 2022.</li><li>The significant growth in core operating earnings by 29% to $1.1 billion and the 38% increase in adjusted earnings per share to $12.02 highlight the company's strong financial performance.</li><li>Additionally, its operating cash flow improved by 22% to over $1.2 billion, and free cash flow conversion exceeded the target of 80%.</li></ul>

Lear Corporation achieved record revenue in 2023, reaching $23.5 billion, a 12% increase from 2022.The significant growth in core operating earnings by 29% to $1.1 billion and the 38% increase in adjusted earnings per share to $12.02 highlight the company's strong financial performance.Additionally, its operating cash flow improved by 22% to over $1.2 billion, and free cash flow conversion exceeded the target of 80%.

Lear Corporation: These 7 Drivers Are Pushing The Company Forward In 2024! - Financial Forecasts

<ul><li>Lear Corporation managed to exceed the revenue and earnings expectations of Wall Street, characterized by double-digit increases in sales and operating earnings.</li><li>Total company revenue saw a commendable 10% surge to $5.8 billion, with core operating earnings experiencing a 14% boost to reach $267 million.</li><li>This quarter's success marks the fifth consecutive quarter of year-over-year improvements in both revenue and operating income for the company.</li></ul>

Lear Corporation managed to exceed the revenue and earnings expectations of Wall Street, characterized by double-digit increases in sales and operating earnings.Total company revenue saw a commendable 10% surge to $5.8 billion, with core operating earnings experiencing a 14% boost to reach $267 million.This quarter's success marks the fifth consecutive quarter of year-over-year improvements in both revenue and operating income for the company.

Lear Corporation: Their Journey to Automotive Excellence! - Major Drivers

<ul><li>Lear Corporation managed to exceed analyst expectations in terms of revenue and earnings.</li><li>With a 61% increase from the previous year, core operating earnings were the greatest in over two years.</li><li>Adjusted earnings per share rose by 86% while operating cash flow for the quarter grew dramatically to $311 million.</li></ul>

Lear Corporation managed to exceed analyst expectations in terms of revenue and earnings.With a 61% increase from the previous year, core operating earnings were the greatest in over two years.Adjusted earnings per share rose by 86% while operating cash flow for the quarter grew dramatically to $311 million.

Lear Corporation: From E-Systems Momentum to Harnessing Contracts – Where Are They Zooming Next? - Major Drivers

Equity Capital Markets

<ul><li>Lear had a solid start to the year, with an all-around beat in the recent quarterly result.</li><li>The management intends to start making full seats with essential thermal components for these vehicles.</li><li>Besides, the company acquired IGB, which will be essential to growing its Thermal Comfort Systems business and boosting its market share and profits in the seating industry.</li></ul>

Lear had a solid start to the year, with an all-around beat in the recent quarterly result.The management intends to start making full seats with essential thermal components for these vehicles.Besides, the company acquired IGB, which will be essential to growing its Thermal Comfort Systems business and boosting its market share and profits in the seating industry.

Lear Corporation: The I.G. Bauerhin Acquisition Upside & Other Drivers

<ul><li>Lear had a strong quarterly performance and managed an all-around beat.</li><li>Its sales increased by 10% to $5.4 billion, and core operating profitability rose by 67% to $265 million.</li><li>The Lear Forward initiative also improved the company's cash flow performance.</li></ul>

Lear had a strong quarterly performance and managed an all-around beat.Its sales increased by 10% to $5.4 billion, and core operating profitability rose by 67% to $265 million.The Lear Forward initiative also improved the company's cash flow performance.

Lear Corporation: Benefits From Kongsberg Acquisition – Key Drivers

United States

Lear Corporation manufactures automobile parts.  The Company produces seating systems; wiring harnesses; terminals; connectors; junction boxes; body control electronics; wireless products; and audio systems.

Lear Corp (LEA US)

Lear Corporation: These 7 Drivers Are Pushing The Company Forward In 2024! - Financial Forecasts

Lear Corporation achieved record revenue in 2023, reaching $23.5 billion, a 12% increase from 2022. The significant growth in core operating...

Baptista Research

Lear Corporation: Their Journey to Automotive Excellence! - Major Drivers

Lear Corporation managed to exceed the revenue and earnings expectations of Wall Street, characterized by double-digit increases in sales and...

Baptista Research

Lear Corporation: From E-Systems Momentum to Harnessing Contracts – Where Are They Zooming Next? - Major Drivers

Lear Corporation managed to exceed analyst expectations in terms of revenue and earnings. With a 61% increase from the previous year, core...

Baptista Research

Lear Corporation: The I.G. Bauerhin Acquisition Upside & Other Drivers

Lear had a solid start to the year, with an all-around beat in the recent quarterly result. The management intends to start making full seats with...

Baptista Research

Lear Corporation: Benefits From Kongsberg Acquisition – Key Drivers

Lear had a strong quarterly performance and managed an all-around beat. Its sales increased by 10% to $5.4 billion, and core operating...

Baptista Research