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>Middleby Corp.'s third-quarter performance exhibited both strategic progress and certain challenges that require careful analysis.</li><li>The company reported total revenues of $980 million, surpassing its guidance range, while adjusted EBITDA reached $196 million and adjusted EPS was $2.37, both exceeding expectations.</li><li>This performance underscores Middleby's capacity to leverage its investments in marketing and strategic growth initiatives over the years.</li></ul>

Middleby Corp.'s third-quarter performance exhibited both strategic progress and certain challenges that require careful analysis.The company reported total revenues of $980 million, surpassing its guidance range, while adjusted EBITDA reached $196 million and adjusted EPS was $2.37, both exceeding expectations.This performance underscores Middleby's capacity to leverage its investments in marketing and strategic growth initiatives over the years.

Middleby Sells Viking Stake: Josh Harris’s Next Billion-Dollar Power Move?

<ul><li>The Middleby Corporation's latest quarterly earnings call highlights the complex environment the company is navigating.</li><li>While facing economic challenges impacting key markets, the call outlines a series of strategic investments aimed at fortifying the company’s position and driving long-term growth.</li><li>Positively, the company has made significant strides across its business segments through strategic investments over the past three years.</li></ul>

The Middleby Corporation's latest quarterly earnings call highlights the complex environment the company is navigating.While facing economic challenges impacting key markets, the call outlines a series of strategic investments aimed at fortifying the company’s position and driving long-term growth.Positively, the company has made significant strides across its business segments through strategic investments over the past three years.

Middleby Inside the M&A Pipeline: What Frigomeccanica Brings to the Table!

<ul><li>The Middleby Corporation's recent earnings highlight several critical developments and strategic moves impacting its business landscape.</li><li>The company's decision to authorize an additional 7.5 million shares under its accelerated share repurchase program underscores management's confidence in its operations and valuation.</li><li>This move suggests that Middleby perceives its stock as undervalued, warranting such a substantial buyback initiative.</li></ul>

The Middleby Corporation's recent earnings highlight several critical developments and strategic moves impacting its business landscape.The company's decision to authorize an additional 7.5 million shares under its accelerated share repurchase program underscores management's confidence in its operations and valuation.This move suggests that Middleby perceives its stock as undervalued, warranting such a substantial buyback initiative.

Middleby Corporation Unveils Cutting-Edge Food Tech—Is This the Future of QSR Innovation?

<ul><li>The Middleby Corporation has recently reported on various strategic changes and an earnings summary for the fourth quarter of 2024.</li><li>The company announced its decision to spin off its Food Processing business to form a separate publicly traded entity, aiming to create two distinct companies: Middleby Corporation focusing on commercial and residential kitchen equipment, and Middleby Food Processing.</li><li>This move is expected to allow each business to sharpen its strategic and operational focus, optimize capital structure, and align more strategically with its respective market opportunities.</li></ul>

The Middleby Corporation has recently reported on various strategic changes and an earnings summary for the fourth quarter of 2024.The company announced its decision to spin off its Food Processing business to form a separate publicly traded entity, aiming to create two distinct companies: Middleby Corporation focusing on commercial and residential kitchen equipment, and Middleby Food Processing.This move is expected to allow each business to sharpen its strategic and operational focus, optimize capital structure, and align more strategically with its respective market opportunities.

Middleby Corporation Is On A Buying Spree—Is M&A The ONLY Feasible Way For Them To Grow?

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

Richard Howe

Founder at Stock Spin-off Investing

Stock Spin-Off Investing

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Stock Spin-offs

Event-Driven

<ul><li>There were no new spin-off announcements this week.</li><li>The Middleby Corporation (MIDD) announced its plan to spin off its food processing business on February 25, 2025.</li><li>This strategic move aims to allow Middleby to concentrate on its core commercial foodservice and residential kitchen equipment sectors, while enabling the new entity to focus exclusively on food processing operations.</li></ul>

There were no new spin-off announcements this week.The Middleby Corporation (MIDD) announced its plan to spin off its food processing business on February 25, 2025.This strategic move aims to allow Middleby to concentrate on its core commercial foodservice and residential kitchen equipment sectors, while enabling the new entity to focus exclusively on food processing operations.

United States

The Middleby Corporation designs, manufactures, markets, and services a broad line of equipment for use in cooking and preparing food.  The Company's products are used in commercial and institutional kitchens and restaurants throughout the world.  Middleby's brand names include Marshall, Southbend, and Toastmaster.

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Middleby Corp (MIDD US)

Middleby Sells Viking Stake: Josh Harris’s Next Billion-Dollar Power Move?

Middleby Corp.'s third-quarter performance exhibited both strategic progress and certain challenges that require careful analysis. The company...

Baptista Research

Middleby Inside the M&A Pipeline: What Frigomeccanica Brings to the Table!

The Middleby Corporation's latest quarterly earnings call highlights the complex environment the company is navigating. While facing economic...

Baptista Research

Middleby Corporation Unveils Cutting-Edge Food Tech—Is This the Future of QSR Innovation?

The Middleby Corporation's recent earnings highlight several critical developments and strategic moves impacting its business landscape. The...

Baptista Research

Middleby Corporation Is On A Buying Spree—Is M&A The ONLY Feasible Way For Them To Grow?

The Middleby Corporation has recently reported on various strategic changes and an earnings summary for the fourth quarter of 2024. The company...

Baptista Research

Weekly Update (IDT, RHLD, SNRE, SNDK)

There were no new spin-off announcements this week. The Middleby Corporation (MIDD) announced its plan to spin off its food processing business on...

Richard Howe

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